Two Sigma Securities LLC Acquires Shares of 11,105 3M Company $MMM

Two Sigma Securities LLC bought a new position in shares of 3M Company (NYSE:MMM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,105 shares of the conglomerate’s stock, valued at approximately $1,798,000.

A number of other large investors have also made changes to their positions in MMM. North Star Asset Management Inc. purchased a new stake in shares of 3M in the second quarter valued at about $1,424,000. FSA Advisors Inc. purchased a new position in 3M during the fourth quarter worth about $1,625,000. PFA Pension Forsikringsaktieselskab purchased a new position in 3M during the fourth quarter worth about $65,009,000. Catalyst Funds Management Pty Ltd boosted its holdings in 3M by 260.4% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 17,300 shares of the conglomerate’s stock valued at $2,770,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of 3M in the 1st quarter valued at approximately $10,945,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

3M Stock Down 0.1%

3M stock opened at $174.14 on Monday. The company has a market capitalization of $89.81 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.11 and a beta of 1.01. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24. 3M Company has a fifty-two week low of $139.34 and a fifty-two week high of $184.90. The firm has a 50 day moving average price of $171.09 and a 200 day moving average price of $159.39.

3M (NYSE:MMM) last released its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping the consensus estimate of $2.25 by $0.15. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Research analysts expect that 3M Company will post 8.96 earnings per share for the current year.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 24th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 24th. 3M’s dividend payout ratio is currently 55.42%.

Insider Activity at 3M

In other news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider owned 14,035 shares of the company’s stock, valued at approximately $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a research report on Wednesday, July 22nd. Wolfe Research restated an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Jefferies Financial Group upped their price target on 3M from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Monday, June 29th. Royal Bank Of Canada increased their price target on 3M from $123.00 to $132.00 and gave the stock an “underperform” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. raised 3M from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $178.00 to $180.00 in a research report on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $177.21.

3M Company Profile

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).