14,356 3M Company $MMM Shares Acquired by Leverty Financial Group LLC

Leverty Financial Group LLC raised its stake in shares of 3M Company (NYSE:MMM) by 76.5% in the third quarter, Holdings Channel reports. The institutional investor owned 33,110 shares of the conglomerate’s stock after buying an additional 14,356 shares during the quarter. 3M comprises about 1.0% of Leverty Financial Group LLC’s portfolio, making the stock its 15th biggest position. Leverty Financial Group LLC’s holdings in 3M were worth $5,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in 3M by 0.4% in the 2nd quarter. State Street Corp now owns 27,828,966 shares of the conglomerate’s stock worth $4,505,788,000 after purchasing an additional 105,222 shares in the last quarter. Amundi grew its position in shares of 3M by 67.0% during the 2nd quarter. Amundi now owns 4,536,148 shares of the conglomerate’s stock valued at $734,448,000 after purchasing an additional 1,819,178 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 3M by 7.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate’s stock worth $637,202,000 after purchasing an additional 270,458 shares during the period. SG Americas Securities LLC increased its holdings in shares of 3M by 653.6% in the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after purchasing an additional 2,055,419 shares during the period. Finally, National Pension Service raised its position in shares of 3M by 3.6% in the second quarter. National Pension Service now owns 1,401,543 shares of the conglomerate’s stock worth $226,924,000 after buying an additional 48,167 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at 3M

In related news, insider Karin Chavez sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the transaction, the insider directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

3M Price Performance

NYSE:MMM traded up $0.56 during midday trading on Thursday, hitting $162.68. The company had a trading volume of 851,684 shares, compared to its average volume of 3,691,113. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90. The stock’s fifty day moving average price is $172.31 and its 200-day moving average price is $160.49. The company has a market capitalization of $83.90 billion, a PE ratio of 28.91, a P/E/G ratio of 2.29 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63.

3M (NYSE:MMM) last released its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the prior year, the firm earned $2.16 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, research analysts expect that 3M Company will post 8.97 earnings per share for the current year.

3M Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Monday, August 24th were given a dividend of $0.78 per share. The ex-dividend date was Monday, August 24th. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. 3M’s dividend payout ratio is 55.42%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MMM. Sanford C. Bernstein raised 3M from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $145.00 to $171.00 in a research note on Friday, September 25th. Jefferies Financial Group raised their price target on 3M from $170.00 to $175.00 and gave the company a “hold” rating in a report on Monday, June 29th. Mizuho lifted their price target on 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Wolfe Research reiterated an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Finally, Wells Fargo & Company began coverage on 3M in a report on Thursday, September 24th. They set an “equal weight” rating and a $195.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $181.36.

3M Profile

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.