Rep. Julia Letlow Sells 3M Company (NYSE:MMM) Stock

Representative Julia Letlow (Republican-Louisiana) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on February 4th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026.
• Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026.
• Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026.
• Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026.
• Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026.
• Purchased $1,001 – $15,000 in shares of Extra Space Storage (NYSE:EXR) on 2/12/2026.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 2/12/2026.

3M Stock Performance

Shares of NYSE:MMM traded up $1.29 during midday trading on Wednesday, hitting $147.96. The company had a trading volume of 2,238,112 shares, compared to its average volume of 4,308,047. 3M Company has a 12-month low of $121.98 and a 12-month high of $177.41. The company has a fifty day moving average of $160.11 and a two-hundred day moving average of $161.39. The company has a market cap of $77.93 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.13 and a beta of 1.08. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.71 and a quick ratio of 1.33.

3M (NYSE:MMM) last released its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.03. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.3M’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, equities research analysts expect that 3M Company will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 13th were paid a $0.78 dividend. This is a positive change from 3M’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, February 13th. This represents a $3.12 annualized dividend and a dividend yield of 2.1%. 3M’s dividend payout ratio (DPR) is currently 52.00%.

Insider Buying and Selling

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total value of $888,798.75. Following the sale, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. The trade was a 66.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MMM has been the topic of a number of analyst reports. Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Wells Fargo & Company decreased their target price on shares of 3M from $183.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their price target on shares of 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a report on Wednesday, January 21st. Morgan Stanley increased their price objective on shares of 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Finally, Wolfe Research raised their price objective on shares of 3M from $196.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, 3M has a consensus rating of “Hold” and an average target price of $175.90.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC bought a new stake in shares of 3M during the fourth quarter valued at approximately $28,000. J.Safra Asset Management Corp bought a new position in shares of 3M during the third quarter worth $34,000. Westside Investment Management Inc. boosted its position in shares of 3M by 77.4% during the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 106 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in 3M during the fourth quarter valued at $40,000. Finally, Sfam LLC bought a new stake in 3M in the 4th quarter valued at $45,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

About 3M

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).