Analysts Set 3M Company (NYSE:MMM) Price Target at $175.79

3M Company (NYSE:MMM) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $177.2143.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of 3M from a “neutral” rating to an “overweight” rating and upped their target price for the company from $178.00 to $180.00 in a report on Friday, July 17th. HSBC lifted their price target on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Wolfe Research restated an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. UBS Group raised their price objective on 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Mizuho lifted their target price on 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd.

Institutional Investors Weigh In On 3M

Several large investors have recently modified their holdings of MMM. Bank of Stockton increased its holdings in shares of 3M by 4.8% in the 2nd quarter. Bank of Stockton now owns 5,560 shares of the conglomerate’s stock valued at $900,000 after acquiring an additional 255 shares during the period. Waterloo Capital L.P. boosted its stake in 3M by 3.3% during the 2nd quarter. Waterloo Capital L.P. now owns 24,889 shares of the conglomerate’s stock worth $4,030,000 after purchasing an additional 793 shares during the period. Baldwin Investment Management LLC acquired a new stake in 3M during the 2nd quarter worth $348,000. Creative Financial Designs Inc. ADV grew its position in 3M by 3.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,245 shares of the conglomerate’s stock worth $525,000 after purchasing an additional 111 shares during the last quarter. Finally, Bull Street Advisors LLC grew its position in 3M by 22.7% during the 2nd quarter. Bull Street Advisors LLC now owns 2,833 shares of the conglomerate’s stock worth $459,000 after purchasing an additional 524 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

3M Price Performance

MMM stock opened at $177.98 on Thursday. The business has a 50 day moving average price of $160.23 and a 200 day moving average price of $156.68. The stock has a market cap of $91.79 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.51 and a beta of 1.02. 3M has a fifty-two week low of $139.34 and a fifty-two week high of $184.90. 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 announced its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Equities research analysts anticipate that 3M will post 8.93 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, May 22nd. 3M’s dividend payout ratio (DPR) is currently 55.42%.

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).