3M Company $MMM Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 3M Company (NYSE:MMM) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,935,534 shares of the conglomerate’s stock after purchasing an additional 270,458 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in 3M were worth $637,202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. American Trust raised its position in 3M by 3.4% during the 4th quarter. American Trust now owns 1,803 shares of the conglomerate’s stock worth $289,000 after buying an additional 60 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its stake in shares of 3M by 1.0% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate’s stock worth $938,000 after acquiring an additional 61 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of 3M by 32.1% during the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 71 shares during the last quarter. Morse Asset Management Inc raised its holdings in shares of 3M by 0.7% during the fourth quarter. Morse Asset Management Inc now owns 10,713 shares of the conglomerate’s stock worth $1,715,000 after purchasing an additional 75 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its position in 3M by 2.4% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 3,250 shares of the conglomerate’s stock valued at $520,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the transaction, the insider owned 14,035 shares in the company, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company’s stock.

3M Stock Down 2.6%

3M stock opened at $174.14 on Friday. The stock 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. 3M Company has a 12 month low of $139.34 and a 12 month high of $184.90. The business has a 50 day simple moving average of $171.09 and a 200-day simple moving average of $159.46. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91.

3M (NYSE:MMM) last announced its 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 for 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 business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, analysts anticipate that 3M Company will post 8.96 EPS for the current fiscal year.

3M Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 24th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $3.12 dividend on an annualized basis and a yield of 1.8%. 3M’s dividend payout ratio (DPR) is currently 55.42%.

Wall Street Analysts Forecast Growth

MMM has been the topic of several analyst reports. Jefferies Financial Group increased their price target on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, June 29th. Weiss Ratings upgraded 3M from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wolfe Research reiterated an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Citigroup boosted their price target on 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of 3M from $123.00 to $132.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, 3M currently has an average rating of “Hold” and a consensus target price of $177.21.

3M 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).