3M (NYSE:MMM) Price Target Cut to $178.00 by Analysts at JPMorgan Chase & Co.

3M (NYSE:MMM) had its price objective trimmed by JPMorgan Chase & Co. from $182.00 to $178.00 in a research note released on Wednesday morning,MarketScreener reports. The firm currently has a neutral rating on the conglomerate’s stock.

MMM has been the subject of a number of other reports. Wells Fargo & Company increased their price target on shares of 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wolfe Research decreased their price target on shares of 3M from $205.00 to $186.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada decreased their price target on shares of 3M from $134.00 to $133.00 and set an “underperform” rating for the company in a research note on Wednesday. Weiss Ratings downgraded shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley increased their price target 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. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $171.17.

3M Trading Down 0.1%

NYSE MMM traded down $0.18 during trading on Wednesday, hitting $145.60. 1,070,839 shares of the company’s stock traded hands, compared to its average volume of 3,996,528. The stock has a fifty day moving average of $153.72 and a two-hundred day moving average of $160.22. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.33. 3M has a 12-month low of $134.85 and a 12-month high of $177.41. The firm has a market cap of $76.06 billion, a P/E ratio of 28.09, a PEG ratio of 2.16 and a beta of 1.09.

3M (NYSE:MMM) last posted its earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. 3M’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, sell-side analysts expect that 3M will post 8.65 EPS for the current year.

3M Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 13th were given a $0.78 dividend. This is a boost from 3M’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, February 13th. This represents a $3.12 dividend on an annualized basis and a yield of 2.1%. 3M’s payout ratio is presently 52.00%.

Insider Buying and Selling

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 2,585 shares of the company’s stock, valued at approximately $446,558.75. The trade was a 66.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Retirement Investments LLC bought a new stake in 3M in the 4th quarter valued at $28,000. J.Safra Asset Management Corp bought a new stake in 3M in the 3rd quarter valued at $34,000. Westside Investment Management Inc. increased its holdings in 3M by 77.4% in the 3rd quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 106 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in 3M in the 4th quarter valued at $40,000. Finally, Sfam LLC bought a new stake in 3M in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Key Headlines Impacting 3M

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Q1 earnings beat and maintained outlook — 3M reported adjusted EPS of $2.14, topping estimates and citing margin gains and cost controls while holding its full-year guidance, which supports near-term earnings visibility. Read More.
• Positive Sentiment: Productivity and strategic actions highlighted — Coverage notes productivity gains and pricing steps helped offset sluggish organic growth, improving operating leverage that investors prize. Read More.
• Positive Sentiment: Analyst upgrades/target increases — Wells Fargo raised its target to $165 and kept an overweight rating, signaling renewed buy-side interest. Read More.
• Positive Sentiment: Jefferies lifted its price target to $170 (hold) — another vote of confidence that adds upward pressure on the stock. Read More.
• Positive Sentiment: Buy-the-dip commentary from some outlets — analysts/commentary pieces (e.g., Seeking Alpha) suggest starting to nibble given the beat and valuation metrics. Read More.
• Neutral Sentiment: Revenue mixed — reported revenue of $6.00B roughly met expectations (+3.9% Y/Y) but organic sales weakness tempers the quality of the beat. Read More.
• Neutral Sentiment: Deutsche Bank trims target but stays constructive — PT lowered to $171 from $181 and remains a hold, leaving room for upside but signaling more cautious near-term view. Read More.
• Negative Sentiment: RBC underperform/target cut — Royal Bank of Canada cut its PT to $133 and kept an underperform rating, introducing downside risk and reminding investors of differing views on growth and capital allocation. Read More.

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).