Winning Points Advisors LLC Purchases Shares of 3,232 3M Company $MMM

Winning Points Advisors LLC purchased a new stake in 3M Company (NYSE:MMM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,232 shares of the conglomerate’s stock, valued at approximately $517,000. 3M accounts for approximately 0.5% of Winning Points Advisors LLC’s holdings, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMM. Commonwealth Retirement Investments LLC purchased a new position in 3M in the 4th quarter valued at approximately $28,000. EQ Wealth Advisors LLC purchased a new position in 3M in the 4th quarter valued at approximately $40,000. WFA of San Diego LLC purchased a new position in 3M in the 2nd quarter valued at approximately $61,000. Ameriflex Group Inc. boosted its position in 3M by 245.0% in the 3rd quarter. Ameriflex Group Inc. now owns 414 shares of the conglomerate’s stock valued at $64,000 after buying an additional 294 shares during the period. Finally, Dunhill Financial LLC boosted its position in 3M by 33.6% in the 3rd quarter. Dunhill Financial LLC now owns 461 shares of the conglomerate’s stock valued at $72,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

3M Price Performance

Shares of MMM opened at $157.99 on Friday. The firm’s fifty day simple moving average is $149.33 and its 200-day simple moving average is $157.16. 3M Company has a twelve month low of $139.34 and a twelve month high of $177.41. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $82.40 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.27 and a beta of 1.03.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 EPS for the quarter, topping the consensus estimate of $1.98 by $0.16. 3M had a net margin of 11.14% and a return on equity of 104.75%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. During the same period last year, the business earned $1.88 EPS. 3M’s revenue for the quarter was up 1.3% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Equities analysts forecast that 3M Company will post 8.7 EPS for the current fiscal year.

3M Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 22nd. 3M’s dividend payout ratio (DPR) is currently 60.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MMM. UBS Group restated a “buy” rating on shares of 3M in a report on Friday, March 13th. Weiss Ratings lowered shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Wolfe Research reduced their price objective on shares of 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Sanford C. Bernstein began coverage on shares of 3M in a report on Tuesday. They issued an “underperform” rating and a $131.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $168.08.

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).