Nissay Asset Management Corp Japan Has $11.55 Million Holdings in 3M Company $MMM

Nissay Asset Management Corp Japan boosted its position in 3M Company (NYSE:MMM) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 71,310 shares of the conglomerate’s stock after purchasing an additional 3,384 shares during the period. Nissay Asset Management Corp Japan’s holdings in 3M were worth $11,546,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new position in shares of 3M in the 4th quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in 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 period. Sfam LLC bought a new stake in 3M in the fourth quarter worth approximately $45,000. West Paces Advisors Inc. acquired a new position in 3M in the second quarter valued at approximately $49,000. Finally, WFA of San Diego LLC bought a new position in shares of 3M during the 2nd quarter worth approximately $61,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at 3M

In other 3M news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the transaction, the insider directly owned 14,035 shares of the company’s stock, valued at approximately $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group lifted their price objective on shares of 3M from $190.00 to $218.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $192.00 price target on shares of 3M in a report on Wednesday, July 22nd. Royal Bank Of Canada lifted their price target on shares of 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research note on Wednesday, July 22nd. Mizuho upped their price objective on shares of 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein upped their price objective on shares of 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $177.21.

3M Trading Down 2.6%

NYSE MMM opened at $174.14 on Friday. The company has a market cap of $89.81 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.11 and a beta of 1.01. 3M Company has a 52 week low of $139.34 and a 52 week high of $184.90. The business has a 50 day moving average price of $171.09 and a 200-day moving average price of $159.46. 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 issued its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period last year, the business earned $2.16 EPS. 3M’s quarterly revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities analysts expect that 3M Company will post 8.96 earnings per share for the current fiscal year.

3M Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.78 per share. The ex-dividend date is Monday, August 24th. This represents a $3.12 annualized dividend and a yield of 1.8%. 3M’s dividend payout ratio is presently 55.42%.

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).