Research Analysts’ Recent Ratings Updates for 3M (MMM)

3M (NYSE: MMM) has recently received a number of price target changes and ratings updates:

• 1/22/2025 – 3M had its “underperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $96.00 price target on the stock.
• 1/22/2025 – 3M was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $170.00 price target on the stock, up previously from $140.00.
• 1/22/2025 – 3M had its price target raised by analysts at JPMorgan Chase & Co. from $162.00 to $165.00. They now have an “overweight” rating on the stock.
• 1/22/2025 – 3M had its price target raised by analysts at Barclays PLC from $161.00 to $165.00. They now have an “overweight” rating on the stock.
• 1/22/2025 – 3M had its price target raised by analysts at Citigroup Inc. from $142.00 to $152.00. They now have a “neutral” rating on the stock.
• 1/22/2025 – 3M had its price target raised by analysts at Bank of America Co. from $160.00 to $175.00. They now have a “buy” rating on the stock.
• 1/18/2025 – 3M had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 1/15/2025 – 3M had its price target lowered by analysts at JPMorgan Chase & Co. from $165.00 to $162.00. They now have an “overweight” rating on the stock.
• 1/8/2025 – 3M had its price target lowered by analysts at Barclays PLC from $165.00 to $161.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – 3M had its price target lowered by analysts at Royal Bank of Canada from $100.00 to $96.00. They now have an “underperform” rating on the stock.

3M Trading Up 0.4 %

MMM stock traded up $0.52 during midday trading on Thursday, hitting $149.64. The company had a trading volume of 4,439,110 shares, compared to its average volume of 4,787,515. The stock has a market cap of $81.49 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.42 and a beta of 0.95. 3M has a 52 week low of $75.40 and a 52 week high of $152.08. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 2.41. The stock’s 50 day moving average price is $132.09 and its 200 day moving average price is $128.67.

3M (NYSE:MMM) last posted its earnings results on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.02. 3M had a net margin of 15.71% and a return on equity of 97.19%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5,770,390 billion. During the same period in the prior year, the business posted $2.42 earnings per share. 3M’s revenue for the quarter was down 25.0% on a year-over-year basis. As a group, equities research analysts expect that 3M will post 7.66 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were given a dividend of $0.70 per share. The ex-dividend date was Friday, November 15th. This represents a $2.80 annualized dividend and a yield of 1.87%. 3M’s payout ratio is 37.09%.

Institutional Investors Weigh In On 3M

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Austin Private Wealth LLC boosted its position in shares of 3M by 15.6% in the 4th quarter. Austin Private Wealth LLC now owns 2,979 shares of the conglomerate’s stock worth $385,000 after purchasing an additional 401 shares in the last quarter. GFS Advisors LLC bought a new position in 3M during the 4th quarter valued at approximately $1,291,000. Cibc World Market Inc. raised its stake in 3M by 128.8% during the fourth quarter. Cibc World Market Inc. now owns 265,736 shares of the conglomerate’s stock valued at $34,304,000 after buying an additional 149,570 shares during the last quarter. Mediolanum International Funds Ltd boosted its holdings in 3M by 88.5% in the fourth quarter. Mediolanum International Funds Ltd now owns 410,152 shares of the conglomerate’s stock worth $52,833,000 after acquiring an additional 192,580 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its holdings in shares of 3M by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 5,106 shares of the conglomerate’s stock valued at $659,000 after acquiring an additional 73 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.