3M (NYSE:MMM) Issues FY 2026 Earnings Guidance

3M (NYSE:MMM) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 8.800-8.950 for the period, compared to the consensus estimate of 8.710. The company issued revenue guidance of $23.2 billion-$25.4 billion, compared to the consensus revenue estimate of $25.1 billion.

3M Price Performance

NYSE:MMM opened at $171.22 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.59 and a debt-to-equity ratio of 3.29. 3M has a 52 week low of $139.34 and a 52 week high of $177.41. The business’s 50-day simple moving average is $156.99 and its two-hundred day simple moving average is $156.17. The stock has a market cap of $89.30 billion, a PE ratio of 32.99, a P/E/G ratio of 2.24 and a beta of 1.02.

3M (NYSE:MMM) last released its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping the consensus estimate of $2.25 by $0.15. 3M had a net margin of 11.14% and a return on equity of 104.75%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the firm earned $2.16 earnings per share. The company’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, analysts forecast that 3M will post 8.74 EPS for the current fiscal year.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.8%. 3M’s dividend payout ratio is presently 60.12%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MMM shares. Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Wells Fargo & Company boosted their price objective on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group raised their target price on shares of 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, June 29th. Citigroup decreased their price objective on shares of 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Sanford C. Bernstein began coverage on 3M in a research report on Tuesday, June 9th. They set an “underperform” rating and a $131.00 target price for the company. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, 3M presently has a consensus rating of “Hold” and a consensus price target of $169.43.

Trending Headlines about 3M

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

• Positive Sentiment: 3M reported adjusted EPS of $2.40, topping consensus estimates and marking year-over-year growth, which signals stronger-than-expected profitability. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Positive Sentiment: Revenue came in at $6.5 billion, above Wall Street expectations, with organic growth of 5.4% and strength in Safety & Industrial plus Transportation & Electronics, showing broad operational momentum. 3M’s Q2 Earnings Top Estimates, Safety & Industrial Sales Rise Y/Y
• Positive Sentiment: 3M lifted its FY 2026 adjusted EPS guidance to $8.80-$8.95 from $8.50-$8.70, which suggests management sees continued margin support from pricing, cost cuts, and resilient demand. 3M Upgrades FY Views as Profit, Revenue Rise
• Neutral Sentiment: Several market recaps highlighted 3M as one of the day’s gainers after the earnings report, reinforcing that the stock’s move is primarily driven by the better-than-expected quarter and upgraded outlook. 3M Stock Soars to Pace Dow Gainers After Strong Earnings Report

Hedge Funds Weigh In On 3M

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Align Financial LLC acquired a new position in shares of 3M during the 4th quarter worth about $4,101,000. American Trust grew its stake in shares of 3M by 3.4% in the 4th quarter. American Trust now owns 1,803 shares of the conglomerate’s stock valued at $289,000 after purchasing an additional 60 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in 3M by 106.7% during the fourth quarter. DF Dent & Co. Inc. now owns 4,971 shares of the conglomerate’s stock worth $796,000 after purchasing an additional 2,566 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of 3M by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock worth $25,084,000 after buying an additional 4,372 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. boosted its holdings in 3M by 2.4% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 3,250 shares of the conglomerate’s stock worth $520,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About 3M

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).