Insider Selling: 3M (NYSE:MMM) Insider Sells $663,423.85 in Stock

3M Company (NYSE:MMM) insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was 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. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

3M Price Performance

3M stock traded down $1.44 during trading on Thursday, reaching $180.64. The company had a trading volume of 2,432,908 shares, compared to its average volume of 3,958,719. The firm has a market capitalization of $93.16 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The firm’s 50-day simple moving average is $162.77 and its 200 day simple moving average is $157.03. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24. 3M Company has a 1-year low of $139.34 and a 1-year high of $184.90.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.40 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities research analysts anticipate that 3M Company will post 8.95 earnings per share for the current fiscal year.

3M Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were paid a $0.78 dividend. 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 1.7%. 3M’s dividend payout ratio (DPR) is currently 55.42%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of 3M by 653.6% during the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock valued at $344,178,000 after buying an additional 2,055,419 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in 3M in the fourth quarter valued at $65,009,000. Ascentis Wealth Management LLC increased its position in shares of 3M by 22,972.5% in the second quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate’s stock worth $56,259,000 after acquiring an additional 345,966 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of 3M in the first quarter valued at about $10,945,000. Finally, Wealth Architects LLC grew its position in 3M by 1,610.6% in the second quarter. Wealth Architects LLC now owns 27,267 shares of the conglomerate’s stock valued at $4,415,000 after acquiring an additional 25,673 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MMM. Royal Bank Of Canada raised their target price on 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research report on Wednesday, July 22nd. Wolfe Research restated an “outperform” rating on shares of 3M in a report on Thursday, July 9th. UBS Group upped their target price on shares of 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Sanford C. Bernstein increased their target price on shares of 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their price target on shares of 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3M has a consensus rating of “Hold” and a consensus target price of $177.21.

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).