Wealth Architects LLC Purchases 25,673 Shares of 3M Company $MMM

Wealth Architects LLC grew its position in shares of 3M Company (NYSE:MMM) by 1,610.6% during the second quarter, Holdings Channel reports. The fund owned 27,267 shares of the conglomerate’s stock after purchasing an additional 25,673 shares during the period. Wealth Architects LLC’s holdings in 3M were worth $4,415,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MMM. Brighton Jones LLC boosted its holdings in shares of 3M by 26.6% during the 4th quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock valued at $1,149,000 after buying an additional 1,872 shares in the last quarter. Bison Wealth LLC grew its position in shares of 3M by 10.2% in the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock worth $355,000 after buying an additional 255 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of 3M by 11.4% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate’s stock worth $3,289,000 after acquiring an additional 2,203 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of 3M in the 2nd quarter worth about $61,000. Finally, Morse Asset Management Inc lifted its position in 3M by 1.8% during the 2nd quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock valued at $1,568,000 after acquiring an additional 185 shares during the period. Institutional investors own 65.25% of the company’s stock.

Insiders Place Their Bets

In related news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. The trade was a 20.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

3M Stock Down 0.6%

NYSE:MMM opened at $182.66 on Friday. The firm has a market cap of $94.20 billion, a P/E ratio of 32.44, a P/E/G ratio of 2.23 and a beta of 1.01. 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 fifty-two week low of $139.34 and a fifty-two week high of $184.90. The firm has a 50-day simple moving average of $166.38 and a two-hundred day simple moving average of $157.90.

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 the consensus estimate of $2.25 by $0.15. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Analysts predict that 3M Company will post 8.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MMM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $192.00 price objective on shares of 3M in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their target price on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Sanford C. Bernstein upped their price target on 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada raised their price objective on 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $177.21.

3M 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).