8,161 Shares of 3M Company $MMM Acquired by Neumann Capital Management LLC

Neumann Capital Management LLC purchased a new stake in 3M Company (NYSE:MMM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,161 shares of the conglomerate’s stock, valued at approximately $1,340,000.

A number of other hedge funds have also recently bought and sold shares of the business. State Street Corp raised its position in shares of 3M by 0.4% in the 2nd quarter. State Street Corp now owns 27,828,966 shares of the conglomerate’s stock valued at $4,505,788,000 after purchasing an additional 105,222 shares in the last quarter. Amundi boosted its stake in shares of 3M by 67.0% during the 2nd quarter. Amundi now owns 4,536,148 shares of the conglomerate’s stock valued at $734,448,000 after buying an additional 1,819,178 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 3M by 7.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate’s stock worth $637,202,000 after buying an additional 270,458 shares in the last quarter. SG Americas Securities LLC grew its position 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 worth $344,178,000 after buying an additional 2,055,419 shares in the last quarter. Finally, National Pension Service grew its position in shares of 3M by 3.6% during the second quarter. National Pension Service now owns 1,401,543 shares of the conglomerate’s stock worth $226,924,000 after buying an additional 48,167 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Trading Up 0.5%

Shares of NYSE MMM opened at $165.26 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. The stock’s 50 day moving average price is $170.35 and its two-hundred day moving average price is $161.25. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90. The stock has a market capitalization of $85.23 billion, a P/E ratio of 29.35, a PEG ratio of 2.30 and a beta of 0.99.

3M (NYSE:MMM) last issued 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. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, analysts anticipate that 3M Company will post 8.97 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 24th. 3M’s dividend payout ratio is currently 55.42%.

Insider Transactions at 3M

In related news, insider Karin Chavez sold 3,635 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the transaction, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MMM has been the topic of several recent analyst reports. Weiss Ratings cut shares of 3M from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Mizuho increased their price objective on shares of 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 3M from $192.00 to $194.00 and gave the stock a “hold” rating in a report on Wednesday, September 30th. Sanford C. Bernstein raised shares of 3M from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $145.00 to $171.00 in a research report on Friday, September 25th. Finally, Wolfe Research reissued an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, 3M has a consensus rating of “Hold” and a consensus price target of $181.71.

3M Profile

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.