3M (NYSE:MMM) Insider Rodriguez Beatriz Karin Chavez Sells 1,645 Shares

3M (NYSE:MMM) insider Rodriguez Beatriz Karin Chavez sold 1,645 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $150.25, for a total transaction of $247,161.25. Following the completion of the sale, the insider now directly owns 5,153 shares of the company’s stock, valued at approximately $774,238.25. This trade represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

3M Price Performance

Shares of NYSE MMM opened at $151.34 on Wednesday. 3M has a fifty-two week low of $75.40 and a fifty-two week high of $152.96. The company has a market cap of $82.42 billion, a PE ratio of 20.05, a P/E/G ratio of 2.46 and a beta of 0.95. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.08 and a current ratio of 1.41. The business has a 50-day simple moving average of $133.26 and a two-hundred day simple moving average of $129.89.

3M (NYSE:MMM) last released its earnings results on Tuesday, January 21st. The conglomerate reported $1.68 EPS 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 100.77%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the business earned $2.42 EPS. 3M’s revenue for the quarter was down 25.0% on a year-over-year basis. As a group, equities analysts expect that 3M will post 7.66 EPS for the current fiscal year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were paid a $0.70 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.85%. 3M’s dividend payout ratio (DPR) is 37.09%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MMM shares. Melius raised 3M from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Citigroup increased their price target on 3M from $142.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. UBS Group upgraded 3M from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $184.00 in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on shares of 3M from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Mizuho boosted their price target on shares of 3M from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, 3M has a consensus rating of “Moderate Buy” and an average price target of $148.87.

Institutional Trading of 3M

Several large investors have recently added to or reduced their stakes in the company. Angeles Wealth Management LLC lifted its holdings in shares of 3M by 47.8% during the fourth quarter. Angeles Wealth Management LLC now owns 2,780 shares of the conglomerate’s stock worth $359,000 after purchasing an additional 899 shares during the period. Robinson Value Management Ltd. lifted its stake in 3M by 1.0% during the 4th quarter. Robinson Value Management Ltd. now owns 21,499 shares of the conglomerate’s stock valued at $2,775,000 after acquiring an additional 210 shares during the period. Quotient Wealth Partners LLC boosted its holdings in shares of 3M by 7.5% in the 4th quarter. Quotient Wealth Partners LLC now owns 3,737 shares of the conglomerate’s stock valued at $482,000 after acquiring an additional 262 shares during the last quarter. Richard C. Young & CO. LTD. acquired a new stake in shares of 3M in the fourth quarter worth $426,000. Finally, Empowered Funds LLC raised its holdings in shares of 3M by 4.9% during the fourth quarter. Empowered Funds LLC now owns 55,389 shares of the conglomerate’s stock worth $7,150,000 after purchasing an additional 2,599 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About 3M

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.