3M (NYSE:MMM) Issues FY 2025 Earnings Guidance

3M (NYSE:MMM - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.600-7.900 for the period, compared to the consensus EPS estimate of 7.810. The company issued revenue guidance of -.

3M Stock Performance

NYSE MMM opened at $147.74 on Wednesday. 3M has a 1 year low of $81.23 and a 1 year high of $156.35. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.41 and a quick ratio of 1.08. The company has a market capitalization of $80.21 billion, a PE ratio of 19.57, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a fifty day moving average of $145.26 and a two-hundred day moving average of $136.53.

3M (NYSE:MMM - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.02. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.77 billion. 3M had a net margin of 15.71% and a return on equity of 100.77%. 3M's revenue for the quarter was down 25.0% on a year-over-year basis. During the same period last year, the firm posted $2.42 EPS. As a group, analysts expect that 3M will post 7.8 earnings per share for the current year.

3M Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 14th will be given a $0.73 dividend. This is a boost from 3M's previous quarterly dividend of $0.70. The ex-dividend date is Friday, February 14th. This represents a $2.92 annualized dividend and a yield of 1.98%. 3M's dividend payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MMM. Citigroup raised their price target on shares of 3M from $142.00 to $152.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Bank of America upped their price target on 3M from $175.00 to $179.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. upped their price target on 3M from $162.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upgraded 3M from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $140.00 to $170.00 in a research note on Wednesday, January 22nd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of 3M in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, 3M currently has an average rating of "Moderate Buy" and a consensus price target of $149.13.

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Insider Buying and Selling

In related news, insider Christian T. Goralski, Jr. sold 6,318 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $149.43, for a total transaction of $944,098.74. Following the completion of the sale, the insider now directly owns 5,024 shares in the company, valued at approximately $750,736.32. This trade represents a 55.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rodriguez Beatriz Karin Chavez sold 1,645 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $150.25, for a total value of $247,161.25. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 113,639 shares of company stock valued at $17,163,446. 0.38% of the stock is owned by corporate insiders.

Institutional Trading of 3M

A hedge fund recently raised its stake in 3M stock. Brighton Jones LLC boosted its holdings in 3M (NYSE:MMM - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,898 shares of the conglomerate's stock after acquiring an additional 1,872 shares during the quarter. Brighton Jones LLC's holdings in 3M were worth $1,149,000 at the end of the most recent quarter. 65.25% of the stock is owned by institutional investors.

3M Company Profile

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.

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