Rep. Julie Johnson Purchases Shares of 3M (NYSE:MMM)

Representative Julie Johnson (D-Texas) recently bought shares of 3M NYSE: MMM. In a filing disclosed on April 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in 3M stock on March 12th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/19/2025.
• Purchased $1,001 - $15,000 in shares of The Cigna Group NYSE: CI on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/12/2025.
• Sold $1,001 - $15,000 in shares of Webster Financial NYSE: WBS on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Sonos NASDAQ: SONO on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Teradyne NASDAQ: TER on 3/3/2025.
• Sold $1,001 - $15,000 in shares of Zoetis NYSE: ZTS on 3/3/2025.

3M Price Performance

MMM stock traded down $0.30 during midday trading on Friday, reaching $130.16. 4,951,917 shares of the company's stock traded hands, compared to its average volume of 4,153,305. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 2.86. The company has a market cap of $70.20 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 3.30 and a beta of 1.01. The company has a 50-day simple moving average of $144.53 and a two-hundred day simple moving average of $138.23. 3M has a 1-year low of $90.65 and a 1-year high of $156.35.

3M (NYSE:MMM - Get Free Report) last announced its earnings results on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share (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 for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the business earned $2.42 earnings per share. 3M's quarterly revenue was down 25.0% on a year-over-year basis. On average, analysts anticipate that 3M will post 7.8 earnings per share for the current year.

3M Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 14th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from 3M's previous quarterly dividend of $0.70. 3M's payout ratio is 38.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on 3M from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company raised 3M from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $140.00 to $170.00 in a report on Wednesday, January 22nd. Weiss Ratings reissued a "hold (c+)" rating on shares of 3M in a research note on Tuesday, April 8th. Bank of America lifted their target price on shares of 3M from $175.00 to $179.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Citigroup cut their price target on 3M from $152.00 to $142.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Two 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $146.47.

Insider Buying and Selling at 3M

In other news, insider Christian T. Goralski, Jr. sold 6,318 shares of 3M stock in a transaction that occurred 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 transaction, the insider now directly owns 5,024 shares in the company, valued at approximately $750,736.32. The trade was a 55.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Victoria Clarke sold 1,750 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $154.22, for a total value of $269,885.00. Following the sale, the executive vice president now directly owns 194 shares of the company's stock, valued at $29,918.68. This represents a 90.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,639 shares of company stock worth $17,163,446 over the last quarter. 0.48% of the stock is currently owned by insiders.

Institutional Trading of 3M

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wolf Group Capital Advisors acquired a new stake in 3M in the 1st quarter valued at approximately $400,000. Mezzasalma Advisors LLC bought a new position in 3M in the first quarter valued at $207,000. Clarius Group LLC lifted its position in 3M by 5.9% during the 1st quarter. Clarius Group LLC now owns 1,807 shares of the conglomerate's stock worth $265,000 after buying an additional 101 shares in the last quarter. Financial Perspectives Inc raised its holdings in 3M by 1.3% during the first quarter. Financial Perspectives Inc now owns 14,024 shares of the conglomerate's stock worth $2,060,000 after acquiring an additional 185 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in shares of 3M by 21.1% in the 1st quarter. Insigneo Advisory Services LLC now owns 5,298 shares of the conglomerate's stock valued at $778,000 after buying an additional 924 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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.