3M (NYSE:MMM) Stock Acquired Rep. Julie Johnson

Posted by Kim Johansen on Apr 17th, 2025

3M logo 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 Stock Up 0.7 %

MMM traded up $0.86 during trading on Thursday, hitting $131.32. The company had a trading volume of 1,134,337 shares, compared to its average volume of 4,129,423. The firm’s 50-day moving average price is $145.32 and its 200 day moving average price is $138.31. The company has a market capitalization of $70.82 billion, a PE ratio of 17.41, a PEG ratio of 3.30 and a beta of 1.01. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 2.86. 3M has a one year low of $90.33 and a one year high of $156.35.

3M (NYSE:MMM – Get Free Report) last released its earnings results on Tuesday, January 21st. The conglomerate reported $1.68 EPS for the quarter, beating the consensus estimate of $1.66 by $0.02. 3M had a return on equity of 100.77% and a net margin of 15.71%. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the previous year, the business posted $2.42 EPS. The business’s quarterly revenue was down 25.0% compared to the same quarter last year. As a group, equities analysts expect that 3M will post 7.8 earnings per share for the current year.

3M Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders 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 yield of 2.22%. This is a positive change from 3M’s previous quarterly dividend of $0.70. 3M’s payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MMM. Bank of America upped their target price on 3M from $175.00 to $179.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Wells Fargo & Company raised shares of 3M from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $140.00 to $170.00 in a research note on Wednesday, January 22nd. Citigroup cut their target price on shares of 3M from $152.00 to $142.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of 3M in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $96.00 price objective on shares of 3M in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, 3M has an average rating of “Moderate Buy” and a consensus price target of $146.47.

Read Our Latest Report on MMM

Institutional Trading of 3M

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of 3M in the 4th quarter valued at $851,000. Franklin Resources Inc. boosted its stake in 3M by 26.8% in the third quarter. Franklin Resources Inc. now owns 845,401 shares of the conglomerate’s stock valued at $114,770,000 after buying an additional 178,450 shares in the last quarter. Meyer Handelman Co. grew its position in 3M by 1.4% in the fourth quarter. Meyer Handelman Co. now owns 197,618 shares of the conglomerate’s stock valued at $25,511,000 after acquiring an additional 2,678 shares during the last quarter. USA Financial Formulas acquired a new position in 3M during the fourth quarter worth about $816,000. Finally, Braun Stacey Associates Inc. lifted its holdings in shares of 3M by 18.4% in the fourth quarter. Braun Stacey Associates Inc. now owns 142,596 shares of the conglomerate’s stock worth $18,408,000 after acquiring an additional 22,203 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Insider Activity

In related news, Chairman Michael F. Roman sold 49,598 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $152.30, for a total transaction of $7,553,775.40. Following the sale, the chairman now owns 180,895 shares of the company’s stock, valued at $27,550,308.50. This trade represents a 21.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Victoria Clarke sold 1,750 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $154.22, for a total value of $269,885.00. Following the completion of the transaction, the executive vice president now owns 194 shares of the company’s stock, valued at $29,918.68. This represents a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,639 shares of company stock worth $17,163,446. Corporate insiders own 0.48% 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.

3M Company Profile

(Get Free Report)

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.