3M Co (NYSE:MMM) EVP Khandpur K. Ashish sold 3,362 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $174.20, for a total transaction of $585,660.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
MMM opened at $173.15 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.30 and a debt-to-equity ratio of 1.68. The firm has a 50 day moving average price of $163.83 and a 200-day moving average price of $169.15. 3M Co has a twelve month low of $150.58 and a twelve month high of $219.75. The stock has a market capitalization of $100.79 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.03 and a beta of 1.10.
3M (NYSE:MMM) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.09. 3M had a net margin of 15.48% and a return on equity of 54.02%. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $8.20 billion. During the same period in the previous year, the company earned $2.58 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts expect that 3M Co will post 9.09 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of 3M from $173.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. Wolfe Research set a $177.00 target price on shares of 3M and gave the stock a “sell” rating in a research note on Friday, October 25th. Zacks Investment Research downgraded shares of 3M from a “hold” rating to a “sell” rating and set a $166.00 target price on the stock. in a research note on Monday, October 14th. UBS Group dropped their target price on shares of 3M from $201.00 to $182.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, Barclays dropped their target price on shares of 3M from $158.00 to $157.00 and set an “underweight” rating on the stock in a research note on Monday, October 28th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $174.08.
3M Company Profile
3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products.
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