3M (NYSE:MMM) Releases FY 2026 Earnings Guidance
by Sarita Garza · The Markets Daily3M (NYSE:MMM – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 8.50-8.700 for the period, compared to the consensus estimate of 8.610. The company issued revenue guidance of $25.3 billion-$25.3 billion, compared to the consensus revenue estimate of $25.0 billion.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on MMM shares. Wells Fargo & Company restated an “overweight” rating on shares of 3M in a research report on Wednesday. Barclays boosted their target price on 3M from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Morgan Stanley set a $160.00 price target on shares of 3M and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $182.00 price target on shares of 3M in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of 3M in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.80.
Read Our Latest Stock Report on MMM
3M Stock Performance
NYSE:MMM opened at $156.32 on Wednesday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.40 and a current ratio of 1.84. 3M has a fifty-two week low of $121.98 and a fifty-two week high of $174.69. The business has a 50 day moving average price of $165.87 and a 200-day moving average price of $159.65. The firm has a market cap of $83.04 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09.
3M (NYSE:MMM – Get Free Report) last posted its quarterly earnings results on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.03 billion. 3M had a net margin of 13.70% and a return on equity of 98.47%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Equities research analysts predict that 3M will post 7.8 earnings per share for the current year.
3M Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, November 14th. 3M’s dividend payout ratio (DPR) is currently 46.65%.
Insider Activity at 3M
In related news, EVP Zoe L. Dickson sold 13,826 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $169.78, for a total transaction of $2,347,378.28. Following the completion of the transaction, the executive vice president owned 6,162 shares in the company, valued at $1,046,184.36. This represents a 69.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark W. Murphy sold 19,061 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $166.55, for a total value of $3,174,609.55. Following the completion of the sale, the executive vice president directly owned 6,594 shares of the company’s stock, valued at $1,098,230.70. The trade was a 74.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,516 shares of company stock worth $7,836,465 over the last three months. Insiders own 0.48% of the company’s stock.
3M News Summary
Here are the key news stories impacting 3M this week:
- Positive Sentiment: Adjusted EPS beat and margins improved — 3M reported adjusted EPS of $1.83 (vs. $1.80 consensus) and showed a sizable improvement in adjusted operating margin and strong operating cash flow/free cash flow. 3M Reports Fourth-Quarter and Full-Year 2025 Results
- Positive Sentiment: Capital returns and buybacks are intact — management generated ~ $1.3B free cash flow in Q4 and repurchased shares, supporting dividends and continued buybacks that reduce share count and underpin long‑term value. 3M Company page / MarketBeat
- Positive Sentiment: CEO credibility noted by commentators — some market voices (e.g., Jim Cramer coverage) welcomed CEO Bill Brown’s execution on turnaround steps, which may support investor confidence over time. Jim Cramer on 3M’s CEO
- Neutral Sentiment: Guidance is mixed — 2026 guidance calls for EPS of $8.50–$8.70 (midpoint ~ $8.60) and revenue around $25.3B; revenue guidance modestly exceeded consensus while EPS guidance sits essentially in line, producing no clear catalyst. 3M (MMM) Reports Q4 Earnings: What Key Metrics Have to Say
- Neutral Sentiment: Top-line growth uneven by segment and region — Industrial showed strength while Transportation and Consumer lagged; organic growth returned but is modest, implying selective exposure to cyclical recovery. 3M Q4 earnings recap
- Negative Sentiment: Market reaction: investors sold into the report — despite the EPS beat, the revenue miss and a conservative/uneventful outlook prompted a sizable intraday decline as traders sought clearer upside. 3M tops Q4 estimates but 2026 outlook sends shares lower
- Negative Sentiment: Perception of underwhelming profit guidance — several outlets highlight that management’s profit roadmap didn’t excite the market, convincing some investors to trim exposure until clearer acceleration appears. 3M Earnings Beat Wall Street Expectations. The Stock Drops Anyway.
Institutional Trading of 3M
Several institutional investors and hedge funds have recently bought and sold shares of MMM. WFA of San Diego LLC purchased a new position in shares of 3M in the 2nd quarter valued at approximately $61,000. Triumph Capital Management lifted its position in 3M by 6.8% during the third quarter. Triumph Capital Management now owns 1,565 shares of the conglomerate’s stock valued at $243,000 after buying an additional 100 shares during the period. American Trust boosted its holdings in shares of 3M by 28.4% during the 3rd quarter. American Trust now owns 1,743 shares of the conglomerate’s stock valued at $270,000 after buying an additional 385 shares in the last quarter. FWL Investment Management LLC lifted its position in 3M by 1,705.0% during the 3rd quarter. FWL Investment Management LLC now owns 1,805 shares of the conglomerate’s stock valued at $280,000 after acquiring an additional 1,705 shares during the period. Finally, Bison Wealth LLC boosted its stake in 3M by 10.2% during the fourth quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock worth $355,000 after acquiring an additional 255 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.
3M Company Profile
3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.
3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).