Baldwin Wealth Partners LLC MA Has $819,000 Stock Holdings in 3M (NYSE:MMM)

Baldwin Wealth Partners LLC MA increased its stake in shares of 3M (NYSE:MMM) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,348 shares of the conglomerate’s stock after acquiring an additional 180 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in 3M were worth $819,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MMM. Public Sector Pension Investment Board raised its position in 3M by 75.0% during the second quarter. Public Sector Pension Investment Board now owns 21,380 shares of the conglomerate’s stock worth $2,185,000 after acquiring an additional 9,160 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 3M by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 401,554 shares of the conglomerate’s stock valued at $41,035,000 after purchasing an additional 11,368 shares during the period. Bontempo Ohly Capital Mgmt LLC grew its holdings in 3M by 3.5% during the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 23,680 shares of the conglomerate’s stock worth $2,420,000 after purchasing an additional 808 shares during the period. Creative Planning increased its position in 3M by 7.5% during the second quarter. Creative Planning now owns 151,763 shares of the conglomerate’s stock worth $15,509,000 after buying an additional 10,599 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of 3M by 15.1% in the second quarter. NewEdge Advisors LLC now owns 62,500 shares of the conglomerate’s stock valued at $6,387,000 after buying an additional 8,220 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMM has been the topic of a number of recent analyst reports. Bank of America boosted their target price on 3M from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group upgraded shares of 3M from a “neutral” rating to a “buy” rating and raised their target price for the stock from $130.00 to $184.00 in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated an “underperform” rating and issued a $96.00 price target on shares of 3M in a research note on Wednesday, January 22nd. Citigroup raised their price objective on shares of 3M from $142.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Mizuho upped their target price on 3M from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, 3M presently has an average rating of “Moderate Buy” and an average price target of $148.87.

3M Stock Up 1.2 %

NYSE MMM opened at $151.22 on Monday. 3M has a fifty-two week low of $75.40 and a fifty-two week high of $152.08. The business has a fifty day moving average price of $132.83 and a two-hundred day moving average price of $129.55. 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 stock has a market capitalization of $82.35 billion, a PE ratio of 20.02, a PEG ratio of 2.46 and a beta of 0.95.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.02. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5,770,390 billion. 3M had a return on equity of 100.77% and a net margin of 15.71%. 3M’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.42 EPS. Equities analysts expect that 3M will post 7.66 earnings per share for the current fiscal year.

3M Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, November 15th. 3M’s dividend payout ratio is 37.09%.

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.