3M ($MMM) posted quarterly earnings results on Tuesday, April 22nd. The company reported earnings of $1.88 per share, beating estimates of $1.78 by $0.10. The company also reported revenue of $5,780,000,000, missing estimates of $5,814,695,149 by $-34,695,149.
You can see Quiver Quantitative's $MMM stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
3M Insider Trading Activity
3M insiders have traded $MMM stock on the open market 51 times in the past 6 months. Of those trades, 0 have been purchases and 51 have been sales.
Here’s a breakdown of recent trading of $MMM stock by insiders over the last 6 months:
- MICHAEL F ROMAN (Chairman of the Board) has made 0 purchases and 38 sales selling 94,874 shares for an estimated $14,345,461.
- KEVIN H RHODES (EVP, Chief Legal Off & Secret) sold 6,743 shares for an estimated $1,010,415
- CHRISTIAN T JR GORALSKI (Group President) sold 6,318 shares for an estimated $944,069
- JOHN PATRICK BANOVETZ (Executive Vice President) sold 4,798 shares for an estimated $726,249
- ZOE L DICKSON (EVP & Chief HR Officer) sold 3,634 shares for an estimated $542,957
- THERESA E REINSETH (Sr Vice President & CAO) has made 0 purchases and 4 sales selling 3,342 shares for an estimated $478,165.
- VICTORIA CLARKE (EVP & Chief Public Affairs Off) has made 0 purchases and 2 sales selling 1,750 shares for an estimated $269,878.
- RODRIGUEZ BEATRIZ KARINA CHAVEZ (Group President) has made 0 purchases and 3 sales selling 1,645 shares for an estimated $247,163.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
3M Hedge Fund Activity
We have seen 772 institutional investors add shares of 3M stock to their portfolio, and 970 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 1,520,619 shares (+51.6%) to their portfolio in Q4 2024, for an estimated $196,296,706
- MILLENNIUM MANAGEMENT LLC removed 1,472,085 shares (-54.6%) from their portfolio in Q4 2024, for an estimated $190,031,452
- BLACKROCK, INC. added 1,384,629 shares (+3.4%) to their portfolio in Q4 2024, for an estimated $178,741,757
- D1 CAPITAL PARTNERS L.P. added 1,356,493 shares (+inf%) to their portfolio in Q4 2024, for an estimated $175,109,681
- CAPITAL WORLD INVESTORS added 1,248,093 shares (+25.4%) to their portfolio in Q4 2024, for an estimated $161,116,325
- LEGAL & GENERAL GROUP PLC removed 1,217,402 shares (-26.0%) from their portfolio in Q4 2024, for an estimated $157,154,424
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 1,193,700 shares (-44.9%) from their portfolio in Q4 2024, for an estimated $154,094,733
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
3M Government Contracts
We have seen $98,076,596 of award payments to $MMM over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- INTEROPERABLE ECOSYSTEM FOR VIRTUAL CARE ENABLED WOUND MANAGEMENT RESEARCH: $20,087,478
- MANUFACTURE FK-800 COPOLYMER TO MEET THE FK-800 RESIN TO BE CERTIFIED IN MEETING THE PRODUCT SPECIFICATIONS...: $17,840,000
- HICBA ENCODER SOFTWARE AND ASSOCIATED SUPPORT: $12,611,676
- DEVELOP & DEMO ADVANCED FILM TECHNOLOGY: $5,995,783
- 3M CLINICAL SOFTWARE: $5,629,882
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
3M Congressional Stock Trading
Members of Congress have traded $MMM stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $MMM stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON purchased up to $15,000 on 03/12.
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 2 purchases worth up to $30,000 on 01/30, 01/21 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
3M Analyst Ratings
Wall Street analysts have issued reports on $MMM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 11/12/2024
To track analyst ratings and price targets for 3M, check out Quiver Quantitative's $MMM forecast page.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
