3M Co (MMM) Price

The P/E ratio of 3M Co is 19.3945

Mr. William Brown is the Chairman of the Board of 3M Co, joining the firm since 2024.

The current price of MMM is $155.17, it has decreased 0.12% in the last trading day.

3M Co belongs to Industrial Conglomerates industry and the sector is Industrials

3M Co's current market cap is $82.6B

According to wall street analysts, 20 analysts have made analyst ratings for 3M Co, including 5 strong buy, 10 buy, 6 hold, 2 sell, and 5 strong sell

Updated: 2025-09-18 07:08:05 UTC

Analyst sentiment is improving, but a wide target range shows deep division on the turnaround's success.

While the consensus recommendation is a "BUY," the dispersion in price targets is exceptionally wide, spanning from a low of $104.46 to a high of $196.35. This reflects a profound lack of agreement on the company's future. Bulls, like J.P. Morgan and UBS, are pricing in a successful turnaround, while bears, such as RBC Capital, remain skeptical due to litigation risks and macroeconomic headwinds.

The long-term trend is bullish, but short-term indicators suggest a potential pullback or consolidation phase.

3M's stock remains in a clear long-term uptrend, trading above its key 50-day and 200-day moving averages, currently at $154.20 and $145.70, respectively. However, short-term momentum is showing signs of weakness.

• MACD: The daily MACD indicator recently crossed below its signal line, with the histogram turning negative, signaling bearish momentum.
• RSI: The daily Relative Strength Index (RSI) has declined from nearly 60 to 50.26 over the past week, indicating weakening buying pressure.
• Support/Resistance: The stock is currently contending with a resistance level at $156.35. The nearest significant support level is at $150.43.

Active managers are divided, with significant new buys from JPMorgan offset by selling from other large funds.

Institutional investors hold a majority of 3M's shares, with ownership estimated between 65% and 76%. While a large portion is held by passive index funds, providing a stable base, recent activity from active managers reveals a debate on the company's prospects.

• Key Buyer: In the second quarter of 2025, JPMorgan Chase was a standout buyer, increasing its position by 50% with the addition of 13.8 million shares.
• Key Sellers: During the same period, major asset managers like BlackRock and Capital World Investors reduced their positions.
• Implication: This divergence suggests that while some conviction buyers are betting on the turnaround, the broader "smart money" consensus is not yet fully formed.

Persistent selling by executives and mixed congressional trading suggest a lack of strong insider conviction.

Insider transaction data over the past two years is characterized by consistent selling from senior executives, with no significant open-market purchases to offset the dispositions. While the new CEO, William Brown, has not engaged in open-market transactions, the pattern from other insiders is clear. Recent congressional filings from July and August 2025 show sales by Representatives Julie Johnson, Val Hoyle, and Ro Khanna, adding to the sentiment of insider profit-taking.

Volume analysis shows a shift to accumulation, but low share turnover implies a passive long-term holder base.

On-Balance Volume (OBV), which tracks momentum by relating volume to price change, has reversed sharply from a steep decline, indicating that recent price increases have been supported by significant buying volume. Despite this positive sign of accumulation, the stock's daily share turnover rate remains a modest 0.56%. This low turnover suggests that while new buyers are actively entering, a large portion of the shareholder base consists of passive or long-term holders, and the stock is not a high-velocity trading vehicle.

Several key catalysts could materially impact 3M's stock price and narrative in the coming months.

3M is at a critical juncture. The technical picture and analyst sentiment have turned positive, supporting a compelling turnaround narrative under new leadership. This optimism is tempered by weakening short-term momentum, persistent insider selling, and a deeply divided institutional view on valuation. The stock's future trajectory now depends almost entirely on management's ability to execute its restructuring plan while navigating lingering legal and macroeconomic risks.