3M Company $MMM Shares Sold by Envestnet Asset Management Inc.

• Envestnet Asset Management cut its 3M stake 3.1% in Q2, holding 280,972 shares worth $45.5M • 3M beat Q2 EPS estimates ($2.40 vs $2.25 expected) with revenue of $6.50 billion • Analysts hold a consensus 'Hold' rating on MMM with an average price target of $181.21 Envestnet Asset Management Inc. reduced its stake in 3M Company (NYSE: MMM) by 3.1% in the second quarter, selling 8,957 shares to leave it with 280,972 shares valued at $45.49 million, per a recent SEC 13F filing. Other institutional moves included State Street Corp raising its stake 0.4% to 27.8 million shares worth over $4.5 billion, while MAC Alpha Capital Management, Security National Bank of SO Dak, Reynders McVeigh Capital Management, and Bullseye Investment Management all opened new positions. Institutional investors collectively own 65.25% of 3M's stock. In insider activity, Karin Chavez sold 3,635 shares on August 5th at an average price of $182.51, a transaction worth $663,423.85 that reduced her stake by 20.57% to 14,035 shares. Corporate insiders own 0.19% of the company. MMM shares opened at $169.37, with a market cap of $87.35 billion, a P/E ratio of 30.08, and a beta of 1.01. The stock's 52-week range is $139.34 to $184.90. 3M reported Q2 earnings of $2.40 per share on July 21st, beating estimates of $2.25, with revenue of $6.50 billion versus a $6.40 billion consensus — up 2.5% year-over-year. The company guided FY2026 EPS to $8.80-$8.95, while analysts forecast $8.96 for the current year. 3M also paid a quarterly dividend of $0.78 per share on September 11th, equating to a $3.12 annualized dividend and a 1.8% yield, with a payout ratio of 55.42%. Analyst sentiment is mixed: Wells Fargo initiated coverage with an 'equal weight' rating and $195 target; Wolfe Research reaffirmed 'outperform'; Deutsche Bank maintained 'hold' with a $192 target; Citigroup raised its target to $183 with a 'neutral' rating; and Weiss Ratings upgraded 3M to 'buy (b)'. Overall, seven analysts rate it Buy, seven Hold, and one Sell, with a consensus 'Hold' rating and $181.21 average price target. 3M, founded in 1902 and headquartered in St. Paul, Minnesota, makes industrial, safety, electronics, and consumer products, including Post-it Notes and Scotch brand items.