3M CompanyNYSE: MMM
Industrials · Industrial Conglomerates
$142.76
-2.57%
Vol: 2.9M
Research Digest
Friday, May 1, 2026
3M Q1 2026 adj EPS up 14% to $2.14; announces $1.95B Scott Safety acquisition with Bain Capital.
3M Q1 2026 sales $6.0B (+1.3% YoY) with adj sales +3.9% and adj EPS $2.14 (+14% YoY). Announced JV with Bain Capital to create leading fire and safety business by acquiring Madison Fire & Rescue for $1.95B, contributing Scott Safety and receiving $700M cash at closing while holding 50.1% stake. Transaction expected to close H2 2026. Returned $2.4B to shareholders. Deutsche Bank lowered PT to $171 from $181, Wells Fargo raised to $165 from $160.
Previous Market Intelligence
13 daysApr 303M reports Q1 2026 adjusted EPS of $2.14, up 14% year-over-year, while announcing major fire and safety business joint venture with Bain Capital.Mixed▶
3M reported Q1 2026 results with revenues of $6.0 billion, adjusted EPS of $2.14 (up 14% year-over-year), and adjusted operating margins of 23.8%. The company returned $2.4 billion to shareholders via dividends and buybacks. A major strategic move was announced: 3M will create a leading fire and safety business by acquiring Madison Fire & Rescue in a 50.1%-controlled joint venture with Bain Capital for $1.95 billion, expected to close in H2 2026. Deutsche Bank lowered its price target to $171 from $181 on April 22, 2026.
Apr 163M partners with Bain for Madison Fire & Rescue JV; expands AI data center capacityMixed▶
3M creating fire and safety business via Madison Fire & Rescue JV with Bain Capital (50.1% stake, $700M cash at closing H2 2026). Company expanding Expanded Beam Optical interconnect production for AI data center demand (2x+ capacity). Q1 dividend $0.78/share. Wells Fargo lowered target to $160 from $175; RBC maintains Sell. EPS growth 7.5% projected.
Apr 153M to create leading fire and safety business through Madison Fire & Rescue acquisition with Bain Capital; Q1 earnings due April 21.Positive▶
3M announced a $1.95B acquisition of Madison Fire & Rescue in partnership with Bain Capital, establishing a joint venture where 3M owns 50.1%. Additionally, 3M announced U.S. manufacturing expansion for Expanded Beam Optical technology to meet AI data center demand. Q1 2026 earnings call scheduled for April 21; analysts project 7.5% EPS growth with Hold consensus at $171.75 target price.
Apr 14Q1 earnings expected April 21; Citigroup cuts price target to $166; RBC downgrades to underperform at $125.Negative▶
3M announced Q1 2026 earnings call for April 21 with expected EPS of $2.02 (up 7.5% YoY). Citigroup downgraded from $175 to $166; RBC lowered from $136 to $125 with underperform rating on April 13. Wolfe Research remains optimistic at $186 with outperform. Recent Expanded Beam Optical initiatives for data center/AI demand provide upside.
Apr 133M forms Bain Capital joint venture for Scott Safety and announces AI data center expansion.Mixed▶
3M announced acquisition of Madison Fire & Rescue via joint venture with Bain Capital ($1.95B consideration). Company expanded U.S. manufacturing for EBO interconnect technology for AI data centers, more than doubling capacity. Q1 2026 earnings call set for April 21. Analysts project 8x Strong Buy vs 7x Hold ratings; average price target of $177.60. Faces headwinds from PFAS litigation.
Apr 103M announces Q1 2026 earnings call April 21 amid joint venture with Bain Capital on safety products.Positive▶
3M entered joint venture with Bain Capital via Madison Fire & Rescue acquisition to enhance safety and first responder focus. Expanding U.S. manufacturing for Expanded Beam Optical technology for data center AI demand. Stock at $149.17, up 3.34%. Q4 EPS of $1.83 beat $1.80 estimate. Q1 2026 earnings call April 21, 2026.
Apr 93M announces $1.95 billion Madison Fire & Rescue acquisition; AI innovation tools Ask 3M launched.Positive▶
3M announced a strategic partnership with Bain Capital to acquire Madison Fire & Rescue for $1.95 billion, creating a leading fire and safety business. 3M will contribute Scott Safety, receive $700 million cash at closing, and maintain 50.1% ownership while Bain holds 49.9%. At JPMorgan Industrials Conference (March 17), 3M outlined 3% organic growth target for 2026 and 25% operating margin goal by 2027. The company launched generative AI tool Ask 3M and expanded 3M Digital Materials Hub to accelerate customer-centric innovation and enable material design before physical prototyping. Q3 2025 revenue grew 3.5%, fastest pace in four years, with operating margin up 1.7 points to 24.7%. Q1 2026 earnings call scheduled for April 21, 2026, at 8 a.m. CT. Sales of products launched in past five years grew 30% in Q3. Board declared $0.78 per share quarterly dividend.
Apr 83M forms Bain joint venture while managing litigation headwindsPositive▶
3M Company formed a joint venture with Bain Capital to enhance its focus on safety and first responders sectors, acquiring Madison Fire & Rescue. The company faces PFAS litigation risks but maintains analyst optimism with 10.42% annual earnings growth projections and a 31.5% DCF undervaluation signal.
Apr 73M forms Bain Capital joint venture for fire/safety business, faces $10.3B PFAS settlementNeutral▶
3M announced formation of joint venture with Bain Capital to create leading fire and safety business by acquiring Madison Fire & Rescue. Considering expansion to double capacity for AI data center demand. Board declared $0.78 dividend for Q1 2026. Analysts expect $2.02 EPS for Q1 2026. However, company faces $10.3B settlement for PFAS contamination and $6B for combat earplugs litigation. Wells Fargo and Barclays lowered price targets on April 1.
Apr 63M announces $1.95B Madison Fire & Rescue acquisition and EBO production expansion for AI data centersMixed▶
3M announced a $1.95 billion acquisition of Madison Fire & Rescue in partnership with Bain Capital, with the transaction expected to close in second half 2026. 3M will expand U.S. manufacturing for its Expanded Beam Optical (EBO) interconnect technology, more than doubling production capacity to meet AI data center demand. Q4 2025 adjusted EPS reached $1.83, up 9% year-on-year, with the board declaring a dividend of $0.78 per share for Q1 2026. The company faces challenges with PFAS litigation and debt coverage while maintaining moderate analyst support.
Apr 33M secures $1.95B Bain Capital joint venture to acquire Madison Fire & Rescue; declares $0.78 quarterly dividend.Mixed▶
3M Company announced a strategic joint venture with Bain Capital to acquire Madison Fire & Rescue for $1.95 billion to enhance its safety product offerings. Board declared a $0.78 per share quarterly dividend for Q1 2026. In 2025, 3M reported revenue of $24.95 billion (up 1.52%) but earnings fell 22.12% to $3.25 billion.
Apr 23M acquiring Madison Fire & Rescue for $1.95B with Bain Capital joint venture; Q3 2025 revenue grew 3.5%, fastest in four years.Mixed▶
3M announced acquisition of Madison Fire & Rescue in a 50.1% joint venture with Bain Capital for $1.95B (expected to close H2 2026), contributing Scott Safety to the venture and receiving $700M cash at closing. Q3 2025 revenue grew 3.5% (fastest in four years) and operating margin increased 1.7 percentage points to 24.7%. Company announced major capacity expansion to meet AI data center demand. Board declared dividend of $0.78 per share. Recent analyst adjustments: Barclays maintains Overweight but lowered PT to $185; Wells Fargo lowered PT to $175.
Apr 13M announced creation of fire and safety business through acquisition of Madison Fire & Rescue in joint venture with Bain Capital.Mixed▶
3M announced a joint venture with Bain Capital to create a fire and safety business through acquisition of Madison Fire & Rescue. 3M will receive $700 million at closing and hold 50.1% ownership for total consideration of $1.95 billion. The company continues facing $6 billion in earplug settlements and $10.3 billion in PFAS lawsuit settlements.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| HONHONEYWELL | $212.56 | -0.83% | -6.1% | 18.7x | 0.92 | $135.8B |
| MMM3M | $142.76 | -2.57% | +1.4% | 15.5x | 1.16 | $76.4B |
| CATCATERPILLAR | $890.93 | +0.09% | +23.4% | 31.8x | 1.52 | $414.2B |
| GEGENERAL | $287.56 | -0.82% | +0.4% | 33.4x | 1.43 | $302.9B |
| GEVGE | $1,064.74 | -1.73% | +20.7% | 44.2x | 1.20 | $291.1B |
| RTXRTX | $174.46 | -0.91% | -11.3% | 23.3x | 0.43 | $237.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.