3m EVP John Banovetz sells $1.34m in company stock By Investing.com

John Patrick Banovetz, Executive Vice President at 3M Co (), recently sold shares of the company’s common stock. The transaction, reported on July 23, 2026, involved the sale of 7,880 shares at a price of $170.44 per share, totaling approximately $1,343,067.

This sale followed the exercise of 7,880 non-qualified stock options, which allowed Mr. Banovetz to acquire common stock at an exercise price of $154.69 per share, totaling $1,218,957. These options were exercisable as of February 7, 2018, and had an expiration date of February 6, 2027.The sale comes as 3M stock trades near $169.59, showing a strong 15.7% gain over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. The company has maintained dividend payments for 56 consecutive years, one of 8+ InvestingPro Tips available to subscribers. For deeper insights, investors can access 3M’s comprehensive Pro Research Report, available for this and 1,400+ other US equities.

Following these transactions, Mr. Banovetz directly owns 50,056.816 shares of 3M common stock. The reported shares include those acquired under 3M’s General Employee Stock Purchase Plan and dividend share equivalents accrued quarterly pursuant to 3M’s Deferred Compensation Plan.

In other recent news, 3M Co. reported second-quarter earnings that surpassed Wall Street expectations, posting adjusted earnings of $2.40 per share on revenue of $6.5 billion. This performance exceeded analysts’ estimates of $2.24 per share and $6.4 billion in revenue, leading the company to raise its full-year outlook. UBS responded to these results by raising its price target for 3M shares to $218 from $190, maintaining a Buy rating due to the company’s significant organic growth acceleration. Mizuho also adjusted its price target, increasing it to $180 from $160, citing stronger-than-expected results and an organic growth rate of 5.4%. Meanwhile, Bernstein raised its price target to $145 from $140, highlighting 3M’s strong second-quarter performance and adjusted margins of 24.9%, which were above the consensus. These developments reflect a broader positive sentiment among analysts regarding 3M’s recent performance and future prospects.

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