Sen. Tina Smith reported selling as much as $100,000 worth of shares in industrial giant MMM, the diversified manufacturer behind products ranging from Scotch tape to advanced industrial materials.
The Minnesota Democrat disclosed the transaction in a periodic filing covering trades made on March 31, 2026. The sale fell within the $50,000–$100,000 reporting range required by federal disclosure rules, implying an estimated midpoint value of about $75,000.
The transaction was listed under a spouse account, according to the filing. Smith has reported 41 total stock trades during her congressional career.
Details of the trade
- Date: March 31, 2026
- Action: Sell
- Asset: 3M Company (NYSE: MMM)
- Reported value: $50,000–$100,000
- Owner: Spouse
Members of Congress are required under the STOCK Act to disclose securities transactions within 45 days. The law is intended to provide transparency into lawmakers’ personal financial activity and guard against insider trading.
3M under pressure from litigation and restructuring
3M remains one of the largest diversified industrial companies in the United States, with a market capitalization of about $79.5 billion. The company manufactures adhesives, abrasives, safety equipment, electronics materials, and a wide array of consumer products sold globally.
Shares recently traded around $150.96, compared with a 52‑week range of $121.98 to $177.41.
Investors have closely tracked 3M’s financial outlook as the company navigates significant legal liabilities tied to PFAS chemicals—often called “forever chemicals”—as well as long‑running litigation involving military earplugs supplied to the U.S. military. At the same time, the company has been reshaping its business portfolio and recently completed a major healthcare spinoff, a move designed to streamline operations and unlock value.
Because of its broad industrial footprint, 3M is often viewed as a bellwether for global manufacturing and construction activity. The company sells into sectors ranging from automotive production to consumer retail, giving the stock exposure to multiple economic cycles.
A widely held stock on Capitol Hill
3M has long been popular among congressional investors. According to public disclosures, at least 30 lawmakers have reported trading the company’s shares.
That level of activity reflects both the company’s prominence in U.S. industry and its long history as a blue‑chip dividend payer. Like many large industrial conglomerates, 3M has historically attracted investors seeking stable cash flow and broad exposure to manufacturing demand.
Smith’s disclosure adds to the stream of latest congressional trades that shed light on how lawmakers and their families manage investment portfolios while serving in office.
The Minnesota senator serves on several committees, including the Senate Committee on Banking, Housing, and Urban Affairs and the Senate Committee on Finance, panels that regularly oversee economic policy and corporate regulation affecting large public companies.
Her latest filing indicates the household reduced its position in 3M near the middle of the company’s recent trading range, though congressional disclosures do not reveal the exact price received or the precise number of shares sold.