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NYSE:MMM

3M (MMM) Stock Price, News & Analysis

$103.18
-2.03 (-1.93%)
(As of 05/21/2024 ET)
Today's Range
$102.65
$105.03
50-Day Range
$90.54
$108.10
52-Week Range
$71.12
$106.04
Volume
4.60 million shs
Average Volume
5.73 million shs
Market Capitalization
$57.10 billion
P/E Ratio
N/A
Dividend Yield
5.85%
Price Target
$107.55

3M MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
4.2% Upside
$107.55 Price Target
Short Interest
Healthy
1.75% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.89
Upright™ Environmental Score
News Sentiment
0.43mentions of 3M in the last 14 days
Based on 27 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.30%
From $7.23 to $7.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.93 out of 5 stars

Multi-Sector Conglomerates Sector

5th out of 17 stocks

Surgical & Medical Instruments Industry

28th out of 100 stocks

MMM stock logo

About 3M Stock (NYSE:MMM)

Since its inception in 1902, 3M (originally Minnesota Mining and Manufacturing Company) has become one of the world's most successful companies. From its humble beginnings in Two Harbors, Minnesota, 3M has become an American multinational conglomerate that operates in the worker safety, U.S. health care and consumer goods industries.

Today, 3M, headquartered in Maplewood, Minnesota, produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films. 

In 2021, 3M reported total sales of $35.4 billion and ranked 102 on the Fortune 500 list of the largest United States corporations by total revenue. The company had approximately 95,000 employees and operations in over 70 countries in 2021.

3M has been a leader in innovation since its inception. In 1924, 3M obtained its first patent and launched its Pollution Prevention Pays program. Through this program, 3M reduced releases of toxic pollutants by 99% and greenhouse gas emissions by 72%. 3M has also earned the United States Environmental Protection Agency's Energy Star Award.

In 1947, 3M began producing perfluorooctanoic acid (PFOA) by electrochemical fluorination. In 1951, DuPont purchased PFOA from 3M for use in the manufacturing of Teflon. In 1952, Patsy Sherman and Samuel Smith discovered the original formula for Scotchgard, a water-repellent applied to fabrics. In the late 1950s, 3M produced the first asthma inhaler. 3M entered the pharmaceutical industry in the mid-1960s by acquiring Riker Laboratories. In the mid-1990s, 3M Pharmaceuticals made the first CFC-free asthma inhaler.

In 2000, 3M began phasing out perfluoro sulfonic acid (PFOS), perfluorooctanoic acid and PFOS-related products. In 2010, the state of Minnesota sued 3M for $5 billion in punitive damages. In 2018, the company settled the case with $850 million. The settlement included a commitment to spend $35 million on research, monitoring, and education to help protect and restore natural resources. 

In 2016, 3M completed a 400,000-square-foot research-and-development building that cost $150 million on its Maplewood campus. In 2017, 3M reported net sales of $31.657 billion. In 2020, 3M divested its drug delivery business to an affiliate of Altaris Capital Partners LLC, for approximately $650 million. In 2021, 3M merged its food-safety business with food testing and animal healthcare maker Neogen. 

Recently, 3M has been in the news for producing PFAS, or "forever chemicals." These chemicals make coatings and products that resist grease, heat, water and oil. Recent studies have suggested that these chemicals are far more hazardous to human health than previously thought. In response, 3M has announced that it will be phasing out PFAS in its products by the end of 2025, which should hit the company between $1.3 and $2.3 billion in the coming years.

3M has also been in the news due to its perfluoroethane (CF4) emissions from its chemical plant in Cordova, Illinois. The CF4 is 7,380 times more potent than carbon dioxide as a greenhouse gas and remains in the atmosphere for 50,000 years. 3M has agreed to meet the EPA's hazardous waste incineration standards and reduce its CF4 emissions by 99.95%.




MMM Stock Price History

MMM Stock News Headlines

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The way the market has been behaving lately—well, saying it is a minefield would be an understatement. Investors may have gotten—wrongfully—used to the easy money days of 2020-2022, when the Federal Reserve (the Fed) was forced to cut interest rates to near zero as a result of the COVID-19 pandemic.
3M (NYSE:MMM) Earns Buy Rating from Analysts at StockNews.com
3M (NYSE:MMM) Stock Price Up 0.6%
What Is the Dividend Payout for 3M Stock?
3M (NYSE:MMM) Rating Increased to Buy at Vertical Research
Vertical Research Upgrades 3M (MMM)
The 3M Dividend Cut Is Here. It's Big.
3M (NYSE:MMM) Coverage Initiated at StockNews.com
3M Board Declares Quarterly Dividend
3M Announces Upcoming Investor Event
3M (NYSE:MMM) Lifted to Buy at HSBC
3M: Buy, Sell, or Hold?
HSBC Upgrades 3M (MMM)
See More Headlines
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Company Calendar

Ex-Dividend for 3/12 Dividend
2/15/2024
Dividend Payable
3/12/2024
Last Earnings
4/30/2024
Today
5/21/2024
Ex-Dividend for 6/12 Dividend
5/23/2024
Dividend Payable
6/12/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
Industrial Conglomerates
CUSIP
88579Y10
Employees
85,000
Year Founded
1902

Price Target and Rating

Average Stock Price Target
$107.55
High Stock Price Target
$140.00
Low Stock Price Target
$87.00
Potential Upside/Downside
+4.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$-6,995,000,000.00
Pretax Margin
-29.52%

Debt

Sales & Book Value

Annual Sales
$32.68 billion
Cash Flow
$12.61 per share
Book Value
$8.81 per share

Miscellaneous

Free Float
551,258,000
Market Cap
$57.10 billion
Optionable
Optionable
Beta
1.00

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MMM Stock Analysis - Frequently Asked Questions

Should I buy or sell 3M stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MMM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MMM, but not buy additional shares or sell existing shares.
View MMM analyst ratings
or view top-rated stocks.

What is 3M's stock price target for 2024?

12 brokers have issued twelve-month price targets for 3M's shares. Their MMM share price targets range from $87.00 to $140.00. On average, they anticipate the company's share price to reach $107.55 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for MMM
or view top-rated stocks among Wall Street analysts.

How have MMM shares performed in 2024?

3M's stock was trading at $109.32 at the beginning of 2024. Since then, MMM stock has decreased by 5.6% and is now trading at $103.18.
View the best growth stocks for 2024 here
.

When is 3M's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our MMM earnings forecast
.

How were 3M's earnings last quarter?

3M (NYSE:MMM) posted its quarterly earnings data on Tuesday, April, 30th. The conglomerate reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.10 by $0.29. The conglomerate had revenue of $8 billion for the quarter, compared to analysts' expectations of $7.64 billion. 3M had a negative net margin of 21.57% and a positive trailing twelve-month return on equity of 95.80%. During the same quarter last year, the company earned $1.97 earnings per share.
Read the conference call transcript
.

How often does 3M pay dividends? What is the dividend yield for 3M?

3M announced a quarterly dividend on Tuesday, May 14th. Investors of record on Friday, May 24th will be given a dividend of $0.70 per share on Wednesday, June 12th. This represents a $2.80 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, May 23rd.
Read our dividend analysis for MMM
.

Is 3M a good dividend stock?

3M (NYSE:MMM) pays an annual dividend of $6.04 per share and currently has a dividend yield of 5.74%. MMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MMM.

What guidance has 3M issued on next quarter's earnings?

3M updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of 6.800-7.300 for the period, compared to the consensus EPS estimate of 7.000. The company issued revenue guidance of -.

What is Mike Roman's approval rating as 3M's CEO?

385 employees have rated 3M Chief Executive Officer Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among the company's employees.

What other stocks do shareholders of 3M own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Intel (INTC), Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Pfizer (PFE).

Who are 3M's major shareholders?

3M's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.94%), Bank of New York Mellon Corp (0.82%), Nuance Investments LLC (0.66%), Nordea Investment Management AB (0.39%), Price T Rowe Associates Inc. MD (0.38%) and ProShare Advisors LLC (0.36%). Insiders that own company stock include Denise R Rutherford, Eric D Hammes, Eric D Hammes, Jeffrey R Lavers, John Patrick Banovetz, Kevin H Rhodes, Khandpur K Ashish, Khandpur K Ashish, Michael F Roman, Michael G Vale, Mojdeh Poul, Rodriguez Beatriz Karin Chavez, Theresa E Reinseth and Zoe L Dickson.
View institutional ownership trends
.

How do I buy shares of 3M?

Shares of MMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does 3M have any subsidiaries?
The following companies are subsidiares of 3M: 3M Asia Holding B.V., 3M Asia Pacific UK Holding Ltd, 3M Asset Management S.a.r.l., 3M Australia Pty. Ltd., 3M Belgium bvba/sprl, 3M Canada Company - Compagnie 3M Canada, 3M China Limited, 3M Deutschland GmbH, 3M EMEA GmbH, 3M Espana S.L., 3M Financial Management Company, 3M France S.A.S., 3M Global Capital S.a.r.l., 3M Global Channel Services Inc., 3M Health Information Systems Inc., 3M Holding Company B.V., 3M Hong Kong Limited, 3M ITALIA s.r.l., 3M India Limited, 3M Innovation Singapore Pte. Ltd., 3M Innovative Properties Company, 3M Interamerica Inc., 3M Intermediate Acquisitions B.V., 3M International Group B.V., 3M International Holding B.V., 3M International Investments B.V., 3M International Trading (Shanghai) Co. Ltd., 3M Investments (China) Co. Ltd., 3M Japan Holdings G.K., 3M Japan Innovation Limited, 3M Japan Limited, 3M Japan Products Limited, 3M Korea Co. Ltd, 3M Manaus Industria de Produtos Quimicos Ltda., 3M Material Technology (Suzhou) Co. Ltd., 3M Mexico Sociedad Anonima de Capital Variable, 3M Occupational Safety LLC, 3M Panama Pacifico S. de R.L., 3M Poland Manufacturing Sp. z.o.o., 3M Precision Grinding GmbH, 3M Products Limited, 3M Purification Inc., 3M Purification SAS, 3M Real Estate GmbH & Co KG, 3M Singapore Pte. Ltd., 3M Specialty Materials (Shanghai) Co. Ltd., 3M Svenska Aktiebolag, 3M Taiwan Limited, 3M Taiwan Optronics Corporation, 3M Technical Ceramics Inc., 3M Thailand Limited, 3M UK Holdings Limited, 3M United Kingdom Public Limited Company, 3M Unitek Corporation, 3M West Europe B.V., 3M Wroclaw spolka z ograniczona odpowiedzialnoscia, 3M do Brasil Ltda., ABRASIVOS, Abzil Industria e Comercio, Accuspray Application Technologies, Ace, Acelity, Acelity Inc., Acolyte Biomedica, Advanced Chemistry & Technology, Aearo Holding LLC, Aearo Intermediate LLC, Aearo LLC, Aearo Technologies, Aearo Technologies LLC, Aerion Supersonic, Alpha Beta Global Tapes And Adhesives Co, Alpha Beta Global Tapes and Adhesives Co. Ltd., Archon Technologies, Arizant, Attenti, Avery Dennison - consumer products business, Biotrace International, Bondo, Brontes Technologies, CUNO, Capital Safety, Capital Safety Acquisitions Limited, Capital Safety Global Holdings Limited, Capital Safety Group Canada ULC, Capital Safety Group EMEA, Capital Safety North America Holdings Inc., Capital Safety North America Intermediate Holdings LLC, Ceradyne, Chiron Holdings Inc., CodeRyte, Cogent Systems, Credence Technologies, D B Industries LLC, DMS Chile, Dailys, Diamond Productions, Dyneon GmbH, E Wood Holdings, EMFI SAS, Elution Technologies, Faab Fabricauto, Federal Signal Technologies, Food Diagnostics, Futuro, General Industrial Diamond Company, Grafoplast, HighJump Software, Hornell International, Hybrivet Systems, IMTEC Corp., Incavas Industria de Cabos e Vassouras, Ivera Medical, J.R. Phoenix, JJ Converting, K&H Surface Technologies, KCI Cayman Holdings, KCI Cayman Holdings II, KCI Europe Holding B.V., KCI Holding Company Inc., KCI International Inc., KCI Licensing Inc., KCI Manufacturing Unlimited Company, KCI UK Holdings Limited, KCI USA Inc., Kinetic Concepts Inc., Les Entreprises Solumed, Ligacon, Ligacon - Filtration Supplier, Lingualcare, M Modal, MModal IP LLC, MModal LLC, MModal MQ Inc., MModal Services Ltd., MTI PolyFab, Medical Holdings Limited, Meguiar's Inc., Meguiar’s, Mercury Online Solutions, Nida-Core, Nylonge, OMNII Oral Pharmaceuticals, Original Wraps, Polyfoam Products, Polypore (Separations Media Business), Powel, Quest Technologies, Robinson Nugent, Rochford Thompson Equipment, Ross Reels, SAPO S.A.S, SBG, SCC Products Inc., Scott Health & Safety Limited, Scott Safety, Scott Technologies Inc., Security Printing and Systems Limited, Semfinder, SoftMed Systems, Solvay Fluoropolymers, Standard Abrasives, Systagenix Wound Management B.V., Systagenix Wound Management Limited, Systagenix Wound Management Mezz B.V., TOP-Service für Lingualtechnik, Treo Solutions, Unifam, and Venture Tape.
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This page (NYSE:MMM) was last updated on 5/21/2024 by MarketBeat.com Staff

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