3M (MMM) Stock Price, News & Analysis

$92.02
-0.98 (-1.05%)
(As of 04/24/2024 ET)
Today's Range
$91.42
$93.23
50-Day Range
$90.54
$108.10
52-Week Range
$71.12
$95.67
Volume
3.77 million shs
Average Volume
5.78 million shs
Market Capitalization
$50.92 billion
P/E Ratio
N/A
Dividend Yield
6.56%
Price Target
$104.00

3M MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.0% Upside
$104.00 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.89
Upright™ Environmental Score
News Sentiment
0.51mentions of 3M in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$39,328 Sold Last Quarter
Proj. Earnings Growth
6.86%
From $7.87 to $8.41 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.

4.68 out of 5 stars

Multi-Sector Conglomerates Sector

1st out of 15 stocks

Surgical & Medical Instruments Industry

12th out of 96 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

3M Spun Off Its Health Division, Is It Still A Buy?
Investors woke up this week to find shares of 3M NYSE: MMM trade lower by roughly 20%. What seemed to be a recovery is now a scary environment for 3M shareholders.
3M (NYSE:MMM) Lifted to Strong-Buy at StockNews.com
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Most people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively…
3M (MMM) Set to Announce Earnings on Tuesday
3M Co DRC (MMM)
3M (NYSE:MMM) Trading 0.4% Higher
A new way to collect income from stocks
Most people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively…
3M (NYSE:MMM) Given Average Rating of "Hold" by Brokerages
Ask the Experts: Stock Options vs. RSUs
3M (NYSE:MMM) Upgraded to "Strong-Buy" at StockNews.com
3M Announces Upcoming Investor Event
Why Shares in 3M Soared in March
Why 3M Stock Was Moving Higher Today
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 3/12 Dividend
2/15/2024
Dividend Payable
3/12/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/30/2024
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
$104.00
High Stock Price Target
$115.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+13.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$-6,995,000,000.00
Pretax Margin
-29.64%

Debt

Sales & Book Value

Annual Sales
$32.68 billion
Cash Flow
$12.78 per share
Book Value
$8.81 per share

Miscellaneous

Free Float
551,258,000
Market Cap
$50.92 billion
Optionable
Optionable
Beta
1.02

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Key Executives


MMM Stock Analysis - Frequently Asked Questions

Should I buy or sell 3M stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

10 analysts have issued 1 year target prices for 3M's stock. Their MMM share price targets range from $78.00 to $115.00. On average, they predict the company's stock price to reach $104.00 in the next twelve months. This suggests a possible upside of 13.0% 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 15.8% and is now trading at $92.02.
View the best growth stocks for 2024 here
.

Are investors shorting 3M?

3M saw a drop in short interest in March. As of March 31st, there was short interest totaling 7,120,000 shares, a drop of 43.7% from the March 15th total of 12,650,000 shares. Based on an average trading volume of 5,350,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.4% of the shares of the company are sold short.
View 3M's Short Interest
.

When is 3M's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our MMM earnings forecast
.

How can I listen to 3M's earnings call?

3M will be holding an earnings conference call on Tuesday, April 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were 3M's earnings last quarter?

3M (NYSE:MMM) announced its quarterly earnings results on Tuesday, January, 23rd. The conglomerate reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.11. The conglomerate earned $8.01 billion during the quarter, compared to analyst estimates of $7.69 billion. 3M had a negative net margin of 21.40% and a positive trailing twelve-month return on equity of 62.45%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 EPS.
Read the conference call transcript
.

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

3M declared a quarterly dividend on Tuesday, February 6th. Shareholders of record on Friday, February 16th will be paid a dividend of $1.51 per share on Tuesday, March 12th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date is Thursday, February 15th. This is an increase from the stock's previous quarterly dividend of $1.50.
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 6.52%. 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 first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of 2.000-2.150 for the period, compared to the consensus EPS estimate of 2.080. The company issued revenue guidance of $7.6 billion-$7.6 billion, compared to the consensus revenue estimate of $7.6 billion.

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 Sumitomo Mitsui Trust Holdings Inc. (0.34%), Los Angeles Capital Management LLC (0.15%), Raymond James & Associates (0.13%), Parsons Capital Management Inc. RI (0.09%), Verity & Verity LLC (0.08%) and Raymond James Financial Services Advisors Inc. (0.07%). Insiders that own company stock include Denise R Rutherford, Eric D Hammes, Eric D Hammes, Ivan K Fong, 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, 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 4/25/2024 by MarketBeat.com Staff

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