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3M Stock Price, Forecast & Analysis (NYSE:MMM)

$171.88
+0.95 (+0.56 %)
(As of 11/18/2019 08:56 AM ET)
Today's Range
$171.04
Now: $171.88
$172.69
50-Day Range
$151.25
MA: $164.50
$174.75
52-Week Range
$150.58
Now: $171.88
$219.75
Volume2.03 million shs
Average Volume2.68 million shs
Market Capitalization$98.84 billion
P/E Ratio16.43
Dividend Yield3.37%
Beta1.1
3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. Read More…

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryIndustrial Conglomerates
SectorMulti-Sector Conglomerates
CUSIP88579Y10
Phone651-733-1110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$32.77 billion
Cash Flow$13.44 per share
Book Value$18.72 per share

Profitability

Net Income$5.35 billion

Miscellaneous

Employees93,516
Market Cap$98.84 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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3M (NYSE:MMM) Frequently Asked Questions

What is 3M's stock symbol?

3M trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMM."

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

3M declared a quarterly dividend on Tuesday, November 12th. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.44 per share on Thursday, December 12th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, November 21st. View 3M's Dividend History.

How will 3M's stock buyback program work?

3M announced that its Board of Directors has authorized a share repurchase program on Tuesday, November 13th 2018, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) released its quarterly earnings data on Thursday, October, 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.09. The conglomerate earned $7.99 billion during the quarter, compared to analysts' expectations of $8.20 billion. 3M had a return on equity of 54.02% and a net margin of 15.48%. The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 earnings per share. View 3M's Earnings History.

When is 3M's next earnings date?

3M is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for 3M.

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

3M updated its fourth quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share guidance of $2.05-2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.37.

What price target have analysts set for MMM?

12 analysts have issued 12 month target prices for 3M's shares. Their forecasts range from $143.00 to $194.00. On average, they expect 3M's stock price to reach $174.82 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price. View Analyst Price Targets for 3M.

What is the consensus analysts' recommendation for 3M?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 3 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 3M.

Has 3M been receiving favorable news coverage?

News headlines about MMM stock have trended very negative recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. 3M earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the conglomerate a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term. View News Stories for 3M.

Who are some of 3M's key competitors?

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), Cisco Systems (CSCO), Intel (INTC), Procter & Gamble (PG), Boeing (BA), Exxon Mobil (XOM), Walt Disney (DIS), Home Depot (HD) and Alibaba Group (BABA).

Who are 3M's key executives?

3M's management team includes the folowing people:
  • Mr. Inge G. Thulin, Exec. Chairman (Age 65)
  • Mr. Michael F. Roman, CEO & Director (Age 59)
  • Mr. Nicholas C. Gangestad, Sr. VP & CFO (Age 54)
  • Mr. Ippocratis Vrohidis, VP, Corp. Controller & Chief Accounting Officer (Age 52)
  • Dr. John P. Banovetz, Sr. VP of R&D & CTO (Age 51)

Who are 3M's major shareholders?

3M's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (1.92%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), California Public Employees Retirement System (0.23%), Rhumbline Advisers (0.19%), New York State Teachers Retirement System (0.15%) and Keybank National Association OH (0.11%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Frank R Jr Little, Gregory R Page, Hak Cheol Shin, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Khandpur K Ashish, Michael F Roman, Michael G Vale, Nicholas C Gangestad, Paul A Keel and Ty R Silberhorn. View Institutional Ownership Trends for 3M.

Which major investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Dearborn Partners LLC, Retirement Systems of Alabama, First Trust Advisors LP, AMF Pensionsforsakring AB, Keybank National Association OH, Klingenstein Fields & Co. LLC and BB&T Securities LLC. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Khandpur K Ashish, Michael G Vale, Nicholas C Gangestad, Paul A Keel and Ty R Silberhorn. View Insider Buying and Selling for 3M.

Which major investors are buying 3M stock?

MMM stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Massachusetts Financial Services Co. MA, Ardevora Asset Management LLP, Commerzbank Aktiengesellschaft FI, OLD Republic International Corp, Assenagon Asset Management S.A., Gradient Investments LLC and Bartlett & Co. LLC. Company insiders that have bought 3M stock in the last two years include David B Dillon and Gregory R Page. View Insider Buying and Selling for 3M.

How do I buy shares of 3M?

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

What is 3M's stock price today?

One share of MMM stock can currently be purchased for approximately $171.88.

How big of a company is 3M?

3M has a market capitalization of $98.84 billion and generates $32.77 billion in revenue each year. The conglomerate earns $5.35 billion in net income (profit) each year or $10.46 on an earnings per share basis. 3M employs 93,516 workers across the globe.View Additional Information About 3M.

What is 3M's official website?

The official website for 3M is http://www.3m.com/.

How can I contact 3M?

3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The conglomerate can be reached via phone at 651-733-1110.


MarketBeat Community Rating for 3M (NYSE MMM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  729 (Vote Outperform)
Underperform Votes:  860 (Vote Underperform)
Total Votes:  1,589
MarketBeat's community ratings are surveys of what our community members think about 3M and other stocks. Vote "Outperform" if you believe MMM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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