NYSE:MMM3M Stock Price, Forecast & News

$156.44

-0.38 (-0.24 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$153.05

Now: $156.44▼

$156.87

50-Day Range

$135.99

MA: $147.06▼

$158.15

52-Week Range

$114.04

Now: $156.44▼

$187.72

Volume8.63 million shs

Average Volume4.51 million shs

Market Capitalization$89.98 billion

P/E Ratio18.36

Dividend Yield3.75%

Beta0.99

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. The company's Health Care segment offers medical and surgical supplies, skin health and infection prevention products, drug delivery and health information systems, dental and orthodontic products, and food safety products. Its Electronics and Energy segment provides optical films, packaging and interconnection devices, insulating and splicing solutions, touch screens and monitors, renewable energy component solutions, and infrastructure protection products. The company's Consumer segment offers consumer and office tapes and adhesives, repositionable notes, indexing systems, home improvement products, furnace filters, painter tapes, mounting and home care products, sponges, scouring pads, high-performance clothes, protective material products, and adhesive bandages and braces. It also provides cloud-based, conversational artificial intelligence-powered systems. It serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
3M has received a consensus rating of Hold. The company's average rating score is 1.92, and is based on 2 buy ratings, 7 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $164.25, 3M has a potential upside of 5.0% from its current price of $156.44.
Amount of Analyst Coverage
3M has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
3M has received 843 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
3M has received 893 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
3M has received 51.44% “underperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
3M is a leading dividend payer. It pays a dividend yield of 3.75%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
3M has been increasing its dividend for 61 years.
Dividend Coverage
The dividend payout ratio of 3M is 64.62 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, 3M will have a dividend payout ratio of 67.28 % next year. This indicates that 3M will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, 3M insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,930,874.00 in company stock.
Percentage Held by Insiders
Only 0.42% of the stock of 3M is held by insiders.
Percentage Held by Institutions
66.02% of the stock of 3M is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for 3M are expected to grow by 10.35% in the coming year, from $7.92 to $8.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 3M is 18.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of 3M is 18.36, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 12.59.
Price to Earnings Growth Ratio
3M has a PEG Ratio of 2.10. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
3M has a P/B Ratio of 8.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.20 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Surgical & medical instruments

Sub-IndustryIndustrial Conglomerates

SectorMulti-Sector Conglomerates

Current SymbolNYSE:MMM

Previous Symbol

CUSIP88579Y10

CIK66740

Webwww.3m.com

Phone651-733-1110

Debt

Debt-to-Equity Ratio1.94

Current Ratio1.65

Quick Ratio1.19

Price-To-Earnings

Trailing P/E Ratio18.36

Forward P/E Ratio19.75

P/E Growth2.1

Sales & Book Value

Annual Sales$32.14 billion

Price / Sales2.80

Cash Flow$11.90 per share

Price / Cash Flow13.15

Book Value$17.75 per share

Price / Book8.81

Profitability

EPS (Most Recent Fiscal Year)$9.10

Net Income$4.57 billion

Net Margins15.37%

Return on Equity50.24%

Return on Assets12.02%

Miscellaneous

Employees96,163

Outstanding Shares575,196,000

Market Cap$89.98 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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3M (NYSE:MMM) Frequently Asked Questions

How has 3M's stock been impacted by COVID-19 (Coronavirus)?

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MMM shares have increased by 6.2% and is now trading at $156.44. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is 3M's next earnings date?

3M is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for 3M.

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) announced its quarterly earnings data on Tuesday, April, 28th. The conglomerate reported $2.16 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.03 by $0.13. The conglomerate earned $8.08 billion during the quarter, compared to analysts' expectations of $7.86 billion. 3M had a net margin of 15.37% and a return on equity of 50.24%. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $2.23 earnings per share. View 3M's earnings history.

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

3M announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $1.47 per share on Friday, June 12th. This represents a $5.88 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, May 21st. View 3M's dividend history.

How will 3M's stock buyback program work?

3M announced that its board has approved a stock buyback plan on Tuesday, November 13th 2018, which allows the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for MMM?

12 brokers have issued 1 year target prices for 3M's shares. Their forecasts range from $148.00 to $180.00. On average, they anticipate 3M's share price to reach $164.25 in the next year. This suggests a possible upside of 5.0% from the stock's current price. View analysts' price targets for 3M.

Has 3M been receiving favorable news coverage?

News headlines about MMM stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. 3M earned a daily sentiment score of 0.6 on InfoTrie's scale. They also assigned news coverage about the conglomerate a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news about3M.

Are investors shorting 3M?

3M saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,500,000 shares, a decrease of 12.6% from the April 30th total of 7,440,000 shares. Based on an average daily trading volume, of 4,770,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.1% of the company's stock are sold short. View 3M's Current Options Chain.

Who are some of 3M's key competitors?

Some companies that are related to 3M include Stryker (SYK), Becton Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), Insulet (PODD), ABIOMED (ABMD), Hill-Rom (HRC), Novocure (NVCR), Penumbra (PEN), Haemonetics (HAE) and Globus Medical (GMED). View all 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), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), Exxon Mobil (XOM), Procter & Gamble (PG), Boeing (BA), Verizon Communications (VZ) and AbbVie (ABBV).

Who are 3M's key executives?

3M's management team includes the following 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)

What is 3M's stock symbol?

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

Who are 3M's major shareholders?

3M's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (7.20%), BlackRock Inc. (7.11%), Geode Capital Management LLC (1.65%), Massachusetts Financial Services Co. MA (1.37%), Flossbach Von Storch AG (1.35%) and Wellington Management Group LLP (1.12%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Julie L Bushman, 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 institutional investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Massachusetts Financial Services Co. MA, Two Sigma Advisers LP, Clearbridge Investments LLC, State Street Corp, BlackRock Inc., Deutsche Bank AG, and Commerzbank Aktiengesellschaft FI. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn. View insider buying and selling activity for 3M.

Which institutional investors are buying 3M stock?

MMM stock was bought by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Flossbach Von Storch AG, Morgan Stanley, Mackenzie Financial Corp, Swiss National Bank, Capital International Investors, Wellington Management Group LLP, and Coho Partners Ltd.. 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 activity 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 $156.44.

How big of a company is 3M?

3M has a market capitalization of $89.98 billion and generates $32.14 billion in revenue each year. The conglomerate earns $4.57 billion in net income (profit) each year or $9.10 on an earnings per share basis. 3M employs 96,163 workers across the globe.

What is 3M's official website?

The official website for 3M is 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.

This page was last updated on 5/30/2020 by MarketBeat.com Staff