3M Stock Forecast, Price & News

$198.28
-2.19 (-1.09 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$198.10
$200.37
50-Day Range
$191.60
$206.05
52-Week Range
$148.80
$208.95
Volume2.14 million shs
Average Volume2.48 million shs
Market Capitalization$114.94 billion
P/E Ratio20.23
Dividend Yield2.95%
Beta0.96
30 days | 90 days | 365 days | Advanced Chart
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3M logo

About 3M

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment includes medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

Headlines

Argus Increases 3M (NYSE:MMM) Price Target to $225.00
Argus Increases 3M (NYSE:MMM) Price Target to $225.00
July 28, 2021 |  americanbankingnews.com
Morgan Stanley Boosts 3M (NYSE:MMM) Price Target to $213.00
Morgan Stanley Boosts 3M (NYSE:MMM) Price Target to $213.00
July 28, 2021 |  americanbankingnews.com
3M (NYSE:MMM) Price Target Raised to $201.00
3M (NYSE:MMM) Price Target Raised to $201.00
July 28, 2021 |  americanbankingnews.com
3M (NYSE:MMM) PT Lowered to $196.00
3M (NYSE:MMM) PT Lowered to $196.00
July 14, 2021 |  americanbankingnews.com
3M (NYSE:MMM) Rating Lowered to Underperform at Wolfe Research
3M (NYSE:MMM) Rating Lowered to Underperform at Wolfe Research
July 12, 2021 |  americanbankingnews.com
$2.20 EPS Expected for 3M (NYSE:MMM) This Quarter
$2.20 EPS Expected for 3M (NYSE:MMM) This Quarter
July 4, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

2.72 out of 5 stars

Multi-Sector Conglomerates Sector

3rd out of 50 stocks

Surgical & Medical Instruments Industry

1st out of 185 stocks

Analyst Opinion: 2.0Community Rank: 3.3Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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3M (NYSE:MMM) Frequently Asked Questions

Is 3M a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" 3M stock. 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 analyst ratings for 3M
or view top-rated stocks.

What stocks does MarketBeat like better than 3M?

Wall Street analysts have given 3M a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but 3M wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is 3M's next earnings date?

3M is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for 3M
.

How were 3M's earnings last quarter?

3M (NYSE:MMM) posted its earnings results on Monday, July, 26th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.28 by $0.31. The conglomerate had revenue of $8.90 billion for the quarter, compared to analysts' expectations of $8.59 billion. 3M had a trailing twelve-month return on equity of 44.00% and a net margin of 17.34%. 3M's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share.
View 3M's earnings history
.

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

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 stock has increased by 34.7% and is now trading at $198.28.
View which stocks have been most impacted by COVID-19
.

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

3M declared a quarterly dividend on Tuesday, May 11th. Shareholders of record on Friday, May 21st will be paid a dividend of $1.48 per share on Saturday, June 12th. This represents a $5.92 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, May 20th.
View 3M's dividend history
.

Is 3M a good dividend stock?

3M pays an annual dividend of $5.92 per share and currently has a dividend yield of 2.95%. 3M has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of 3M is 67.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 3M will have a dividend payout ratio of 55.90% next year. This indicates that 3M will be able to sustain or increase its dividend.
View 3M's dividend history.

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

3M issued an update on its FY21 earnings guidance on Tuesday, July, 27th. The company provided earnings per share guidance of $9.70-$10.10 for the period, compared to the Thomson Reuters consensus estimate of $9.85. The company issued revenue guidance of $34.43-$35.40 billion, compared to the consensus revenue estimate of $34.88 billion.

What price target have analysts set for MMM?

11 Wall Street analysts have issued 12-month price objectives for 3M's stock. Their forecasts range from $170.00 to $225.00. On average, they anticipate 3M's stock price to reach $198.09 in the next year. This suggests that the stock has a possible downside of 0.1%.
View analysts' price targets for 3M
or view top-rated stocks among Wall Street analysts.

Who are 3M's key executives?

3M's management team includes the following people:
  • Michael F. Roman, Chairman, President & Chief Executive Officer
  • Monish Patolawala, Chief Financial Officer & Executive Vice President
  • John Patrick Banovetz, CTO & EVP-Environmental Responsibility
  • Veena M. Lakkundi, Senior VP-Strategy & Business Development
  • Michael A. Duran, Vice President, Chief Ethics & Compliance Officer

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

385 employees have rated 3M CEO Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among 3M's employees.

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), Intel (INTC), The Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Pfizer (PFE).

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 number of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (0.09%), Manning & Napier Group LLC (0.04%), Welch & Forbes LLC (0.03%), Marathon Asset Management LLP (0.03%), Alpha Cubed Investments LLC (0.03%) and State of Alaska Department of Revenue (0.02%). Company insiders that own 3M stock include Denise R Rutherford, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Theresa E Reinseth 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 State of Alaska Department of Revenue, Hedeker Wealth LLC, Raymond James Trust N.A., Maltin Wealth Management Inc., TIAA FSB, Cooper Financial Group, Physicians Financial Services Inc., and Howland Capital Management LLC. Company insiders that have sold 3M company stock in the last year include Denise R Rutherford, Ivan K Fong, Jeffrey R Lavers, John Patrick Banovetz, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, and Theresa E Reinseth.
View insider buying and selling activity for 3M
or view top insider-selling stocks.

Which institutional investors are buying 3M stock?

MMM stock was purchased by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, Brookstone Capital Management, Manning & Napier Group LLC, Oregon Public Employees Retirement Fund, IFM Investors Pty Ltd, Alpha Cubed Investments LLC, LaFleur & Godfrey LLC, and Marathon Asset Management LLP.
View insider buying and selling activity for 3M
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is 3M's stock price today?

One share of MMM stock can currently be purchased for approximately $198.28.

How much money does 3M make?

3M has a market capitalization of $114.94 billion and generates $32.18 billion in revenue each year. The conglomerate earns $5.38 billion in net income (profit) each year or $8.74 on an earnings per share basis.

How many employees does 3M have?

3M employs 94,987 workers across the globe.

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 Financial Management Company, 3M France S.A.S., 3M Global Capital S.a.r.l., 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 Intermediate Acquisitions B.V., 3M International Group B.V., 3M International Holding B.V., 3M International Investments B.V., 3M Japan Holdings G.K., 3M Japan Limited, 3M Japan Products Limited, 3M Korea High Tech Limited, 3M Korea Ltd, 3M Manaus Industria de Produtos Quimicos Ltda., 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 Svenska Aktiebolag, 3M Taiwan Limited, 3M Taiwan Optronics Corporation, 3M Thailand 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, 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, 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, CodeRyte, Cogent Systems, Credence Technologies, 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 Manufacturing Unlimited Company, Les Entreprises Solumed, Ligacon, Ligacon - Filtration Supplier, Lingualcare, M Modal, MModal CB Inc., MModal IP LLC, MModal LLC, MModal MQ Inc., MTI PolyFab, Medical Holdings Limited, 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, Security Printing and Systems Limited, Semfinder, SoftMed Systems, Solvay Fluoropolymers, Standard Abrasives, TOP-Service für Lingualtechnik, Treo Solutions, Unifam, and Venture Tape.

When was 3M founded?

3M was founded in 1902.

What is 3M's official website?

The official website for 3M is www.3m.com.

Where are 3M's headquarters?

3M is headquartered at 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144.

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 7/29/2021 by MarketBeat.com Staff
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