3M Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 5 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
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15 brokerages have issued 1-year price targets for 3M's stock. Their MMM stock forecasts range from $118.00 to $215.00. On average, they expect 3M's share price to reach $161.64 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
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3M's stock was trading at $177.63 on January 1st, 2022. Since then, MMM shares have decreased by 27.3% and is now trading at $129.09.
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3M is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
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3M (NYSE:MMM) announced its quarterly earnings results on Tuesday, April, 26th. The conglomerate reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.32. The conglomerate had revenue of $8.80 billion for the quarter, compared to analysts' expectations of $8.75 billion. 3M had a trailing twelve-month return on equity of 39.35% and a net margin of 15.84%. The business's revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.77 EPS.
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3M declared a quarterly dividend on Tuesday, May 10th. Investors of record on Friday, May 20th will be paid a dividend of $1.49 per share on Sunday, June 12th. This represents a $5.96 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, May 19th.
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3M(NYSE:MMM) pays an annual dividend of $5.96 per share and currently has a dividend yield of 4.61%. MMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 3M has been increasing its dividend for 65 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of 3M is 62.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 3M will have a dividend payout ratio of 52.98% next year. This indicates that 3M will be able to sustain or increase its dividend.
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3M issued an update on its FY22 earnings guidance on Tuesday, April, 26th. The company provided EPS guidance of $10.75-11.25 for the period, compared to the consensus estimate of $10.29.

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

Some companies that are related to 3M include Stryker (SYK), Becton, Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), ResMed (RMD), DexCom (DXCM), Insulet (PODD), Fresenius SE & Co. KGaA (FSNUY), Abiomed (ABMD), Teleflex (TFX), NovoCure (NVCR), ShockWave Medical (SWAV), Globus Medical (GMED), Inspire Medical Systems (INSP) and Penumbra (PEN).
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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).

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

3M's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Hikari Power Ltd (0.05%), Sage Capital Advisors llc (0.02%), Parsec Financial Management Inc. (0.01%), Stillwater Investment Management LLC (0.00%), Pensionfund Sabic (0.00%) and Peoples Financial Services CORP. (0.00%). Company insiders that own 3M stock include Denise R Rutherford, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, Jeffrey R Lavers, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Mojdeh Poul, Theresa E Reinseth, Ty R Silberhorn and Ty R Silberhorn.
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MMM stock was sold by a variety of institutional investors in the last quarter, including Parsec Financial Management Inc., Fulton Bank N.A., First Farmers & Merchants Bank Trust, Peoples Financial Services CORP., Pensionfund Sabic, Stillwater Investment Management LLC, S.A. Mason LLC, and Chemung Canal Trust Co.. Company insiders that have sold 3M company stock in the last two years include Denise R Rutherford, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, John Patrick Banovetz, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Mojdeh Poul, and Theresa E Reinseth.
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MMM stock was bought by a variety of institutional investors in the last quarter, including Hikari Power Ltd, Wiley BROS. Aintree Capital LLC, and Sage Capital Advisors llc.
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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.
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One share of MMM stock can currently be purchased for approximately $129.09.

3M (NYSE:MMM) has a market capitalization of $73.46 billion and generates $35.36 billion in revenue each year. The conglomerate earns $5.92 billion in net income (profit) each year or $9.61 on an earnings per share basis.

3M employs 95,000 workers across the globe.

3M was founded in 1902.

3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The official website for 3M is www.3m.com. The conglomerate can be reached via phone at (651) 733-1110, via email at investorrelations@3m.com, or via fax at 651-733-9973.