3M - MMM Stock Forecast, Price & News

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of 3M from $161.00 to $145.00 in a research report on Thursday, June 16th. Royal Bank of Canada upped their price target on shares of 3M from $136.00 to $138.00 and gave the company an "underperform" rating in a research note on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of 3M from $146.00 to $148.00 and gave the company a "hold" rating in a research note on Wednesday, July 27th. Barclays dropped their price target on shares of 3M from $143.00 to $137.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 27th. Finally, Sanford C. Bernstein restated a "mkt perform" rating and set a $155.00 price target on shares of 3M in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, 3M has an average rating of "Hold" and a consensus price target of $150.46.

3M Price Performance

MMM Stock opened at $146.68 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.90 and a current ratio of 1.47. 3M has a 52 week low of $125.60 and a 52 week high of $197.29. The firm's fifty day moving average is $136.58 and its 200 day moving average is $145.03. The firm has a market cap of $83.55 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.52 and a beta of 0.97.

3M (NYSE:MMM - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.01. The business had revenue of $8.70 billion for the quarter, compared to analyst estimates of $8.70 billion. 3M had a net margin of 11.83% and a return on equity of 39.11%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.59 EPS. Research analysts predict that 3M will post 10.4 earnings per share for the current year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 22nd will be issued a $1.49 dividend. This represents a $5.96 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, August 19th. 3M's dividend payout ratio (DPR) is presently 83.24%.

Insider Transactions at 3M

In other news, EVP Eric D. Hammes sold 3,145 shares of the firm's stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $147.31, for a total value of $463,289.95. Following the completion of the sale, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $1,298,979.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Eric D. Hammes sold 3,145 shares of the firm's stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $147.31, for a total value of $463,289.95. Following the completion of the sale, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $1,298,979.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Theresa E. Reinseth sold 795 shares of 3M stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $143.32, for a total transaction of $113,939.40. Following the transaction, the chief accounting officer now directly owns 1,603 shares of the company's stock, valued at $229,741.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,121 shares of company stock valued at $6,644,865. Company insiders own 0.34% of the company's stock.