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NYSE:MMM - 3M Stock Price, Forecast & News

$133.24
-2.94 (-2.16 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$130.91
Now: $133.24
$137.07
50-Day Range
$117.87
MA: $148.56
$163.80
52-Week Range
$114.04
Now: $133.24
$219.75
Volume4.26 million shs
Average Volume7.43 million shs
Market Capitalization$76.62 billion
P/E Ratio17.06
Dividend Yield4.32%
Beta1.08
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.
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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$32.14 billion
Cash Flow$11.77 per share
Book Value$17.61 per share

Profitability

Net Income$4.57 billion

Miscellaneous

Employees96,163
Market Cap$76.62 billion
Next Earnings Date4/23/2020 (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 stock has decreased by 9.5% and is now trading at $133.24. View which stocks have been mosted 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 2 sell ratings, 9 hold ratings and 1 buy rating 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, April 23rd 2020. View our earnings forecast for 3M.

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) released its quarterly earnings data on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.10 by $0.15. The conglomerate had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.12 billion. 3M had a net margin of 14.22% and a return on equity of 51.39%. The company's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. View 3M's earnings history.

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

3M declared a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, February 14th will be given a dividend of $1.47 per share on Thursday, March 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from 3M's previous quarterly dividend of $1.44. View 3M's dividend history.

How will 3M's stock buyback program work?

3M declared that its board has approved a share buyback program on Tuesday, November 13th 2018, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

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

3M issued an update on its FY20 earnings guidance on Tuesday, January, 28th. The company provided EPS guidance of $9.30 to $9.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.61. The company issued revenue guidance of $32 billion to $32.74 billion, compared to the consensus revenue estimate of $33.70 billion.

What price target have analysts set for MMM?

12 brokers have issued twelve-month target prices for 3M's shares. Their forecasts range from $150.00 to $194.00. On average, they expect 3M's share price to reach $170.67 in the next year. This suggests a possible upside of 28.1% 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 extremely negative on Sunday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. 3M earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned press coverage about the conglomerate a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news about3M.

Are investors shorting 3M?

3M saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 8,155,200 shares, a decline of 11.6% from the February 27th total of 9,230,000 shares. Based on an average daily volume of 3,720,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the company's shares are short sold. View 3M's Current Options Chain.

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

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 (7.36%), Massachusetts Financial Services Co. MA (1.90%), Geode Capital Management LLC (1.63%), Bank of New York Mellon Corp (1.05%), Norges Bank (0.87%) and Franklin Resources Inc. (0.83%). 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 major investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including Fiera Capital Corp, First Eagle Investment Management LLC, Franklin Resources Inc., DekaBank Deutsche Girozentrale, Russell Investments Group Ltd., Janus Henderson Group PLC, Personal Capital Advisors Corp, and Principal Financial Group Inc.. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Inge G Thulin, Joaquin Delgado, 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 major investors are buying 3M stock?

MMM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, American International Group Inc., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Alliancebernstein L.P., Bank of New York Mellon Corp, Schroder Investment Management Group, FMR LLC, and First Trust Advisors LP. 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 $133.24.

How big of a company is 3M?

3M has a market capitalization of $76.62 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. 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:  2.4 out of 5 (star star)
Outperform Votes:  835 (Vote Outperform)
Underperform Votes:  882 (Vote Underperform)
Total Votes:  1,717
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 3/29/2020 by MarketBeat.com Staff

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