NYSE:MMM

3M - MMM Stock Forecast, Price & News

$110.50

-1.80 (-1.60%)

(As of 09/30/2022 05:20 PM ET)

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Today's Range: $110.39
▼
$113.15
50-Day Range: $112.30
▼
$152.24
52-Week Range: $110.39
▼
$186.30

Volume: 3.11 million shs
Average Volume: 5.40 million shs
Market Capitalization: $62.94 billion

P/E Ratio: 15.43
Dividend Yield: 5.31%
Price Target: $147.43

3M MarketRank™ Forecast

Analyst Rating: Hold
1.85 Rating Score
Upside/Downside: 32.3% Upside
$147.43 Price Target
Short Interest: Healthy
3.38% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.89
Upright™ Environmental Score
News Sentiment: -0.02
Based on 11 Articles This Week
Insider Trading: Selling Shares
$6.64 M Sold Last Quarter
Proj. Earnings Growth: 4.33%
From $10.40 to $10.85 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.04 out of 5 stars

Multi-Sector Conglomerates Sector

1st out of 18 stocks

Surgical & Medical Instruments Industry

2nd out of 107 stocks

3.9

Analyst's Opinion

Consensus Rating
3M has received a consensus rating of Hold. The company's average rating score is 1.85, and is based on 1 buy rating, 9 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $147.43, 3M has a forecasted upside of 32.3% from its current price of $111.46.
Amount of Analyst Coverage
3M has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
3.38% of the float of 3M has been sold short.
Short Interest Ratio / Days to Cover
3M has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in 3M has recently decreased by 81.45%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Leadership
3M is a leading dividend payer. It pays a dividend yield of 5.22%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
3M has been increasing its dividend for 64 years.
Dividend Coverage
The dividend payout ratio of 3M is 83.24%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, 3M will have a dividend payout ratio of 54.93% next year. This indicates that 3M will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
3M has received a 22.26% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Dental health products", "Safety goggles", and "Protective clothing" products. See details.
Environmental Sustainability
The Environmental Impact score for 3M is -2.89.

1.7

News and Social Media Coverage

News Sentiment
3M has a news sentiment score of -0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Multi-Sector Conglomerates companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for 3M this week, compared to 3 articles on an average week.
Search Interest
Only 193 people have searched for MMM on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
MarketBeat Follows
113 people have added 3M to their MarketBeat watchlist in the last 30 days. This is an increase of 31% compared to the previous 30 days.

2.5

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 $6,644,865.00 in company stock.
Percentage Held by Insiders
Only 0.34% of the stock of 3M is held by insiders.
Percentage Held by Institutions
64.90% of the stock of 3M is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for 3M are expected to grow by 4.33% in the coming year, from $10.40 to $10.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 3M is 15.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of 3M is 15.57, 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 5.33.
Price to Earnings Growth Ratio
3M has a PEG Ratio of 1.16. 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 4.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About 3M (NYSE:MMM) Stock

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.

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MMM Stock News Headlines

September 29, 2022 | benzinga.com

How Is The Market Feeling About 3M? - 3M (NYSE:MMM) - Benzinga

September 29, 2022 | finance.yahoo.com

At US$114, Is It Time To Put 3M Company (NYSE:MMM) On Your Watch List?

September 27, 2022 | americanbankingnews.com

Analysts Set 3M (NYSE:MMM) Target Price at $144.15

September 27, 2022 | americanbankingnews.com

FY2022 Earnings Estimate for 3M Issued By Jefferies Financial Group (NYSE:MMM)

September 25, 2022 | uk.finance.yahoo.com

3M Company's (NYSE:MMM) latest 3.1% decline adds to one-year losses, institutional investors may consider drastic measures - Yahoo Finance UK

September 25, 2022 | finance.yahoo.com

3M Company's (NYSE:MMM) latest 3.1% decline adds to one-year losses, institutional investors may consider drastic measures

September 21, 2022 | finance.yahoo.com

3M (NYSE:MMM) Could Be Struggling To Allocate Capital

September 16, 2022 | seekingalpha.com

A judge denied 3M's request for contractor immunity defense in PFAS cases. (NYSE:MMM) - Seeking Alpha

September 15, 2022 | fool.com

1 Simple Reason Not to Sell 3M Stock - The Motley Fool

September 14, 2022 | seekingalpha.com

Investors Should Steer Clear Of 3M (NYSE:MMM) - Seeking Alpha

September 14, 2022 | benzinga.com

3M (NYSE:MMM) – 3M Whale Trades For September 14 - Benzinga

September 14, 2022 | benzinga.com

3M (NYSE:MMM) – Peering Into 3M's Recent Short Interest - Benzinga

September 9, 2022 | markets.businessinsider.com

What 15 Analyst Ratings Have To Say About 3M

September 9, 2022 | msn.com

3MMM : Looking At 3M's Recent Whale Trades

September 9, 2022 | benzinga.com

3M (NYSE:MMM) – 3M Whale Trades Spotted - Benzinga

September 6, 2022 | nasdaq.com

3M (NYSE:MMM) sheds US$4.7b, company earnings and investor returns have been trending downwards for past five years

September 6, 2022 | seekingalpha.com

3M Stock: 2 Upcoming Catalysts To Watch (NYSE:MMM) - Seeking Alpha

September 1, 2022 | seekingalpha.com

New earplug lawsuit seeks to block 3M healthcare spinoff (NYSE:MMM) - Seeking Alpha

August 31, 2022 | seekingalpha.com

3M plans to eliminate jobs as part of broad cost-cutting push - Bloomberg (NYSE:MMM) - Seeking Alpha

August 30, 2022 | seekingalpha.com

3M Company Stock: Unending Woes Or Buying Opportunity? (NYSE:MMM) - Seeking Alpha

August 29, 2022 | seekingalpha.com

3M Stock: Many Red Flags, Not Just Litigation (NYSE:MMM) - Seeking Alpha

August 28, 2022 | seekingalpha.com

3M Company: Lingering Lawsuits (NYSE:MMM) - Seeking Alpha

August 26, 2022 | seekingalpha.com

3M Stock: Showing More Dynamism, But More Is Needed (NYSE:MMM) - Seeking Alpha

August 18, 2022 | msn.com

What Are Whales Doing With 3M

August 17, 2022 | finance.yahoo.com

What 3M Company's (NYSE:MMM) ROE Can Tell Us

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MMM Company Calendar

Last Earnings: 7/26/2022
Ex-Dividend for 9/12 Dividend: 8/19/2022
Dividend Payable: 9/12/2022
Today: 9/30/2022
Next Earnings (Estimated): 10/25/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Surgical & medical instruments
Sub-Industry: Industrial Conglomerates
Sector: Multi-Sector Conglomerates
Current Symbol: NYSE:MMM
CUSIP: 88579Y10
CIK: 66740
Web: www.3m.com
Phone: (651) 733-1110
Fax: 651-733-9973
Employees: 95,000
Year Founded: 1902

Price Target and Rating

Average Stock Price Forecast: $147.43
High Stock Price Forecast: $205.00
Low Stock Price Forecast: $125.00
Forecasted Upside/Downside: +33.4%
Consensus Rating: Hold
Rating Score (0-4): 1.85
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.16
Trailing P/E Ratio: 15.43
Forward P/E Ratio: 10.63
P/E Growth: 1.16
Net Income: $5.92 billion
Net Margins: 11.83%
Pretax Margin: 14.21%
Return on Equity: 39.11%
Return on Assets: 12.24%

Debt

Debt-to-Equity Ratio: 1.01
Current Ratio: 1.47
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $35.36 billion
Price / Sales: 1.78
Cash Flow: $13.09 per share
Price / Cash Flow: 8.44
Book Value: $26.13 per share
Price / Book: 4.23

Miscellaneous

Outstanding Shares: 569,604,000
Free Float: 567,667,000
Market Cap: $62.94 billion
Optionable: Optionable
Beta: 0.99

Social Links

Key Executives

Mr. Michael F. Roman (Age 62)
Chairman & CEO
Comp: $4.72M

Mr. Monish D. Patolawala (Age 50)
Exec. VP and Chief Financial & Transformation Officer
Comp: $2.63M

Dr. Michael G. Vale Ph.D. (Age 56)
Group Pres of Safety & Industrial Bus. Group
Comp: $1.54M

Dr. Ashish K. Khandpur (Age 54)
Group Pres of Transportation & Electronics Bus. Group
Comp: $1.74M

Ms. Theresa E. Reinseth (Age 49)
Sr. VP, Corp. Controller & Chief Accounting Officer

Dr. John P. Banovetz (Age 54)
Exec. VP, CTO & Environmental Responsibility

Mr. Mark W. Murphy II (Age 54)
Exec. VP and Chief Information & Digital Officer

Mr. Bruce Jermeland C.F.A.
VP of Investor Relations

Michael A. Duran
Sr. VP and Chief Ethics & Compliance Officer

Mr. Kevin H. Rhodes (Age 59)
Exec. VP & Chief Legal Affairs Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MMM Stock - Frequently Asked Questions

Should I buy or sell 3M stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 3 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" MMM shares. 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 MMM analyst ratings or view top-rated stocks.
What is 3M's stock price forecast for 2022?: 13 brokerages have issued 12 month price objectives for 3M's stock. Their MMM share price forecasts range from $125.00 to $205.00. On average, they expect the company's share price to reach $147.43 in the next twelve months. This suggests a possible upside of 31.3% from the stock's current price.
View analysts price targets for MMM or view top-rated stocks among Wall Street analysts.
How have MMM shares performed in 2022?: 3M's stock was trading at $177.63 at the beginning of 2022. Since then, MMM stock has decreased by 36.8% and is now trading at $112.30.
View the best growth stocks for 2022 here.
Are investors shorting 3M?: 3M saw a drop in short interest in September. As of September 15th, there was short interest totaling 19,250,000 shares, a drop of 81.5% from the August 31st total of 103,800,000 shares. Based on an average trading volume of 9,480,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.4% of the shares of the stock are sold short.
View 3M's Short Interest.
When is 3M's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our MMM earnings forecast.
How were 3M's earnings last quarter?: 3M (NYSE:MMM) released its quarterly earnings results on Tuesday, July, 26th. The conglomerate reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.07. The conglomerate earned $8.70 billion during the quarter, compared to analyst estimates of $8.70 billion. 3M had a trailing twelve-month return on equity of 39.11% and a net margin of 11.83%. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.59 earnings per share.
Read the conference call transcript.
How often does 3M pay dividends? What is the dividend yield for 3M?: 3M announced a quarterly dividend on Friday, August 12th. Shareholders of record on Monday, August 22nd will be paid a dividend of $1.49 per share on Monday, September 12th. This represents a $5.96 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Friday, August 19th.
Read our dividend analysis for MMM.
Is 3M a good dividend stock?: 3M (NYSE:MMM) pays an annual dividend of $5.96 per share and currently has a dividend yield of 5.22%. MMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 64 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 83.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MMM will have a dividend payout ratio of 54.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MMM.

What guidance has 3M issued on next quarter's earnings?: 3M updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $10.30-$10.80 for the period, compared to the consensus estimate of $10.60. The company issued revenue guidance of $34.47 billion-$35.18 billion, compared to the consensus revenue estimate of $35.40 billion.
What is Mike Roman's approval rating as 3M's CEO?: 385 employees have rated 3M Chief Executive Officer Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among the company's employees.
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), 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."
How do I buy shares of 3M?: Shares of MMM stock 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 $112.30.
How much money does 3M make?: 3M (NYSE:MMM) has a market capitalization of $63.97 billion and generates $35.36 billion in revenue each year. The conglomerate earns $5.92 billion in net income (profit) each year or $7.16 on an earnings per share basis.
How many employees does 3M have?: The company employs 95,000 workers across the globe.
Does 3M have any subsidiaries?: The following companies are subsidiares of 3M: 3M Innovative Properties Company, D B Industries LLC, 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 Espana S.L., 3M Financial Management Company, 3M France S.A.S., 3M Global Capital S.a.r.l., 3M Global Channel Services Inc., 3M Health Information Systems Inc., 3M Holding Company B.V., 3M Hong Kong Limited, 3M ITALIA s.r.l., 3M India Limited, 3M Innovation Singapore Pte. Ltd., 3M Interamerica Inc., 3M Intermediate Acquisitions B.V., 3M International Group B.V., 3M International Holding B.V., 3M International Investments B.V., 3M International Trading (Shanghai) Co. Ltd., 3M Investments (China) Co. Ltd., 3M Japan Holdings G.K., 3M Japan Innovation Limited, 3M Japan Limited, 3M Japan Products Limited, 3M Korea Co. Ltd, 3M Manaus Industria de Produtos Quimicos Ltda., 3M Material Technology (Suzhou) Co. Ltd., 3M Mexico Sociedad Anonima de Capital Variable, 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 Specialty Materials (Shanghai) Co. Ltd., 3M Svenska Aktiebolag, 3M Taiwan Limited, 3M Taiwan Optronics Corporation, 3M Technical Ceramics Inc., 3M Thailand Limited, 3M UK Holdings 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, Acelity Inc., 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, Alpha Beta Global Tapes and Adhesives Co. Ltd., 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, Chiron Holdings Inc., 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 Cayman Holdings, KCI Cayman Holdings II, KCI Europe Holding B.V., KCI Holding Company Inc., KCI International Inc., KCI Licensing Inc., KCI Manufacturing Unlimited Company, KCI UK Holdings Limited, KCI USA Inc., Kinetic Concepts Inc., Les Entreprises Solumed, Ligacon, Ligacon - Filtration Supplier, Lingualcare, M Modal, MModal IP LLC, MModal LLC, MModal MQ Inc., MModal Services Ltd., MTI PolyFab, Medical Holdings Limited, Meguiar's Inc., 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, Scott Technologies Inc., Security Printing and Systems Limited, Semfinder, SoftMed Systems, Solvay Fluoropolymers, Standard Abrasives, Systagenix Wound Management B.V., Systagenix Wound Management Limited, Systagenix Wound Management Mezz B.V., TOP-Service für Lingualtechnik, Treo Solutions, Unifam, and Venture Tape.
Read More
How can I contact 3M?: 3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The official website for the company 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.

This page (NYSE:MMM) was last updated on 9/30/2022 by MarketBeat.com Staff

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3M - MMM Stock Forecast, Price & News

3M MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows