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3M - MMM Stock Forecast, Price & News

$115.08
+2.50 (+2.22%)
(As of 01/31/2023 05:19 PM ET)
Add
Compare
Today's Range
$112.38
$115.08
50-Day Range
$112.93
$129.51
52-Week Range
$107.07
$169.25
Volume
5.07 million shs
Average Volume
3.85 million shs
Market Capitalization
$63.61 billion
P/E Ratio
11.34
Dividend Yield
5.17%
Price Target
$125.92

3M MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
10.5% Upside
$125.92 Price Target
Short Interest
Healthy
2.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.89
Upright™ Environmental Score
News Sentiment
-0.27mentions of 3M in the last 14 days
Based on 38 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.37%
From $8.64 to $9.19 Per Share

Overall MarketRank

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

2.27 out of 5 stars

Multi-Sector Conglomerates Sector

8th out of 16 stocks

Surgical & Medical Instruments Industry

39th out of 106 stocks


MMM stock logo

About 3M (NYSE:MMM) Stock

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, Consumer, and Corporate and Unallocated. 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 includes electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment offers 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 Consumer segment covers consumer healthcare, home care, home improvement, and stationery and office products, such as consumer bandages, braces, supports, respirators, cleaning products, retail abrasives, picture hanging, and consumer air quality solutions. The Corporate and Unallocated segment refers to special it

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MMM Stock News Headlines

3M (NYSE:MMM) Price Target Cut to $120.00
GRAPHITE: "Essential for America's National Defense"
Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
Barclays Trims 3M (NYSE:MMM) Target Price to $122.00
3M (NYSE:MMM) PT Lowered to $106.00 at Royal Bank of Canada
3M (NYSE:MMM) Receives $129.46 Average Price Target from Analysts
William Blair Comments on 3M's Q3 2023 Earnings (NYSE:MMM)
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Q1 2023 EPS Estimates for 3M (NYSE:MMM) Decreased by William Blair
3M (NYSE:MMM) PT Lowered to $115.00 at UBS Group
3M (NYSE:MMM) Reaches New 1-Year Low After Earnings Miss
3M Company (NYSE:MMM) Q4 2022 Earnings Call Transcript
3M (NYSE:MMM) Issues FY23 Earnings Guidance
3M (NYSE:MMM) Updates Q1 2023 Earnings Guidance
3M (NYSE:MMM) Issues FY 2023 Earnings Guidance
3M (NYSE:MMM) Releases FY 2023 Earnings Guidance
3M (MMM) to Release Quarterly Earnings on Tuesday
Check Out What Whales Are Doing With MMM
Analyst Ratings for 3M
Be Wary Of 3M (NYSE:MMM) And Its Returns On Capital
Is There Now An Opportunity In 3M Company (NYSE:MMM)?
Is 3M Company (NYSE:MMM) Trading At A 39% Discount?
See More Headlines
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MMM Company Calendar

Ex-Dividend for 12/12 Dividend
11/17/2022
Dividend Payable
12/12/2022
Last Earnings
1/24/2023
Today
1/31/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
Industrial Conglomerates
CUSIP
88579Y10
Employees
95,000
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$125.92
High Stock Price Forecast
$155.00
Low Stock Price Forecast
$106.00
Forecasted Upside/Downside
+9.4%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
12 Analysts

Profitability

Net Income
$5.78 billion
Pretax Margin
18.67%

Debt

Sales & Book Value

Annual Sales
$34.23 billion
Cash Flow
$10.85 per share
Book Value
$26.72 per share

Miscellaneous

Free Float
550,587,000
Market Cap
$63.61 billion
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Michael F. RomanMichael F. Roman
    Chairman & Chief Executive Officer
  • Monish Patolawala
    EVP, Chief Financial & Transformation Officer
  • John Patrick BanovetzJohn Patrick Banovetz
    CTO & EVP-Environmental Responsibility
  • Mark W. Murphy
    Executive VP, Chief Information & Digital Officer
  • Michael A. Duran
    Senior VP, Chief Ethics & Compliance Officer













MMM Stock - Frequently Asked Questions

Should I buy or sell 3M stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 3 sell ratings and 9 hold ratings for the stock. The consensus among Wall Street 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 2023?

12 Wall Street research analysts have issued 12-month target prices for 3M's shares. Their MMM share price forecasts range from $106.00 to $155.00. On average, they predict the company's share price to reach $125.92 in the next twelve months. This suggests a possible upside of 11.9% 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 2023?

3M's stock was trading at $119.92 on January 1st, 2023. Since then, MMM stock has decreased by 6.1% and is now trading at $112.58.
View the best growth stocks for 2023 here
.

When is 3M's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our MMM earnings forecast
.

How were 3M's earnings last quarter?

3M (NYSE:MMM) released its earnings results on Tuesday, January, 24th. The conglomerate reported $2.28 EPS for the quarter, missing the consensus estimate of $2.34 by $0.06. The conglomerate earned $8.10 billion during the quarter, compared to analysts' expectations of $8.09 billion. 3M had a trailing twelve-month return on equity of 39.72% and a net margin of 16.88%. The business's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 earnings per share.
Read the conference call transcript
.

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

3M declared a quarterly dividend on Tuesday, November 8th. Shareholders of record on Friday, November 18th will be paid a dividend of $1.49 per share on Monday, December 12th. This represents a $5.96 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, November 17th.
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 5.17%. 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 65 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 58.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MMM will have a dividend payout ratio of 64.85% 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 FY23 earnings guidance on Tuesday, January, 24th. The company provided EPS guidance of $8.50-9.00 for the period, compared to the consensus EPS estimate of $10.23.

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."

Who are 3M's major shareholders?

3M's stock is owned by a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.37%), Cottage Street Advisors LLC (0.11%), Fort Washington Investment Advisors Inc. OH (0.06%), Hikari Power Ltd (0.05%), Allspring Global Investments Holdings LLC (0.05%) and Gateway Investment Advisers LLC (0.05%). Insiders that own company stock include Denise R Rutherford, Eric D Hammes, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, Jeffrey R Lavers, John Patrick Banovetz, Kevin H Rhodes, Khandpur K Ashish, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Mojdeh Poul, Rodriguez Beatriz Karin Chavez, Theresa E Reinseth, Theresa E Reinseth, Ty R Silberhorn and Zoe L Dickson.
View institutional ownership trends
.

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 $112.58.

How much money does 3M make?

3M (NYSE:MMM) has a market capitalization of $62.23 billion and generates $34.23 billion in revenue each year. The conglomerate earns $5.78 billion in net income (profit) each year or $10.15 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 1/31/2023 by MarketBeat.com Staff