3M Stock Forecast, Price & News

15 Wall Street 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 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 objectives for 3M's shares. Their MMM stock forecasts range from $118.00 to $215.00. On average, they predict 3M's share price to reach $161.64 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price.
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3M's stock was trading at $177.63 at the beginning of 2022. Since then, MMM stock has decreased by 27.7% and is now trading at $128.49.
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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 earnings results on Tuesday, April, 26th. The conglomerate reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.32. The conglomerate earned $8.80 billion during the quarter, compared to the consensus estimate of $8.75 billion. 3M had a net margin of 15.84% and a trailing twelve-month return on equity of 39.35%. 3M's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.77 EPS.
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3M declared a quarterly dividend on Tuesday, May 10th. Stockholders 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 annualized dividend and a dividend yield of 4.64%. 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 52.74% 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 earnings per share (EPS) guidance of $10.75-11.25 for the period, compared to the consensus EPS 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), Fresenius SE & Co. KGaA (FSNUY), Insulet (PODD), Teleflex (TFX), Abiomed (ABMD), 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 Chemung Canal Trust Co. (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 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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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 $128.49.

3M (NYSE:MMM) has a market capitalization of $73.12 billion and generates $35.36 billion in revenue each year. The conglomerate earns $5.92 billion in net income (profit) each year or $9.609990 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.