3M - MMM Stock Forecast, Price & News

13 Wall Street 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 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.
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13 equities research analysts 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 predict the company's share price to reach $147.43 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price.
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3M's stock was trading at $177.63 at the start of the year. Since then, MMM stock has decreased by 36.4% and is now trading at $112.99.
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3M saw a increase in short interest in August. As of August 31st, there was short interest totaling 103,800,000 shares, an increase of 942.2% from the August 15th total of 9,960,000 shares. Based on an average daily volume of 9,340,000 shares, the days-to-cover ratio is currently 11.1 days.
View 3M's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our MMM earnings forecast.

3M (NYSE:MMM) released its quarterly earnings data 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 analysts' expectations of $8.70 billion. 3M had a net margin of 11.83% and a trailing twelve-month return on equity of 39.11%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.59 earnings per share.
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3M declared a quarterly dividend on Friday, August 12th. Investors of record on Monday, August 22nd will be given a dividend of $1.49 per share on Monday, September 12th. This represents a $5.96 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, August 19th.
Read our dividend analysis for MMM.

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 54.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MMM.

3M issued an update on 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 earnings per share 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.

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.

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 variety of retail and institutional investors. Top institutional investors include State Street Corp (5.74%), Newport Trust Co (1.68%), Northern Trust Corp (1.30%), Massachusetts Financial Services Co. MA (1.04%), Legal & General Group Plc (0.80%) and US Bancorp DE (0.61%). 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, Julie L Bushman, Khandpur K Ashish, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Mojdeh Poul, Theresa E Reinseth, Theresa E Reinseth, Ty R Silberhorn, Ty R Silberhorn and Zoe L Dickson.
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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.
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One share of MMM stock can currently be purchased for approximately $112.99.

3M (NYSE:MMM) has a market capitalization of $64.36 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.

The company employs 95,000 workers across the globe.

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.