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NYSE:MMM

3M Stock Forecast, Price & News

$177.23
+0.15 (+0.08 %)
(As of 11/25/2020 10:33 AM ET)
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Compare
Today's Range
$175.45
Now: $177.23▼
$177.61
50-Day Range
$158.48
MA: $167.38▼
$174.14
52-Week Range
$114.04
Now: $177.23▼
$182.54
Volume38,646 shs
Average Volume3.45 million shs
Market Capitalization$102.23 billion
P/E Ratio20.78
Dividend Yield3.38%
Beta0.94
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers personal safety products, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules to industrial, electrical, and safety markets. The Transportation and Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive and aerospace, and commercial solutions; advanced materials; and transportation safety products to transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products to healthcare industry. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies to various consumers. This segment is also involved in the retail auto care business. It offers its products through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users. 3M Company has a strategic collaboration with Merry Maids in residential cleaning sector. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.
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3M logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.38 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Surgical & medical instruments
Sub-IndustryIndustrial Conglomerates
SectorMulti-Sector Conglomerates
Current SymbolNYSE:MMM
Previous Symbol
CUSIP88579Y10
CIK66740
Webwww.3m.com
Phone651-733-1110
Employees96,163

Debt

Debt-to-Equity Ratio1.54
Current Ratio1.90
Quick Ratio1.37

Price-To-Earnings

Trailing P/E Ratio20.78
Forward P/E Ratio20.68
P/E Growth1.97

Sales & Book Value

Annual Sales$32.14 billion
Price / Sales3.18
Cash Flow$13.31 per share
Price / Cash Flow13.32
Book Value$20.70 per share
Price / Book8.56

Profitability

EPS (Most Recent Fiscal Year)$9.10
Net Income$4.57 billion
Net Margins15.65%
Return on Equity44.77%
Return on Assets10.66%

Miscellaneous

Outstanding Shares576,822,000
Market Cap$102.23 billion
Next Earnings Date1/26/2021 (Estimated)
OptionableOptionable
$177.23
+0.15 (+0.08 %)
(As of 11/25/2020 10:33 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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3M (NYSE:MMM) Frequently Asked Questions

How has 3M's stock price been impacted by Coronavirus (COVID-19)?

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 shares have increased by 20.1% and is now trading at $176.87.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of 3M?

13 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for 3M.

What stocks does MarketBeat like better than 3M?

Wall Street analysts have given 3M a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but 3M wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is 3M's next earnings date?

3M is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for 3M.

How were 3M's earnings last quarter?

3M (NYSE:MMM) posted its quarterly earnings data on Sunday, November, 1st. The conglomerate reported $2.43 EPS for the quarter, topping the consensus estimate of $2.26 by $0.17. The conglomerate earned $8.35 billion during the quarter, compared to analyst estimates of $8.38 billion. 3M had a return on equity of 44.77% and a net margin of 15.65%. 3M's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 EPS.
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, November 10th. Stockholders of record on Friday, November 20th will be given a dividend of $1.47 per share on Saturday, December 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, November 19th.
View 3M's dividend history.

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

3M updated its third quarter 2020 Pre-Market earnings guidance on Tuesday, September, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.2-8.3 billion, compared to the consensus revenue estimate of $8.01 billion.

What price target have analysts set for MMM?

13 analysts have issued 1-year price objectives for 3M's shares. Their forecasts range from $157.00 to $197.00. On average, they anticipate 3M's share price to reach $170.17 in the next year. This suggests that the stock has a possible downside of 3.8%.
View analysts' price targets for 3M.

Are investors shorting 3M?

3M saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 6,810,000 shares, an increase of 13.7% from the October 15th total of 5,990,000 shares. Based on an average daily trading volume, of 2,410,000 shares, the short-interest ratio is currently 2.8 days.
View 3M's Short Interest.

Who are some of 3M's key competitors?

Some companies that are related to 3M include Stryker (SYK), Becton, Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), ResMed (RMD), Fresenius SE & Co. KGaA (FSNUY), Teleflex (TFX), Insulet (PODD), NovoCure (NVCR), Abiomed (ABMD), Penumbra (PEN), iRhythm Technologies (IRTC), Hill-Rom (HRC) and Globus Medical (GMED).
View all 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), Intel (INTC), The Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Pfizer (PFE).

Who are 3M's key executives?

3M's management team includes the following people:
  • Mr. Michael F. Roman, CEO, Pres & Chairman (Age 60, Pay $2.68M)
  • Dr. Michael G. Vale Ph.D., Exec. VP of Safety & Industrial Bus. Group (Age 54, Pay $1.19M)
  • Dr. Ashish K. Khandpur, Exec. VP of Transportation & Electronics Bus. Group (Age 52, Pay $1.06M)
  • Mr. Monish D. Patolawala, Sr. VP & CFO (Age 48)
  • Ms. Theresa E. Reinseth, VP, Corp. Controller & Chief Accounting Officer (Age 47)
  • Dr. John P. Banovetz, Sr. VP of Innovation & Stewardship and CTO (Age 51)
  • Mr. Bruce Jermeland C.F.A., VP of Investor Relations
  • Mr. Ivan K. Fong, Sr. VP, Gen. Counsel & Sec. (Age 59)
  • Michael A. Duran, VP and Chief Ethics & Compliance Officer
  • Ms. Kristen M. Ludgate, Sr. VP of HR (Age 57)

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.74%), State Street Corp (5.30%), Newport Trust Co (1.90%), Massachusetts Financial Services Co. MA (1.35%), Charles Schwab Investment Management Inc. (1.23%) and Fisher Asset Management LLC (0.81%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ippocratis Vrohidis, Ivan K Fong, 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 institutional investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Nuveen Asset Management LLC, Assenagon Asset Management S.A., AMF Pensionsforsakring AB, Public Sector Pension Investment Board, American International Group Inc., Caisse DE Depot ET Placement DU Quebec, and Principal Financial Group Inc.. Company insiders that have sold 3M company stock in the last year include Ivan K Fong, 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 institutional investors are buying 3M stock?

MMM stock was purchased by a variety of institutional investors in the last quarter, including Newport Trust Co, BlackRock Inc., Fisher Asset Management LLC, AQR Capital Management LLC, Neuberger Berman Group LLC, LSV Asset Management, DekaBank Deutsche Girozentrale, and Robeco Institutional Asset Management B.V.. 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 $176.87.

How big of a company is 3M?

3M has a market capitalization of $102.02 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.

What is 3M's official website?

The official website for 3M is 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.

This page was last updated on 11/25/2020 by MarketBeat.com Staff
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