About 3M Company (NYSE:MMM)
3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems. The Health Care segment serves markets that include medical clinics and hospitals, pharmaceuticals, health information systems, and food manufacturing and testing. The Electronics and Energy segment serves customers in electronics and energy markets, including solutions for the performance of electronic devices; electrical products, including infrastructure protection, and power generation and distribution. The Consumer segment serves markets that include consumer retail, office business to business, home improvement, drug and pharmacy retail, and other markets.
Industry, Sector and Symbol:
- Sector: Multi-Sector Conglomerates
- Industry: Industrial Conglomerates
- Sub-Industry: Industrial Conglomerates
- Symbol: NYSE:MMM
- CUSIP: 88579Y10
- Web: www.3m.com
- Market Cap: $130.25638 billion
- Outstanding Shares: 596,767,000
- 50 Day Moving Avg: $211.56
- 200 Day Moving Avg: $204.86
- 52 Week Range: $163.85 - $219.76
Sales & Book Value:
- Trailing P/E Ratio: 24.90
- Foreward P/E Ratio: 23.20
- P/E Growth: 2.60
- Annual Revenue: $30.53 billion
- Price / Sales: 4.29
- Book Value: $19.42 per share
- Price / Book: 11.29
- Annual Dividend: $4.70
- Dividend Yield: 2.2%
- EBITDA: $8.53 billion
- Net Margins: 17.65%
- Return on Equity: 47.83%
- Return on Assets: 16.07%
- Debt-to-Equity Ratio: 0.95%
- Current Ratio: 2.22%
- Quick Ratio: 1.55%
- Average Volume: 1.73 million shs.
- Beta: 1.09
- Short Ratio: 1.7
Frequently Asked Questions for 3M Company (NYSE:MMM)
What is 3M Company's stock symbol?
3M Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMM."
How often does 3M Company pay dividends? What is the dividend yield for 3M Company?
3M Company announced a quarterly dividend on Tuesday, August 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $1.175 per share on Tuesday, September 12th. This represents a $4.70 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, August 23rd. View 3M Company's Dividend History.
How were 3M Company's earnings last quarter?
3M Company (NYSE:MMM) issued its earnings results on Tuesday, July, 25th. The company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.59 by $0.01. The firm earned $7.81 billion during the quarter, compared to the consensus estimate of $7.86 billion. 3M Company had a return on equity of 47.83% and a net margin of 17.65%. 3M Company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 EPS. View 3M Company's Earnings History.
When will 3M Company make its next earnings announcement?
What guidance has 3M Company issued on next quarter's earnings?
3M Company updated its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $8.80-9.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.98.
Where is 3M Company's stock going? Where will 3M Company's stock price be in 2017?
12 brokerages have issued 12 month price targets for 3M Company's stock. Their forecasts range from $159.00 to $250.00. On average, they anticipate 3M Company's share price to reach $212.50 in the next year. View Analyst Ratings for 3M Company.
What are analysts saying about 3M Company stock?
Here are some recent quotes from research analysts about 3M Company stock:
- 1. According to Zacks Investment Research, "Given its international presence, adverse foreign currency translations are likely to affect 3M’s ability to realize projected growth rates in sales and earnings. Fluctuations in foreign currency exchange rates affect net investment in foreign subsidiaries and may cause instability in cash flows related to foreign denominated transactions. Sustained strength in the U.S. dollar will further continue to negatively impact earnings, as exports consume a significant part of the company’s operations. Increased pension expenses also remain a significant headwind for 3M and erode its profitability. In addition, the company is susceptible to commodity price headwinds. Moreover, intense competitive pressure reduces its profitability to some extent. However, 3M is standardizing its business processes through a new, global ERP system for significant operational savings. 3M also outperformed the industry year to date." (10/3/2017)
- 2. UBS AG analysts commented, "3M guided to 1-3% organic growth in 2017 based on global industrial production growth of 1-2%, an assumption that we think was set cautiously given the muted industrial environment of recent years. But in 4Q16 3M's Industrial segment bounced back after four quarters of organic declines, growing 4.6% organically (3.1% excluding Body Armor contract) vs. an assumption of 1-3% in 2017 guidance. Overall, 3M managed to grow 1.6% organically despite drags from Health Care and Consumer that the company feels confident are temporary. Health Care grew 1.3% organically (vs. normal MSD) with oral care still in a soft patch while Consumer saw an unusual 1% organic decline (vs. recent steady growth of 2.5-3%) due to late quarter channel inventory corrections in retail. Had Healthcare and Consumer had more normal growth quarters, we estimate organic growth would have been 3%+" (1/25/2017)
Who are some of 3M Company's key competitors?
Who are 3M Company's key executives?
3M Company's management team includes the folowing people:
- Inge G. Thulin, Chairman of the Board, President, Chief Executive Officer
- Hak Cheol Shin, Vice Chairman of the Board, Executive Vice President
- Nicholas C. Gangestad, Chief Financial Officer, Senior Vice President
- Michael F. Roman, Chief Operating Officer, Executive Vice President
- James L. Bauman, Executive Vice President, Industrial Business Group.
- Julie L. Bushman, Executive Vice President, International Operations.
- Joaquin Delgado, Executive Vice President - Consumer Business Group
- Ashish K. Khandpur, Executive Vice President, Electronics & Energy Business Group.
- Frank R. Little, Executive Vice President - Safety and Graphics Business Group
- Michael G. Vale, Executive Vice President - Health Care Business Group
Who owns 3M Company stock?
3M Company's stock is owned by a number of of institutional and retail investors. Top institutional investors include Park National Corp OH (0.03%), Neville Rodie & Shaw Inc. (0.00%), Bridges Investment Management Inc. (0.00%), Osborn Williams & Donohoe LLC (0.00%), Eqis Capital Management Inc. (0.00%) and Bridges Investment Counsel Inc. (0.00%). Company insiders that own 3M Company stock include Eric D Hammes, Frank R Jr Little, Gregory R Page, Hak Cheol Shin, Ian F Hardgrove, Inge G Thulin, James L Bauman, Jesse G Singh, Joaquin Delgado, Jon T Lindekugel, Julie L Bushman, Khandpur K Ashish, Kimberly F Price, Marlene Mary Mcgrath, Michael F Roman, Michael G Vale, Nicholas C Gangestad and Paul A Keel. View Institutional Ownership Trends for 3M Company.
Who sold 3M Company stock? Who is selling 3M Company stock?
3M Company's stock was sold by a variety of institutional investors in the last quarter, including Bridges Investment Counsel Inc., Private Asset Management Inc., Osborn Williams & Donohoe LLC, Neville Rodie & Shaw Inc. and Bridges Investment Management Inc.. Company insiders that have sold 3M Company stock in the last year include Eric D Hammes, Frank R Jr Little, Hak Cheol Shin, Inge G Thulin, James L Bauman, Jon T Lindekugel, Julie L Bushman, Kimberly F Price, Marlene Mary Mcgrath, Michael F Roman, Nicholas C Gangestad and Paul A Keel. View Insider Buying and Selling for 3M Company.
Who bought 3M Company stock? Who is buying 3M Company stock?
3M Company's stock was acquired by a variety of institutional investors in the last quarter, including Curbstone Financial Management Corp, Park National Corp OH and Eqis Capital Management Inc.. View Insider Buying and Selling for 3M Company.
How do I buy 3M Company stock?
Shares of 3M Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is 3M Company's stock price today?
MarketBeat Community Rating for 3M Company (NYSE MMM)MarketBeat's community ratings are surveys of what our community members think about 3M Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of 3M Company stock can currently be purchased for approximately $219.24.
Consensus Ratings for 3M Company (NYSE:MMM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 3 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$212.50 (3.07% downside)|Consensus Price Target History for 3M Company (NYSE:MMM)
Analysts' Ratings History for 3M Company (NYSE:MMM)
(Data available from 10/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$205.00||N/A|
|10/11/2017||Credit Suisse Group||Reiterated Rating||Outperform||$229.00 -> $237.00||N/A|
|10/9/2017||Citigroup Inc.||Reiterated Rating||Buy||$228.00 -> $250.00||N/A|
|10/2/2017||Morgan Stanley||Boost Price Target||Underweight -> Underweight||$190.00 -> $201.00||Low|
|9/20/2017||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$185.00 -> $201.00||Low|
|9/14/2017||Bank of America Corporation||Reiterated Rating||Buy||$227.00||Medium|
|8/16/2017||Jefferies Group LLC||Reiterated Rating||Buy||$234.00||Low|
|7/28/2017||Stifel Nicolaus||Reiterated Rating||Hold||$210.00||Low|
|7/26/2017||William Blair||Reiterated Rating||Outperform||Low|
|4/27/2017||Barclays PLC||Reiterated Rating||Buy||Low|
|12/15/2016||Sanford C. Bernstein||Reiterated Rating||Market Perform||N/A|
|11/21/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||$172.96 -> $159.00||N/A|
|8/25/2016||Deutsche Bank AG||Reiterated Rating||Hold||$164.00||N/A|
|2/1/2016||Hilliard Lyons||Initiated Coverage||Neutral||N/A|
Earnings History for 3M Company (NYSE:MMM)Earnings History by Quarter for 3M Company (NYSE MMM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$2.59||$2.58||$7.86 billion||$7.81 billion||View||N/A|
|4/25/2017||Q1 2017||$2.07||$2.16||$7.48 billion||$7.69 billion||View||N/A|
|1/24/2017||Q416||$1.87||$1.88||$7.35 billion||$7.33 billion||View||N/A|
|10/25/2016||Q316||$2.14||$2.15||$7.72 billion||$7.70 billion||View||Listen|
|7/26/2016||Q216||$2.07||$2.08||$7.73 billion||$7.70 billion||View||Listen|
|4/26/2016||Q116||$1.92||$2.05||$7.33 billion||$7.41 billion||View||Listen|
|1/26/2016||Q415||$1.63||$1.66||$7.21 billion||$7.30 billion||View||Listen|
|10/22/2015||Q315||$2.01||$2.05||$7.85 billion||$7.71 billion||View||Listen|
|7/23/2015||Q215||$2.00||$2.02||$7.85 billion||$7.70 billion||View||Listen|
|4/23/2015||Q115||$1.93||$1.85||$7.85 billion||$7.60 billion||View||N/A|
|1/27/2015||Q414||$1.80||$1.81||$7.77 billion||$7.72 billion||View||N/A|
|10/23/2014||Q314||$1.96||$1.98||$8.24 billion||$8.14 billion||View||Listen|
|7/24/2014||Q214||$1.91||$1.91||$8.09 billion||$8.13 billion||View||N/A|
|4/24/2014||Q114||$1.80||$1.79||$7.96 billion||$7.80 billion||View||N/A|
|1/31/2014||Q413||$1.61||$1.62||$7.70 billion||$7.60 billion||View||N/A|
|10/24/2013||Q313||$1.75||$1.78||$7.85 billion||$7.92 billion||View||N/A|
|7/25/2013||Q2 2013||$1.71||$1.71||$7.77 billion||$7.75 billion||View||Listen|
|4/25/2013||Q1 2013||$1.65||$1.61||$7.81 billion||$7.60 billion||View||Listen|
|1/24/2013||Q4 2012||$1.41||$1.41||$7.18 billion||$7.39 billion||View||Listen|
Earnings Estimates for 3M Company (NYSE:MMM)
2017 EPS Consensus Estimate: $8.60
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for 3M Company (NYSE:MMM)
|Most Recent Dividend:||9/12/2017|
|Dividend Growth:||20.50% (3 Year Average)|
|Payout Ratio:||53.59% (Trailing 12 Months of Earnings) |
52.51% (Based on This Year's Estimates)
49.74% (Based on Next Year's Estimates)
|Track Record:||58 Years of Consecutive Dividend Growth|
Dividend History by Quarter for 3M Company (NYSE MMM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for 3M Company (NYSE:MMM)
Insider Ownership Percentage: 0.58%Insider Trades by Quarter for 3M Company (NYSE:MMM)
Institutional Ownership Percentage: 66.18%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/17/2017||Eric D Hammes||VP||Sell||1,428||$206.66||$295,110.48|| |
|8/17/2017||Frank R Jr. Little||Insider||Sell||2,719||$206.03||$560,195.57|| |
|8/11/2017||Paul A Keel||Insider||Sell||4,965||$206.16||$1,023,584.40|| |
|5/18/2017||Marlene Mary Mcgrath||VP||Sell||14,766||$194.88||$2,877,598.08|| |
|5/11/2017||James L Bauman||Insider||Sell||14,616||$195.81||$2,861,958.96|| |
|5/4/2017||Kimberly F Price||Insider||Sell||3,016||$198.11||$597,499.76|| |
|5/3/2017||Jon T Lindekugel||Insider||Sell||1,300||$197.22||$256,386.00|| |
|2/13/2017||Nicholas C Gangestad||CFO||Sell||2,888||$181.31||$523,623.28|| |
|2/13/2017||Paul A Keel||Insider||Sell||8,440||$181.24||$1,529,665.60|| |
|2/9/2017||Inge G Thulin||Chairman||Sell||7,929||$177.61||$1,408,269.69|| |
|2/8/2017||Hak Cheol Shin||Insider||Sell||47,528||$176.85||$8,405,326.80|| |
|12/13/2016||Michael F Roman||Insider||Sell||4,036||$180.00||$726,480.00|| |
|12/7/2016||Eric D Hammes||VP||Sell||436||$174.00||$75,864.00|| |
|11/17/2016||Julie L Bushman||Insider||Sell||10,424||$173.02||$1,803,560.48|| |
|11/14/2016||Eric D. Hammes||VP||Sell||504||$173.69||$87,539.76|| |
|11/4/2016||Julie L Bushman||Insider||Sell||10,771||$166.71||$1,795,633.41|| |
|8/1/2016||James L Bauman||Insider||Sell||9,066||$178.42||$1,617,555.72|| |
|7/29/2016||Khandpur K Ashish||VP||Sell||1,679||$178.39||$299,516.81|| |
|7/29/2016||Paul A Keel||Insider||Sell||3,180||$178.39||$567,280.20|| |
|5/12/2016||Jesse G Singh||SVP||Sell||10,606||$169.91||$1,802,065.46|| |
|5/11/2016||Inge G Thulin||CEO||Sell||13,947||$169.93||$2,370,013.71|| |
|5/4/2016||Joaquin Delgado||EVP||Sell||17,996||$166.81||$3,001,912.76|| |
|5/4/2016||Nicholas C Gangestad||CFO||Sell||2,612||$166.52||$434,950.24|| |
|5/2/2016||Jesse G Singh||SVP||Sell||19,352||$167.91||$3,249,394.32|| |
|4/19/2016||Michael F Roman||EVP||Sell||1,500||$170.00||$255,000.00|| |
|2/19/2016||Gregory R Page||Director||Buy||1,000||$156.63||$156,630.00|| |
|2/18/2016||Julie L. Bushman||SVP||Sell||12,068||$156.64||$1,890,331.52|| |
|2/16/2016||Hak Cheol Shin||EVP||Sell||35,441||$154.84||$5,487,684.44|| |
|2/16/2016||Jon T. Lindekugel||SVP||Sell||1,199||$155.63||$186,600.37|| |
|2/16/2016||Khandpur K. Ashish||VP||Sell||2,735||$154.89||$423,624.15|| |
|2/10/2016||Michael G. Vale||EVP||Sell||2,728||$154.80||$422,294.40|| |
|11/5/2015||Marlene Mary Mcgrath||VP||Sell||9,126||$159.26||$1,453,406.76|| |
|10/30/2015||Joaquin Delgado||EVP||Sell||11,370||$158.29||$1,799,757.30|| |
|10/28/2015||Ian F. Hardgrove||VP||Sell||2,000||$157.66||$315,320.00|| |
|10/27/2015||Inge G. Thulin||CEO||Sell||52,000||$155.85||$8,104,200.00|| |
|10/27/2015||Khandpur K. Ashish||VP||Sell||3,155||$156.60||$494,073.00|| |
|5/15/2015||Michael F Roman||EVP||Sell||6,900||$162.73||$1,122,837.00|| |
|2/6/2015||Michael G Vale||EVP||Sell||5,013||$166.38||$834,062.94|| |
|2/5/2015||Hak Cheol Shin||EVP||Sell||33,272||$165.74||$5,514,501.28|| |
|2/5/2015||Jesse G Singh||SVP||Sell||12,000||$166.06||$1,992,720.00|| |
|10/29/2014||Ian F Hardgrove||VP||Sell||10,322||$150.77||$1,556,247.94|| |
|10/28/2014||Jon T Lindekugel||SVP||Sell||1,459||$150.39||$219,419.01|| |
|8/5/2014||Inge G Thulin||CEO||Sell||13,749||$139.49||$1,917,848.01|| |
|7/29/2014||Hak Cheol Shin||EVP||Sell||17,043||$144.58||$2,464,076.94|| |
|5/16/2014||Brad Sauer||EVP||Sell||4,235||$140.11||$593,365.85|| |
|5/6/2014||Inge Thulin||CEO||Sell||9,331||$139.40||$1,300,741.40|| |
|5/1/2014||Nicholas Gangestad||VP||Sell||6,069||$140.35||$851,784.15|| |
|4/30/2014||Fred Palensky||VP||Sell||24,179||$139.12||$3,363,782.48|| |
|2/20/2014||Fred Palensky||VP||Sell||14,619||$131.76||$1,926,199.44|| |
|2/19/2014||Inge Thulin||CEO||Sell||7,959||$131.36||$1,045,494.24|| |
|2/19/2014||Michael Vale||EVP||Sell||1,500||$131.53||$197,295.00|| |
|2/18/2014||Hak Cheol Shin||EVP||Sell||3,998||$132.34||$529,095.32|| |
|1/3/2014||Hak Cheol Shin||EVP||Sell||1,870||$138.37||$258,751.90|| |
|11/15/2013||Christopher Holmes||VP||Sell||7,005||$129.69||$908,478.45|| |
|11/15/2013||Michael Vale||EVP||Sell||13,430||$129.81||$1,743,348.30|| |
|11/14/2013||Hak Cheol Shin||EVP||Sell||22,077||$129.91||$2,868,023.07|| |
|11/11/2013||Nicholas Gangestad||VP||Sell||4,598||$127.48||$586,153.04|| |
|11/8/2013||Michael Roman||SVP||Sell||4,950||$127.28||$630,036.00|| |
|11/4/2013||Julie L Bushman||EVP||Sell||19,307||$126.35||$2,439,439.45|| |
|11/1/2013||Ian F Hardgrove||VP||Sell||16,762||$125.25||$2,099,440.50|| |
|11/1/2013||Joaquin Delgado||EVP||Sell||14,838||$125.67||$1,864,691.46|| |
|10/30/2013||Marlene Mary Mcgrath||SVP||Sell||2,020||$125.59||$253,691.80|| |
|10/30/2013||Michael A Kelly||EVP||Sell||17,743||$125.28||$2,222,843.04|| |
|10/29/2013||David W Meline||SVP||Sell||2,835||$125.08||$354,601.80|| |
|10/29/2013||Inge G Thulin||CEO||Sell||5,614||$125.20||$702,872.80|| |
|8/22/2013||W James Farrell||Director||Buy||6,625||$114.41||$757,966.25|| |
|7/30/2013||Brad T Sauer||EVP||Sell||17,597||$116.60||$2,051,810.20|| |
|10/5/2012||Fred J Palensky||VP||Sell||26,522||$94.60||$2,508,981.20|| |
Headline Trends for 3M Company (NYSE:MMM)
Latest Headlines for 3M Company (NYSE:MMM)
3M Company (MMM) Chart for Friday, October, 20, 2017