3M Stock Forecast, Price & News

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MMM shares have increased by 8.8% and is now trading at $160.27.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 3 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for 3M.

3M is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for 3M.

3M Co (NYSE:MMM) released its quarterly earnings data on Tuesday, July, 28th. The conglomerate reported $1.78 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.77 by $0.01. The conglomerate had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.29 billion. 3M had a net margin of 16.38% and a return on equity of 46.86%. 3M's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share.
View 3M's earnings history.

3M announced a quarterly dividend on Thursday, August 13th. Investors of record on Monday, August 24th will be paid a dividend of $1.47 per share on Saturday, September 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Friday, August 21st.
View 3M's dividend history.

3M announced that its board has authorized a share buyback program on Tuesday, November 13th 2018, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

3M updated its third quarter 2020 Pre-Market earnings guidance on Tuesday, September, 15th. The company provided earnings per share (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.

12 equities research analysts have issued 1-year target prices for 3M's shares. Their forecasts range from $157.00 to $197.00. On average, they expect 3M's stock price to reach $169.00 in the next year. This suggests a possible upside of 5.4% from the stock's current price.
View analysts' price targets for 3M.

3M saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,540,000 shares, a drop of 28.1% from the August 31st total of 7,710,000 shares. Based on an average daily trading volume, of 2,580,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.0% of the shares of the stock are short sold.
View 3M's Short Interest.

Some companies that are related to 3M include Stryker (SYK), Becton Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), Insulet (PODD), ABIOMED (ABMD), Novocure (NVCR), Penumbra (PEN), Tandem Diabetes Care (TNDM), Irhythm Technologies (IRTC) and Hill-Rom (HRC).
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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), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ) 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 Vanguard Group Inc. (7.98%), BlackRock Inc. (6.51%), Bank of New York Mellon Corp (1.24%), Charles Schwab Investment Management Inc. (1.22%), Fisher Asset Management LLC (0.77%) and FMR LLC (0.52%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ippocratis Vrohidis, 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.

MMM stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Advisor Group Holdings Inc., Nordea Investment Management AB, Two Sigma Advisers LP, Cooke & Bieler LP, First Eagle Investment Management LLC, and American International Group Inc.. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, 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.

MMM stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Federated Hermes Inc., Bank of New York Mellon Corp, FMR LLC, First Trust Advisors LP, Charles Schwab Investment Management Inc., Prudential Financial Inc., and Assenagon Asset Management S.A.. 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.

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.

One share of MMM stock can currently be purchased for approximately $160.27.

3M has a market capitalization of $92.32 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.

The official website for 3M is www.3m.com.

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.