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: $127.4456 billion
- Outstanding Shares: 596,767,000
- 50 Day Moving Avg: $206.16
- 200 Day Moving Avg: $201.42
- 52 Week Range: $163.85 - $214.65
Sales & Book Value:
- Trailing P/E Ratio: 24.36
- Foreward P/E Ratio: 22.35
- P/E Growth: 2.49
- Annual Revenue: $30.53 billion
- Price / Sales: 4.11
- Book Value: $19.42 per share
- Price / Book: 10.84
- Annual Dividend: $4.70
- Dividend Yield: 2.2%
- EBIDTA: $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: 1.67 million shs.
- Beta: 1.08
- 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. Shareholders 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 annualized dividend and a yield of 2.23%. The ex-dividend date is Wednesday, August 23rd. View 3M Company's Dividend History.
How were 3M Company's earnings last quarter?
3M Company (NYSE:MMM) released its earnings results on Tuesday, July, 25th. The company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.59 by $0.01. The business 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%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $2.08 earnings per share. 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 EPS guidance of $8.80-9.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.98.
Where is 3M Company's stock going? Where will 3M Company's stock price be in 2017?
12 analysts have issued 1 year target prices for 3M Company's shares. Their predictions range from $159.00 to $234.00. On average, they anticipate 3M Company's share price to reach $206.56 in the next twelve months. 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, "Driven by broad-based organic growth across all segments, 3M reported strong second-quarter 2017 results with healthy year-over-year increase in earnings and revenues, although it missed both the estimates. The company has raised its earlier guidance for 2017 on strong quarterly results and improved business outlook. 3M's global footprint, diversified product portfolio and the ability to penetrate in different markets have been its forte. 3M also outperformed the industry year to date. However, increased pension expenses remain a significant headwind for 3M and erode its profitability. 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 and growth prospects. Given its international presence, adverse foreign currency translations are also likely to affect 3M’s ability to realize projected growth rates in its sales and earnings." (7/27/2017)
- 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 retail and institutional investors. Top institutional shareholders include Jensen Investment Management Inc. (0.33%), UBS Asset Management Americas Inc. (0.32%), New York State Common Retirement Fund (0.28%), Neuberger Berman Group LLC (0.27%), Bahl & Gaynor Inc. (0.20%) and Rhumbline Advisers (0.19%). 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 Cooke & Bieler LP, Focused Investors LLC, Canada Pension Plan Investment Board, Saratoga Research & Investment Management, Jensen Investment Management Inc., Cibc World Markets Corp, Prudential PLC and Schroder Investment Management Group. 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 Capital Research Global Investors, PGGM Investments, Coho Partners Ltd., Capital Wealth Planning LLC, UBS Asset Management Americas Inc., Russell Investments Group Ltd., Herndon Capital Management LLC and Decatur 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 $210.51.
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: ||$206.56 (1.88% downside)|
Analysts' Ratings History for 3M Company (NYSE:MMM)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/20/2017||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$185.00 -> $201.00||Low|
|9/15/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$209.00||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||Citigroup Inc.||Lower Price Target||Buy||$230.00 -> $228.00||Low|
|7/26/2017||Morgan Stanley||Reiterated Rating||Underweight||$191.00 -> $190.00||Low|
|7/26/2017||William Blair||Reiterated Rating||Outperform||Low|
|4/27/2017||Barclays PLC||Reiterated Rating||Buy||Low|
|4/27/2017||Credit Suisse Group||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|
|9/22/2015||Argus||Reiterated Rating||Buy||$180.00 -> $140.04||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) |
52.81% (Based on This Year's Estimates)
49.89% (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: 66.20%
(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, September, 22, 2017