3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments.
Read More…
Industry, Sector and Symbol
Industry Surgical & medical instruments
Sub-IndustryIndustrial Conglomerates
SectorMulti-Sector Conglomerates
Phone651-733-1110
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$32.77 billion
Profitability
Miscellaneous
Employees93,516
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable
3M (NYSE:MMM) Frequently Asked Questions
What is 3M's stock symbol?
3M trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMM."
How often does 3M pay dividends? What is the dividend yield for 3M?
3M announced a quarterly dividend on Tuesday, August 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $1.44 per share on Thursday, September 12th. This represents a $5.76 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, August 15th. View 3M's Dividend History.
How will 3M's stock buyback program work?
3M announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 13th 2018, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.
How were 3M's earnings last quarter?
3M Co (NYSE:MMM) released its quarterly earnings data on Thursday, July, 25th. The conglomerate reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.16. The conglomerate earned $8.17 billion during the quarter, compared to analyst estimates of $8.10 billion. 3M had a net margin of 15.27% and a return on equity of 55.05%. The firm's revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 earnings per share. View 3M's Earnings History.
When is 3M's next earnings date?
What guidance has 3M issued on next quarter's earnings?
3M issued an update on its FY19 earnings guidance on Thursday, July, 25th. The company provided earnings per share guidance of $9.25-9.75 for the period, compared to the Thomson Reuters consensus estimate of $9.36.
What price target have analysts set for MMM?
12 brokerages have issued 1-year target prices for 3M's stock. Their predictions range from $143.00 to $225.00. On average, they expect 3M's stock price to reach $182.08 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price. View Analyst Price Targets for 3M.
What is the consensus analysts' recommendation for 3M?
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.
Has 3M been receiving favorable news coverage?
News stories about MMM stock have trended negative recently, according to InfoTrie. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. 3M earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news articles about the conglomerate a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for 3M.
Are investors shorting 3M?
3M saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 9,610,000 shares, an increase of 18.2% from the August 30th total of 8,130,000 shares. Based on an average daily volume of 2,850,000 shares, the short-interest ratio is currently 3.4 days. Approximately 1.7% of the company's stock are sold short. View 3M's Current Options Chain.
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), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), DexCom (DXCM), Insulet (PODD), Novocure (NVCR), ABIOMED (ABMD), Hill-Rom (HRC), Haemonetics (HAE), Integra Lifesciences (IART) and Penumbra (PEN).
What other stocks do shareholders of 3M own?
Who are 3M's key executives?
3M's management team includes the folowing people:
- Mr. Inge G. Thulin, Exec. Chairman (Age 65)
- Mr. Michael F. Roman, CEO & Director (Age 59)
- Mr. Nicholas C. Gangestad, Sr. VP & CFO (Age 54)
- Mr. Ippocratis Vrohidis, VP, Corp. Controller & Chief Accounting Officer (Age 52)
- Dr. John P. Banovetz, Sr. VP of R&D & CTO (Age 51)
Who are 3M's major shareholders?
3M's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Meyer Handelman Co. (0.04%), Welch & Forbes LLC (0.03%), Park National Corp OH (0.03%), Manning & Napier Group LLC (0.03%), Gofen & Glossberg LLC IL (0.03%) and Gulf International Bank UK Ltd (0.02%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Frank R Jr Little, Gregory R Page, Hak Cheol Shin, Inge G Thulin, Ippocratis Vrohidis, Ivan K Fong, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Khandpur K Ashish, Michael F Roman, Michael G Vale, Nicholas C Gangestad and Paul A Keel. View Institutional Ownership Trends for 3M.
Which major investors are selling 3M stock?
MMM stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, XR Securities LLC, Park National Corp OH, Crossmark Global Holdings Inc., Bremer Bank National Association, Pennsylvania Trust Co, Welch & Forbes LLC and Chesley Taft & Associates LLC. Company insiders that have sold 3M company stock in the last year include Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Michael G Vale, Nicholas C Gangestad and Paul A Keel. View Insider Buying and Selling for 3M.
Which major investors are buying 3M stock?
MMM stock was bought by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Northstar Investment Advisors LLC, Keystone Financial Planning Inc., Rockland Trust Co., Pacer Advisors Inc., Hennessy Advisors Inc., First American Trust FSB and Enterprise Trust & Investment Co. 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 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 $160.43.
How big of a company is 3M?
3M has a market capitalization of $92.29 billion and generates $32.77 billion in revenue each year. The conglomerate earns $5.35 billion in net income (profit) each year or $10.46 on an earnings per share basis. 3M employs 93,516 workers across the globe.View Additional Information About 3M.
What is 3M's official website?
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.
MarketBeat Community Rating for 3M (NYSE MMM)
MarketBeat's community ratings are surveys of what our community members think about 3M and other stocks. Vote "Outperform" if you believe MMM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMM will underperform the S&P 500 over the long term. You may vote once every thirty days.
