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NYSE:MMM

3M Stock Forecast, Price & News

$161.36
-8.19 (-4.83 %)
(As of 09/21/2020 12:00 AM ET)
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Compare
Today's Range
$159.64
Now: $161.36▼
$166.67
50-Day Range
$150.41
MA: $163.19▼
$172.38
52-Week Range
$114.04
Now: $161.36▼
$182.54
Volume3.91 million shs
Average Volume3.74 million shs
Market Capitalization$92.95 billion
P/E Ratio18.29
Dividend Yield3.47%
Beta0.97
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. The company's Health Care segment offers medical and surgical supplies, skin health and infection prevention products, drug delivery and health information systems, dental and orthodontic products, and food safety products. Its Electronics and Energy segment provides optical films, packaging and interconnection devices, insulating and splicing solutions, touch screens and monitors, renewable energy component solutions, and infrastructure protection products. The company's Consumer segment offers consumer and office tapes and adhesives, repositionable notes, indexing systems, home improvement products, furnace filters, painter tapes, mounting and home care products, sponges, scouring pads, high-performance clothes, protective material products, and adhesive bandages and braces. It also provides cloud-based, conversational artificial intelligence-powered systems. It serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. 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: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.95 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

Debt

Debt-to-Equity Ratio1.77
Current Ratio1.94
Quick Ratio1.36

Price-To-Earnings

Trailing P/E Ratio18.29
Forward P/E Ratio19.56
P/E Growth2.15

Sales & Book Value

Annual Sales$32.14 billion
Price / Sales2.89
Cash Flow$11.52 per share
Price / Cash Flow14.01
Book Value$17.61 per share
Price / Book9.16

Profitability

EPS (Most Recent Fiscal Year)$9.10
Net Income$4.57 billion
Net Margins16.38%
Return on Equity46.86%
Return on Assets11.03%

Miscellaneous

Employees96,163
Outstanding Shares576,019,000
Market Cap$92.95 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$161.36
-8.19 (-4.83 %)
(As of 09/21/2020 12:00 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 been impacted by COVID-19?

3M's stock was trading at $147.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MMM shares have increased by 9.6% and is now trading at $161.36.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of 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.

When is 3M's next earnings date?

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

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) announced its quarterly earnings data on Tuesday, July, 28th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, topping the 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 was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share.
View 3M's earnings history.

How often does 3M pay dividends? What is the dividend yield for 3M?

3M announced a quarterly dividend on Thursday, August 13th. Stockholders 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 yield of 3.64%. The ex-dividend date of this dividend is Friday, August 21st.
View 3M's dividend history.

How will 3M's stock buyback program work?

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

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 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.

What price target have analysts set for MMM?

12 equities research analysts have issued twelve-month target prices for 3M's stock. Their forecasts range from $157.00 to $197.00. On average, they anticipate 3M's share price to reach $169.00 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price.
View analysts' price targets for 3M.

Are investors shorting 3M?

3M saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,710,000 shares, an increase of 15.4% from the August 15th total of 6,680,000 shares. Based on an average daily volume of 2,690,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.3% of the shares of the stock are short sold.
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), 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).
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), Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), Verizon Communications (VZ) and Pfizer (PFE).

Who are 3M's key executives?

3M's management team includes the following 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)

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 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.

Which institutional investors are selling 3M stock?

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.

Which institutional investors are buying 3M stock?

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.

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 $161.36.

How big of a company is 3M?

3M has a market capitalization of $92.95 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 9/21/2020 by MarketBeat.com Staff
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