3M Stock Forecast, Price & News

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 8.3% and is now trading at $159.51.
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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) posted its quarterly earnings data on Tuesday, July, 28th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.77 by $0.01. The conglomerate earned $7.18 billion during the quarter, compared to the consensus estimate of $7.29 billion. 3M had a return on equity of 46.86% and a net margin of 16.38%. The company's quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS.
View 3M's earnings history.

3M declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Monday, August 24th will be given a dividend of $1.47 per share on Saturday, September 12th. This represents a $5.88 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Friday, August 21st.
View 3M's dividend history.

3M declared that its Board of Directors has initiated a stock buyback program 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 reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

3M issued an update on its third quarter 2020 Pre-Market earnings guidance on Tuesday, September, 15th. The company provided earnings per share 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 Wall Street analysts have issued twelve-month price targets for 3M's shares. 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 5.9% from the stock's current price.
View analysts' price targets for 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 trading volume of 2,690,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.3% of the shares of the company are sold short.
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), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), 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 number of institutional and retail investors. Top institutional shareholders 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 purchased 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 $159.51.

3M has a market capitalization of $91.88 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.