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. Since then, MMM shares have increased by 16.7% and is now trading at $171.89.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" 3M stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MMM, but not buy additional shares or sell existing shares.
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Wall Street analysts have given 3M a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but 3M wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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385 employees have rated 3M CEO Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among 3M's employees.

3M is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for 3M.

3M will be holding an earnings conference call on Tuesday, January 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3M (NYSE:MMM) issued its quarterly earnings results on Sunday, November, 1st. The conglomerate reported $2.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.17. The conglomerate had revenue of $8.35 billion for the quarter, compared to analysts' expectations of $8.38 billion. 3M had a trailing twelve-month return on equity of 44.77% and a net margin of 15.65%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 EPS.
View 3M's earnings history.

3M declared a quarterly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be paid a dividend of $1.47 per share on Saturday, December 12th. This represents a $5.88 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, November 19th.
View 3M's dividend history.

3M pays an annual dividend of $5.88 per share and currently has a dividend yield of 3.48%. 3M has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of 3M is 64.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 3M will have a dividend payout ratio of 61.89% next year. This indicates that 3M will be able to sustain or increase its dividend.
View 3M's dividend history.

3M updated its fourth quarter 2020 Pre-Market earnings guidance on Monday, December, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $8.2-8.4 billion, compared to the consensus revenue estimate of $8.27 billion.

12 brokerages have issued 1 year target prices for 3M's stock. Their forecasts range from $157.00 to $197.00. On average, they expect 3M's stock price to reach $172.18 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price.
View analysts' price targets for 3M or view Wall Street analyst' top-rated stocks.

Some companies that are related to 3M include Stryker (SYK), Becton, Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), ResMed (RMD), Fresenius SE & Co. KGaA (FSNUY), Insulet (PODD), Teleflex (TFX), NovoCure (NVCR), Abiomed (ABMD), Penumbra (PEN), iRhythm Technologies (IRTC), Hill-Rom (HRC) and Globus Medical (GMED).
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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), The Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) 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 New York State Teachers Retirement System (0.13%), DAVENPORT & Co LLC (0.08%), Boston Trust Walden Corp (0.07%), Hikari Power Ltd (0.05%), Gateway Investment Advisers LLC (0.04%) and Manning & Napier Group LLC (0.03%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ippocratis Vrohidis, Ivan K Fong, James L Bauman, Jeffrey R Lavers, 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 BKD Wealth Advisors LLC, New York State Teachers Retirement System, Avantax Advisory Services Inc., State of Alaska Department of Revenue, Manning & Napier Group LLC, Exchange Traded Concepts LLC, Hennessy Advisors Inc., and Webster Bank N. A.. Company insiders that have sold 3M company stock in the last year include Ivan K Fong, Jeffrey R Lavers, John Patrick Banovetz, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn.
View insider buying and selling activity for 3M or view top insider-selling stocks.

MMM stock was purchased by a variety of institutional investors in the last quarter, including Kestra Advisory Services LLC, Donaldson Capital Management LLC, DNB Asset Management AS, DAVENPORT & Co LLC, BLB&B Advisors LLC, Chemung Canal Trust Co., Pacer Advisors Inc., and Kinloch Capital LLC. 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 or or view top insider-buying stocks.

Shares of MMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MMM stock can currently be purchased for approximately $171.89.

3M has a market capitalization of $99.15 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.