3M (MMM) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 2 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MMM shares. 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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10 brokerages have issued 12 month target prices for 3M's stock. Their MMM share price forecasts range from $95.00 to $155.00. On average, they expect the company's share price to reach $122.69 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
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3M's stock was trading at $119.92 on January 1st, 2023. Since then, MMM stock has decreased by 14.5% and is now trading at $102.54.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our MMM earnings forecast.

3M (NYSE:MMM) released its quarterly earnings results on Tuesday, April, 25th. The conglomerate reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.37. The conglomerate had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.51 billion. 3M had a net margin of 16.31% and a trailing twelve-month return on equity of 36.48%. The company's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.65 earnings per share.
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3M announced a quarterly dividend on Tuesday, May 9th. Investors of record on Friday, May 19th will be paid a dividend of $1.50 per share on Monday, June 12th. This represents a $6.00 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Thursday, May 18th.
Read our dividend analysis for MMM.

ETFs with the largest weight of 3M (NYSE:MMM) stock in their portfolio include Invesco Dow Jones Industrial Average Dividend ETF (DJD), Invesco S&P Ultra Dividend Revenue ETF (RDIV), WBI Power Factor High Dividend ETF (WBIY), WBI BullBear Yield 3000 ETF (WBIG), First Trust Dow 30 Equal Weight ETF (EDOW), Victoryshares Dividend Accelerator ETF (VSDA), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL) and Invesco High Yield Equity Dividend Achievers ETF (PEY).

3M (NYSE:MMM) pays an annual dividend of $6.00 per share and currently has a dividend yield of 6.25%. MMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 66 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MMM will have a dividend payout ratio of 63.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MMM.

3M issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $8.50-$9.00 for the period, compared to the consensus estimate of $8.60. The company issued revenue guidance of $30.91 billion-$32.22 billion, compared to the consensus revenue estimate of $31.81 billion.

385 employees have rated 3M Chief Executive Officer Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among the company's employees.

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), 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.26%), State Street Corp (6.00%), Charles Schwab Investment Management Inc. (2.27%), Geode Capital Management LLC (2.08%), Flossbach Von Storch AG (1.69%) and Newport Trust Co (1.59%). Insiders that own company stock include Denise R Rutherford, Eric D Hammes, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, Jeffrey R Lavers, John Patrick Banovetz, Kevin H Rhodes, Khandpur K Ashish, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Mojdeh Poul, Rodriguez Beatriz Karin Chavez, Theresa E Reinseth, Theresa E Reinseth and Zoe L Dickson.
View institutional ownership trends.

Shares of MMM stock 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.
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One share of MMM stock can currently be purchased for approximately $102.54.

3M (NYSE:MMM) has a market capitalization of $56.57 billion and generates $33.43 billion in revenue each year. The conglomerate earns $5.78 billion in net income (profit) each year or $9.65 on an earnings per share basis.

The company employs 92,000 workers across the globe.

3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The official website for the company is www.3m.com. The conglomerate can be reached via phone at (651) 733-1110, via email at investorrelations@3m.com, or via fax at 651-733-9973.