3M - MMM Stock Forecast, Price & News

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.

3M Price Performance

Shares of NYSE:MMM traded up $2.58 during trading on Friday, hitting $152.24. 2,347,064 shares of the company's stock were exchanged, compared to its average volume of 3,493,163. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.90. 3M has a 52-week low of $125.60 and a 52-week high of $202.77. The business's 50-day simple moving average is $136.32 and its 200 day simple moving average is $145.53. The company has a market cap of $86.72 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.52 and a beta of 0.97.

3M (NYSE:MMM - Get Rating) last released its earnings results on Tuesday, July 26th. The conglomerate reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.01. 3M had a return on equity of 39.11% and a net margin of 11.83%. The firm had revenue of $8.70 billion during the quarter, compared to analysts' expectations of $8.70 billion. During the same quarter last year, the business posted $2.59 earnings per share. The firm's revenue was down 2.2% on a year-over-year basis. As a group, equities analysts predict that 3M will post 10.4 EPS for the current year.

3M Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Monday, August 22nd will be given a dividend of $1.49 per share. This represents a $5.96 annualized dividend and a dividend yield of 3.91%. 3M's dividend payout ratio is currently 83.24%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays lowered their price target on 3M from $143.00 to $137.00 and set an "underweight" rating on the stock in a report on Wednesday, July 27th. Citigroup upped their price target on 3M from $136.00 to $145.00 and gave the company a "neutral" rating in a report on Wednesday, July 27th. Wells Fargo & Company increased their target price on 3M from $137.00 to $144.00 and gave the company an "equal weight" rating in a report on Wednesday, July 27th. TheStreet downgraded 3M from a "b-" rating to a "c+" rating in a report on Wednesday, June 29th. Finally, Credit Suisse Group increased their target price on 3M from $157.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, July 27th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, 3M presently has a consensus rating of "Hold" and an average target price of $152.00.

Insider Buying and Selling

In other 3M news, EVP John Patrick Banovetz sold 3,145 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $150.32, for a total transaction of $472,756.40. Following the completion of the transaction, the executive vice president now owns 14,084 shares in the company, valued at approximately $2,117,106.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other 3M news, EVP John Patrick Banovetz sold 3,145 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $150.32, for a total transaction of $472,756.40. Following the completion of the transaction, the executive vice president now owns 14,084 shares in the company, valued at approximately $2,117,106.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael G. Vale sold 36,771 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $143.26, for a total value of $5,267,813.46. Following the transaction, the insider now owns 65,321 shares of the company's stock, valued at approximately $9,357,886.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,610 shares of company stock worth $6,429,420. 0.34% of the stock is owned by corporate insiders.