3M Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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.
View analyst ratings for 3M or view top-rated stocks.

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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3M is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for 3M.

3M (NYSE:MMM) announced its quarterly earnings results on Monday, January, 25th. The conglomerate reported $2.38 EPS for the quarter, beating the consensus estimate of $2.15 by $0.23. The conglomerate had revenue of $8.58 billion for the quarter, compared to analyst estimates of $8.39 billion. 3M had a net margin of 15.65% and a trailing twelve-month return on equity of 44.77%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $2.15 earnings per share.
View 3M's earnings history.

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 34.9% and is now trading at $198.58.
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3M declared a quarterly dividend on Tuesday, February 2nd. Investors of record on Friday, February 12th will be paid a dividend of $1.48 per share on Friday, March 12th. This represents a $5.92 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Thursday, February 11th. This is an increase from 3M's previous quarterly dividend of $1.47.
View 3M's dividend history.

3M pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.01%. 3M has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of 3M is 65.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 3M will have a dividend payout ratio of 62.32% next year. This indicates that 3M will be able to sustain or increase its dividend.
View 3M's dividend history.

3M issued an update on its FY21 earnings guidance on Tuesday, January, 26th. The company provided EPS guidance of $9.20-9.70 for the period, compared to the Thomson Reuters consensus estimate of $9.52. The company issued revenue guidance of +5-8% (implying $33.8-34.8 billion), compared to the consensus revenue estimate of $33.95 billion.

11 brokers have issued 1 year price objectives for 3M's stock. Their forecasts range from $163.00 to $205.00. On average, they expect 3M's stock price to reach $184.80 in the next year. This suggests that the stock has a possible downside of 6.9%.
View analysts' price targets for 3M or view top-rated stocks among Wall Street analysts.

385 employees have rated 3M CEO Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among 3M's employees.

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), Teleflex (TFX), NovoCure (NVCR), Insulet (PODD), Abiomed (ABMD), Penumbra (PEN), Hill-Rom (HRC), Globus Medical (GMED) and Inspire Medical Systems (INSP).
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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 retail and institutional investors. Top institutional shareholders include Hamlin Capital Management LLC (0.09%), Gateway Investment Advisers LLC (0.04%), Retirement Systems of Alabama (0.04%), Royal London Asset Management Ltd. (0.04%), Welch & Forbes LLC (0.03%) and State of Alaska Department of Revenue (0.03%). Company insiders that own 3M stock include David B Dillon, Denise R Rutherford, Eric D Hammes, Gregory R Page, Ivan K Fong, Jeffrey R Lavers, Joaquin Delgado, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale 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 Retirement Systems of Alabama, State of Alaska Department of Revenue, QV Investors Inc., Burke & Herbert Bank & Trust Co., New England Research & Management Inc., Pensionfund Sabic, Accredited Investors Inc., and CHICAGO TRUST Co NA. Company insiders that have sold 3M company stock in the last year include Denise R Rutherford, 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 bought by a variety of institutional investors in the last quarter, including Clear Harbor Asset Management LLC, Monument Capital Management, Chemung Canal Trust Co., A. D. Beadell Investment Counsel Inc., Royal London Asset Management Ltd., CX Institutional, TrimTabs Asset Management LLC, and Hamlin Capital Management 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.
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One share of MMM stock can currently be purchased for approximately $198.58.

3M has a market capitalization of $115.06 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 95,000 workers across the globe.

The following companies are subsidiares of 3M: 3M Asia Holding B.V., 3M Asia Pacific UK Holding Ltd, 3M Asset Management S.a.r.l., 3M Australia Pty. Ltd., 3M Belgium bvba sprl, 3M Canada Company - Compagnie 3M Canada, 3M China Limited, 3M Deutschland GmbH, 3M EMEA GmbH, 3M Financial Management Company, 3M France S.A.S., 3M Global Capital S.a.r.l., 3M Holding Company B.V., 3M Hong Kong Limited, 3M ITALIA s.r.l., 3M India Limited, 3M Innovation Singapore Pte. Ltd., 3M Innovative Properties Company, 3M Intermediate Acquisitions B.V., 3M International Group B.V., 3M International Holding B.V., 3M International Investments B.V., 3M Japan Holdings G.K., 3M Japan Limited, 3M Japan Products Limited, 3M Korea High Tech Limited, 3M Korea Ltd, 3M Manaus Industria de Produtos Quimicos Ltda., 3M Occupational Safety LLC, 3M Panama Pacifico S. de R.L, 3M Poland Manufacturing Sp. z.o.o., 3M Precision Grinding GmbH, 3M Products Limited, 3M Purification Inc., 3M Purification SAS, 3M Real Estate GmbH & Co KG, 3M Singapore Pte. Ltd., 3M Svenska Aktiebolag, 3M Taiwan Limited, 3M Taiwan Optronics Corporation, 3M Thailand Limited, 3M United Kingdom Public Limited Company, 3M Unitek Corporation, 3M West Europe B.V., 3M Wroclaw spolka z ograniczona odpowiedzialnoscia, 3M do Brasil Ltda., ABRASIVOS, Abzil Industria e Comercio, Accuspray Application Technologies, Ace, Acelity, Acolyte Biomedica, Advanced Chemistry & Technology, Aearo Holding LLC, Aearo Intermediate LLC, Aearo LLC, Aearo Technologies, Aearo Technologies LLC, Aerion Supersonic, Alpha Beta Global Tapes And Adhesives Co, Archon Technologies, Arizant, Attenti, Avery Dennison - consumer products business, Biotrace International, Bondo, Brontes Technologies, CUNO, Capital Safety, Capital Safety Acquisitions Limited, Capital Safety Global Holdings Limited, Capital Safety Group Canada ULC, Capital Safety Group EMEA, Capital Safety North America Holdings Inc., Capital Safety North America Intermediate Holdings LLC, Ceradyne, CodeRyte, Cogent Systems, Credence Technologies, DMS Chile, Dailys, Diamond Productions, Dyneon GmbH, E Wood Holdings, EMFI SAS, Elution Technologies, Faab Fabricauto, Federal Signal Technologies, Food Diagnostics, Futuro, General Industrial Diamond Company, Grafoplast, HighJump Software, Hornell International, Hybrivet Systems, IMTEC Corp., Incavas Industria de Cabos e Vassouras, Ivera Medical, J.R. Phoenix, JJ Converting, K&H Surface Technologies, KCI Manufacturing Unlimited Company, Les Entreprises Solumed, Ligacon, Ligacon - Filtration Supplier, Lingualcare, M Modal, MModal CB Inc., MModal IP LLC, MModal LLC, MModal MQ Inc., MTI PolyFab, Medical Holdings Limited, Meguiar’s, Mercury Online Solutions, Nida-Core, Nylonge, OMNII Oral Pharmaceuticals, Original Wraps, Polyfoam Products, Polypore (Separations Media Business), Powel, Quest Technologies, Robinson Nugent, Rochford Thompson Equipment, Ross Reels, SAPO S.A.S, SBG, SCC Products Inc., Scott Health & Safety Limited, Scott Safety, Security Printing and Systems Limited, Semfinder, SoftMed Systems, Solvay Fluoropolymers, Standard Abrasives, TOP-Service für Lingualtechnik, Treo Solutions, Unifam, and Venture Tape.

3M was founded in 1902.

The official website for 3M is www.3m.com.

3M is headquartered at 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144.

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.