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.

Analysts Set New Price Targets

Several research analysts recently weighed in on MMM shares. Morgan Stanley upped their price target on 3M from $126.00 to $131.00 and gave the company an "underweight" rating in a research report on Wednesday, July 27th. Jefferies Financial Group dropped their target price on 3M from $161.00 to $145.00 in a research report on Thursday, June 16th. Mizuho upped their target price on 3M from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 27th. Wells Fargo & Company upped their target price on 3M from $137.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 27th. Finally, Barclays dropped their target price on 3M from $143.00 to $137.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $152.00.

3M Price Performance

Shares of NYSE:MMM opened at $151.43 on Tuesday. The business has a 50 day moving average price of $136.43 and a 200 day moving average price of $145.11. 3M has a twelve month low of $125.60 and a twelve month high of $202.77. The company has a market cap of $86.25 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.54 and a beta of 0.97. The company has a quick ratio of 0.90, a current ratio of 1.47 and a debt-to-equity ratio of 1.01.

3M (NYSE:MMM - Get Rating) last announced its earnings results on Tuesday, July 26th. The conglomerate reported $2.48 earnings per share for the quarter, beating 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 the consensus estimate of $8.70 billion. During the same quarter in the prior year, the company earned $2.59 EPS. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts predict that 3M will post 10.4 earnings per share for the current year.

3M Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 22nd will be given a $1.49 dividend. The ex-dividend date of this dividend is Friday, August 19th. This represents a $5.96 dividend on an annualized basis and a dividend yield of 3.94%. 3M's dividend payout ratio is currently 83.24%.

Insiders Place Their Bets

In other 3M news, CAO Theresa E. Reinseth sold 795 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $143.32, for a total value of $113,939.40. Following the completion of the sale, the chief accounting officer now owns 1,603 shares in the company, valued at approximately $229,741.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Theresa E. Reinseth sold 795 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $143.32, for a total value of $113,939.40. Following the completion of the transaction, the chief accounting officer now directly owns 1,603 shares of the company's stock, valued at approximately $229,741.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Patrick Banovetz sold 3,145 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $150.32, for a total value of $472,756.40. Following the completion of the transaction, the executive vice president now directly owns 14,084 shares of the company's stock, valued at $2,117,106.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,976 shares of company stock worth $6,181,575. 0.39% of the stock is currently owned by company insiders.