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NYSE:MMM3M Stock Price, Forecast & News

$144.60
+3.90 (+2.77 %)
(As of 04/8/2020 06:00 AM ET)
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Today's Range
$144.40
Now: $144.60
$150.64
50-Day Range
$117.87
MA: $143.41
$161.01
52-Week Range
$114.04
Now: $144.60
$219.75
Volume5.50 million shs
Average Volume4.75 million shs
Market Capitalization$83.15 billion
P/E Ratio18.51
Dividend Yield4.18%
Beta1
3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. The company's Health Care segment offers medical and surgical supplies, skin health and infection prevention products, drug delivery and health information systems, dental and orthodontic products, and food safety products. Its Electronics and Energy segment provides optical films, packaging and interconnection devices, insulating and splicing solutions, touch screens and monitors, renewable energy component solutions, and infrastructure protection products. The company's Consumer segment offers consumer and office tapes and adhesives, repositionable notes, indexing systems, home improvement products, furnace filters, painter tapes, mounting and home care products, sponges, scouring pads, high-performance clothes, protective material products, and adhesive bandages and braces. It also provides cloud-based, conversational artificial intelligence-powered systems. It serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.9Community Rank: 2.4Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 out of 5 stars


Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryIndustrial Conglomerates
SectorMulti-Sector Conglomerates
CUSIP88579Y10
Phone651-733-1110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$32.14 billion
Cash Flow$12.99 per share
Book Value$17.61 per share

Profitability

Net Income$4.57 billion

Miscellaneous

Employees96,163
Market Cap$83.15 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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3M (NYSE:MMM) Frequently Asked Questions

How has 3M's stock been impacted by COVID-19 (Coronavirus)?

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 stock has decreased by 1.8% and is now trading at $144.60. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 3M?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 3 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for 3M.

When is 3M's next earnings date?

3M is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for 3M.

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) released its quarterly earnings data on Tuesday, January, 28th. The conglomerate reported $1.95 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.10 by $0.15. The conglomerate had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.12 billion. 3M had a net margin of 14.22% and a return on equity of 51.39%. 3M's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 earnings per share. View 3M's earnings history.

How often does 3M pay dividends? What is the dividend yield for 3M?

3M declared a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, February 14th will be given a dividend of $1.47 per share on Thursday, March 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from 3M's previous quarterly dividend of $1.44. View 3M's dividend history.

How will 3M's stock buyback program work?

3M announced that its board has initiated a share repurchase plan on Tuesday, November 13th 2018, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

What guidance has 3M issued on next quarter's earnings?

3M updated its FY20 earnings guidance on Tuesday, January, 28th. The company provided EPS guidance of $9.30 to $9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.61. The company issued revenue guidance of $32 billion to $32.74 billion, compared to the consensus revenue estimate of $33.70 billion.

What price target have analysts set for MMM?

12 analysts have issued 12 month price objectives for 3M's shares. Their forecasts range from $143.00 to $194.00. On average, they anticipate 3M's share price to reach $166.33 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View analysts' price targets for 3M.

Has 3M been receiving favorable news coverage?

Media coverage about MMM stock has been trending very negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. 3M earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about3M.

Are investors shorting 3M?

3M saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 8,155,200 shares, a drop of 11.6% from the February 27th total of 9,230,000 shares. Based on an average daily volume of 3,720,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the shares of the company are sold short. View 3M's Current Options Chain.

Who are some of 3M's key competitors?

What other stocks do shareholders of 3M own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), Exxon Mobil (XOM), Intel (INTC), Verizon Communications (VZ), Boeing (BA), Home Depot (HD) and Mcdonald's (MCD).

Who are 3M's key executives?

3M's management team includes the following people:
  • Mr. Inge G. Thulin, Exec. Chairman (Age 65)
  • Mr. Michael F. Roman, CEO & Director (Age 59)
  • Mr. Nicholas C. Gangestad, Sr. VP & CFO (Age 54)
  • Mr. Ippocratis Vrohidis, VP, Corp. Controller & Chief Accounting Officer (Age 52)
  • Dr. John P. Banovetz, Sr. VP of R&D & CTO (Age 51)

What is 3M's stock symbol?

3M trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMM."

Who are 3M's major shareholders?

3M's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.03%), State of Alaska Department of Revenue (0.02%), Radnor Capital Management LLC (0.01%), Cullinan Associates Inc. (0.01%), Woodstock Corp (0.01%) and Stillwater Investment Management LLC (0.00%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, 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.

Which major investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Woodstock Corp, Cullinan Associates Inc., Stillwater Investment Management LLC, Radnor Capital Management LLC, First Financial Bank Trust Division, Independent Investors Inc., and Mitchell Sinkler & Starr PA. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Joaquin Delgado, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn. View insider buying and selling activity for 3M.

Which major investors are buying 3M stock?

MMM stock was purchased by a variety of institutional investors in the last quarter, including Deane Retirement Strategies Inc., Foundations Investment Advisors LLC, State of Alaska Department of Revenue, IBM Retirement Fund, Birch Capital Management LLC, Global Trust Asset Management LLC, Pensionfund Sabic, and American National Bank. 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.

How do I buy shares of 3M?

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

What is 3M's stock price today?

One share of MMM stock can currently be purchased for approximately $144.60.

How big of a company is 3M?

3M has a market capitalization of $83.15 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. View additional information about 3M.

What is 3M's official website?

The official website for 3M is http://www.3m.com/.

How can I contact 3M?

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.

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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