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NYSE:MMM

3M Stock Forecast, Price & News

Followed 120 Times  
$178.53
+0.90 (+0.51 %)
(As of 02/25/2021 02:22 PM ET)
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Compare
Today's Range
$177.50
Now: $178.53▼
$180.74
50-Day Range
$165.20
MA: $173.70▼
$186.65
52-Week Range
$114.04
Now: $178.53▼
$187.27
Volume102,083 shs
Average Volume2.98 million shs
Market Capitalization$103.39 billion
P/E Ratio20.93
Dividend Yield3.36%
Beta0.92
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers personal safety products, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules to industrial, electrical, and safety markets. The Transportation and Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive and aerospace, and commercial solutions; advanced materials; and transportation safety products to transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products to healthcare industry. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies to various consumers. This segment is also involved in the retail auto care business. It offers its products through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users. 3M Company has a strategic collaboration with Merry Maids in residential cleaning sector. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.
3M logo

Headlines

3 Reasons Why 3M Stock is an Attractive Industrial Play
February 22, 2021 |  marketbeat.com
3M launches New 3M™ Clean & Protect Certified Badge Program
February 18, 2021 |  finance.yahoo.com
ROCE Insights For 3M
February 17, 2021 |  finance.yahoo.com
Income Investors Should Know That 3M Company (NYSE:MMM) Goes Ex-Dividend Soon - Yahoo Finance
February 7, 2021 |  finance.yahoo.com
The 3M Company (NYSE:MMM) Annual Results Are Out And Analysts Have Published New Forecasts
January 28, 2021 |  finance.yahoo.com
3M Co. to Host Earnings Call
January 26, 2021 |  finance.yahoo.com
A Preview Of 3M's Earnings
January 25, 2021 |  finance.yahoo.com
A Look At 3M's (NYSE:MMM) Share Price Returns
January 8, 2021 |  finance.yahoo.com
Should You Investigate 3M Company (NYSE:MMM) At US$173?
December 11, 2020 |  finance.yahoo.com
3M Company (NYSE:MMM) Stock Goes Ex-Dividend In Just Three Days - Yahoo Finance
November 15, 2020 |  finance.yahoo.com
3M Company (NYSE:MMM) Stock Goes Ex-Dividend In Just Three Days
November 15, 2020 |  finance.yahoo.com
3M Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
October 29, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Surgical & medical instruments
Sub-IndustryIndustrial Conglomerates
SectorMulti-Sector Conglomerates
Current SymbolNYSE:MMM
Previous Symbol
CUSIP88579Y10
CIK66740
Webwww.3m.com
Phone651-733-1110
Employees96,163
Year FoundedN/A

Debt

Debt-to-Equity Ratio1.54
Current Ratio1.90
Quick Ratio1.37

Price-To-Earnings

Trailing P/E Ratio20.93
Forward P/E Ratio20.86
P/E Growth1.85

Sales & Book Value

Annual Sales$32.14 billion
Price / Sales3.22
Cash Flow$12.91 per share
Price / Cash Flow13.83
Book Value$17.61 per share
Price / Book10.14

Profitability

EPS (Most Recent Fiscal Year)$9.10
Net Income$4.57 billion
Net Margins15.65%
Return on Equity44.77%
Return on Assets10.66%

Miscellaneous

Outstanding Shares579,100,000
Market Cap$103.39 billion
Next Earnings Date4/27/2021 (Estimated)
OptionableOptionable

MarketRank™

Overall MarketRank™

2.40 out of 5 stars

Multi-Sector Conglomerates Sector

5th out of 44 stocks

Surgical & Medical Instruments Industry

1st out of 168 stocks

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$178.53
+0.90 (+0.51 %)
(As of 02/25/2021 02:22 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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3M (NYSE:MMM) Frequently Asked Questions

Is 3M a buy right now?

13 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, 7 hold ratings and 4 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.

What stocks does MarketBeat like better than 3M?

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.
View MarketBeat's top stock picks here.

When is 3M's next earnings date?

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

How were 3M's earnings last quarter?

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

How has 3M's stock price been impacted by COVID-19?

3M's stock was trading at $147.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MMM shares have increased by 21.3% and is now trading at $178.53.
View which stocks have been most impacted by COVID-19.

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

3M announced a quarterly dividend on Tuesday, February 2nd. Investors of record on Friday, February 12th will be given a dividend of $1.48 per share on Friday, March 12th. This represents a $5.92 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, February 11th. This is a boost from 3M's previous quarterly dividend of $1.47.
View 3M's dividend history.

Is 3M a good dividend stock?

3M pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.36%. 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.

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

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 earnings per share 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.

What price target have analysts set for MMM?

13 analysts have issued twelve-month target prices for 3M's stock. Their forecasts range from $157.00 to $205.00. On average, they anticipate 3M's share price to reach $178.92 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price.
View analysts' price targets for 3M or view top-rated stocks among Wall Street analysts.

Who are 3M's key executives?

3M's management team includes the following people:
  • Mr. Michael F. Roman, CEO, Pres & Chairman (Age 61, Pay $2.68M)
  • Dr. Michael G. Vale Ph.D., Exec. VP of Safety & Industrial Bus. Group (Age 55, Pay $1.19M)
  • Dr. Ashish K. Khandpur, Exec. VP of Transportation & Electronics Bus. Group (Age 53, Pay $1.06M)
  • Mr. Monish D. Patolawala, Sr. VP & CFO (Age 49)
  • Ms. Theresa E. Reinseth, VP, Corp. Controller & Chief Accounting Officer (Age 48)
  • Dr. John P. Banovetz, Sr. VP of Innovation & Stewardship and CTO (Age 52)
  • Mr. Bruce Jermeland C.F.A., VP of Investor Relations
  • Mr. Ivan K. Fong, Sr. VP, Gen. Counsel & Sec. (Age 60)
  • Michael A. Duran, VP and Chief Ethics & Compliance Officer
  • Ms. Kristen M. Ludgate, Sr. VP of HR (Age 58)

What is Mike Roman's approval rating as 3M's CEO?

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

Who are some of 3M's key competitors?

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), Haemonetics (HAE) and Globus Medical (GMED).
View all of MMM's 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), Intel (INTC), The Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Pfizer (PFE).

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.14%), Newport Trust Co (1.87%), Flossbach Von Storch AG (1.55%), Charles Schwab Investment Management Inc. (1.34%), Northern Trust Corp (1.22%) and Bank of New York Mellon Corp (1.13%). Company insiders that own 3M stock include David B Dillon, Denise R Rutherford, Eric D Hammes, Gregory R Page, Inge G Thulin, 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.

Which institutional investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, Mackenzie Financial Corp, Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, Northern Trust Corp, Greenline Partners LLC, American International Group Inc., and Newport Trust Co. 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.

Which institutional investors are buying 3M stock?

MMM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Morgan Stanley, Charles Schwab Investment Management Inc., Nuveen Asset Management LLC, Lazard Freres Gestion S.A.S., Alleghany Corp DE, and Schroder Investment Management Group. 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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is 3M's stock price today?

One share of MMM stock can currently be purchased for approximately $178.53.

How much money does 3M make?

3M has a market capitalization of $103.39 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.

How many employees does 3M have?

3M employs 96,163 workers across the globe.

What is 3M's official website?

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

Where are 3M's headquarters?

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

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 2/25/2021 by MarketBeat.com Staff
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