3M - MMM 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 3 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MMM shares. 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.
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11 Wall Street analysts have issued twelve-month price targets for 3M's shares. Their MMM share price forecasts range from $105.00 to $155.00. On average, they expect the company's stock price to reach $124.62 in the next twelve months. This suggests a possible upside of 23.2% from the stock's current price.
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3M's stock was trading at $119.92 at the start of the year. Since then, MMM stock has decreased by 15.7% and is now trading at $101.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our MMM earnings forecast.

3M (NYSE:MMM) announced its earnings results on Tuesday, January, 24th. The conglomerate reported $2.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by $0.06. The conglomerate had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.09 billion. 3M had a net margin of 16.88% and a trailing twelve-month return on equity of 39.72%. The business's revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share.
Read the conference call transcript.

3M declared a quarterly dividend on Tuesday, February 7th. Investors of record on Friday, February 17th will be paid a dividend of $1.50 per share on Sunday, March 12th. This represents a $6.00 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, February 16th. This is a boost from the stock's previous quarterly dividend of $1.49.
Read our dividend analysis for MMM.

ETFs with the largest weight of 3M (NYSE:MMM) stock in their portfolio include Invesco Dow Jones Industrial Average Dividend ETF (DJD), Invesco S&P Ultra Dividend Revenue ETF (RDIV), WBI Power Factor High Dividend ETF (WBIY), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Victoryshares Dividend Accelerator ETF (VSDA), First Trust Dow 30 Equal Weight ETF (EDOW), WBI BullBear Yield 3000 ETF (WBIG) and ETC 6 Meridian Mega Cap Equity ETF (SIXA).

3M (NYSE:MMM) pays an annual dividend of $6.00 per share and currently has a dividend yield of 5.75%. MMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 66 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MMM will have a dividend payout ratio of 65.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MMM.

3M updated its FY23 earnings guidance on Tuesday, January, 24th. The company provided EPS guidance of $8.50-9.00 for the period, compared to the consensus estimate of $10.23.

385 employees have rated 3M Chief Executive Officer Mike Roman on Glassdoor.com. Mike Roman has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Intel (INTC), 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 many different retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.39%), Geode Capital Management LLC (1.97%), Morgan Stanley (1.96%), Newport Trust Co (1.62%), Flossbach Von Storch AG (1.61%) and Moneta Group Investment Advisors LLC (1.21%). Insiders that own company stock include Denise R Rutherford, Eric D Hammes, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, Jeffrey R Lavers, John Patrick Banovetz, Kevin H Rhodes, Khandpur K Ashish, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Mojdeh Poul, Rodriguez Beatriz Karin Chavez, Theresa E Reinseth, Theresa E Reinseth, Ty R Silberhorn and Zoe L Dickson.
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Shares of MMM stock 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 $101.14.

3M (NYSE:MMM) has a market capitalization of $55.68 billion and generates $34.23 billion in revenue each year. The conglomerate earns $5.78 billion in net income (profit) each year or $10.15 on an earnings per share basis.

The company employs 92,000 workers across the globe.

3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The official website for the company is www.3m.com. The conglomerate can be reached via phone at (651) 733-1110, via email at investorrelations@3m.com, or via fax at 651-733-9973.