3M Stock Forecast, Price & News

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 year. There are currently 4 sell ratings, 7 hold ratings and 2 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but 3M wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

How were 3M's earnings last quarter?

3M (NYSE:MMM) released its earnings results on Tuesday, October, 26th. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.45. The conglomerate had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.67 billion. 3M had a net margin of 17.13% and a trailing twelve-month return on equity of 44.72%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $2.43 EPS.
View 3M's earnings history.

How has 3M's stock price been impacted by 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 shares have increased by 23.7% and is now trading at $182.16.
View which stocks have been most impacted by COVID-19.

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

3M declared a quarterly dividend on Friday, August 13th. Stockholders of record on Monday, August 23rd will be paid a dividend of $1.48 per share on Sunday, September 12th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, August 20th.
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 3.25%. 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 67.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 3M will have a dividend payout ratio of 54.36% 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, October, 26th. The company provided earnings per share guidance of $9.70-$9.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.83. The company issued revenue guidance of $35.08-$35.40 billion, compared to the consensus revenue estimate of $35.15 billion.

What price target have analysts set for MMM?

13 brokers have issued twelve-month target prices for 3M's shares. Their forecasts range from $170.00 to $225.00. On average, they expect 3M's stock price to reach $195.58 in the next twelve months. This suggests a possible upside of 7.4% 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:

• Michael F. Roman, Chairman, President & Chief Executive Officer
• Monish Patolawala, Chief Financial Officer & Executive Vice President
• John Patrick Banovetz, CTO & EVP-Environmental Responsibility
• Veena M. Lakkundi, Senior VP-Strategy & Business Development
• Michael A. Duran, Vice President, Chief Ethics & Compliance Officer

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), DexCom (DXCM), Baxter International (BAX), ResMed (RMD), Fresenius SE & Co. KGaA (FSNUY), Insulet (PODD), Teleflex (TFX), Abiomed (ABMD), NovoCure (NVCR), Hill-Rom (HRC), Penumbra (PEN), Tandem Diabetes Care (TNDM) 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 retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.97%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), New York State Teachers Retirement System (0.12%), Chevy Chase Trust Holdings Inc. (0.10%), DekaBank Deutsche Girozentrale (0.10%) and Pensioenfonds Rail & OV (0.10%). Company insiders that own 3M stock include Denise R Rutherford, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, Theresa E Reinseth 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 Pensioenfonds Rail & OV, Sumitomo Mitsui Trust Holdings Inc., Exchange Traded Concepts LLC, Perigon Wealth Management LLC, Keystone Financial Planning Inc., Boston Trust Walden Corp, Brendel Financial Advisors LLC, and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH. Company insiders that have sold 3M company stock in the last year include Denise R Rutherford, Eric D Hammes, Ivan K Fong, Jeffrey R Lavers, John Patrick Banovetz, Khandpur K Ashish, Kristen M Ludgate, Michael F Roman, Michael G Vale, and Theresa E Reinseth.
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 Fisher Asset Management LLC, Private Advisor Group LLC, Assenagon Asset Management S.A., ARS Wealth Advisors Group LLC, Kestra Advisory Services LLC, Becker Capital Management Inc., Robeco Institutional Asset Management B.V., and Sciencast Management LP.
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 $182.16.

How much money does 3M make?

3M has a market capitalization of $105.40 billion and generates $32.18 billion in revenue each year. The conglomerate earns $5.38 billion in net income (profit) each year or $8.74 on an earnings per share basis.

How many employees does 3M have?

3M employs 95,000 workers across the globe.

Does 3M have any subsidiaries?

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 Espana S.L., 3M Financial Management Company, 3M France S.A.S., 3M Global Capital S.a.r.l., 3M Global Channel Services Inc., 3M Health Care Sales Limited, 3M Health Information Systems Inc., 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 Interamerica Inc., 3M Intermediate Acquisitions B.V., 3M International Group B.V., 3M International Holding B.V., 3M International Investments B.V., 3M International Trading (Shanghai) Co. Ltd., 3M Investments (China) Co. Ltd., 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 Material Technology (Suzhou) Co. Ltd., 3M Mexico Sociedad Anonima de Capital Variable, 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 Specialty Materials (Shanghai) Co. Ltd., 3M Svenska Aktiebolag, 3M Taiwan Limited, 3M Taiwan Optronics Corporation, 3M Thailand Limited, 3M UK Holdings 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, Acelity Inc., 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, Alpha Beta Global Tapes and Adhesives Co. Ltd., 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, Ceradyne Inc., Chiron Holdings Inc., CodeRyte, Cogent Systems, Credence Technologies, D B Industries LLC, 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 Cayman Holdings, KCI Europe Holding B.V., KCI Holding Company Inc., KCI International Inc., KCI Licensing Inc., KCI Manufacturing Unlimited Company, KCI UK Holdings Limited, KCI USA Inc., Kinetic Concepts Inc., Les Entreprises Solumed, Ligacon, Ligacon - Filtration Supplier, Lingualcare, M Modal, MModal IP LLC, MModal LLC, MModal MQ Inc., MModal Services Ltd., MTI PolyFab, Medical Holdings Limited, Meguiar's Inc., 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, Scott Technologies Inc., Security Printing and Systems Limited, Semfinder, SoftMed Systems, Solvay Fluoropolymers, Standard Abrasives, Systagenix Wound Management B.V., Systagenix Wound Management Limited, Systagenix Wound Management Mezz B.V., TOP-Service für Lingualtechnik, Treo Solutions, Unifam, and Venture Tape.

When was 3M founded?

3M was founded in 1902.

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 or via email at [email protected].