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NYSE:MMM

3M Stock Forecast, Price & News

$159.96
+1.48 (+0.93 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$157.00
Now: $159.96
$159.96
50-Day Range
$158.48
MA: $165.54
$172.38
52-Week Range
$114.04
Now: $159.96
$182.54
Volume2.23 million shs
Average Volume3.51 million shs
Market Capitalization$92.27 billion
P/E Ratio18.14
Dividend Yield3.71%
Beta0.97
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.29 out of 5 stars

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryIndustrial Conglomerates
CUSIP88579Y10
Phone651-733-1110
Employees96,163

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$32.14 billion
Cash Flow$11.34 per share
Book Value$17.61 per share

Profitability

Net Income$4.57 billion

Miscellaneous

Market Cap$92.27 billion
Next Earnings Date1/26/2021 (Estimated)
OptionableOptionable
$159.96
+1.48 (+0.93 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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3M (NYSE:MMM) Frequently Asked Questions

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

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MMM shares have increased by 8.6% and is now trading at $159.96.
View which stocks have been most impacted by COVID-19
.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 2 sell ratings, 9 hold ratings and 2 buy ratings 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 Tuesday, January 26th 2021.
View our earnings forecast for 3M
.

How were 3M's earnings last quarter?

3M (NYSE:MMM) announced its quarterly earnings data on Sunday, November, 1st. The conglomerate reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.17. The conglomerate earned $8.35 billion during the quarter, compared to the consensus estimate of $8.38 billion. 3M had a return on equity of 46.86% and a net margin of 16.38%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 EPS.
View 3M's earnings history
.

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

3M declared a quarterly dividend on Thursday, August 13th. Stockholders of record on Monday, August 24th will be given a dividend of $1.47 per share on Saturday, September 12th. This represents a $5.88 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Friday, August 21st.
View 3M's dividend history
.

How will 3M's stock buyback program work?

3M announced that its board has authorized a share buyback program on Tuesday, November 13th 2018, which authorizes the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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

3M updated its third quarter 2020 Pre-Market earnings guidance on Tuesday, September, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.2-8.3 billion, compared to the consensus revenue estimate of $8.01 billion.

What price target have analysts set for MMM?

13 brokers have issued twelve-month price objectives for 3M's shares. Their forecasts range from $157.00 to $197.00. On average, they anticipate 3M's stock price to reach $170.17 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts' price targets for 3M
.

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), Intel (INTC), The Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Pfizer (PFE).

Who are 3M's key executives?

3M's management team includes the following people:
  • Mr. Michael F. Roman, CEO, Pres & Chairman (Age 60, Pay $2.68M)
  • Dr. Michael G. Vale Ph.D., Exec. VP of Safety & Industrial Bus. Group (Age 54, Pay $1.19M)
  • Dr. Ashish K. Khandpur, Exec. VP of Transportation & Electronics Bus. Group (Age 52, Pay $1.06M)
  • Mr. Monish D. Patolawala, Sr. VP & CFO (Age 48)
  • Ms. Theresa E. Reinseth, VP, Corp. Controller & Chief Accounting Officer (Age 47)

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 investors include DekaBank Deutsche Girozentrale (0.10%), Envestnet Asset Management Inc. (0.09%), Keybank National Association OH (0.09%), Hamlin Capital Management LLC (0.09%), DAVENPORT & Co LLC (0.08%) and Prudential PLC (0.07%). 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 Assenagon Asset Management S.A., Gateway Investment Advisers LLC, KBC Group NV, Standard Life Aberdeen plc, Nissay Asset Management Corp Japan ADV, Redpoint Investment Management Pty Ltd, Cambiar Investors LLC, and State of New Jersey Common Pension Fund D. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, 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 LSV Asset Management, DekaBank Deutsche Girozentrale, Robeco Institutional Asset Management B.V., Hamlin Capital Management LLC, DAVENPORT & Co LLC, State of Alaska Department of Revenue, Candriam Luxembourg S.C.A., and Garland Capital Management Inc.. 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 $159.96.

How big of a company is 3M?

3M has a market capitalization of $92.27 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.

What is 3M's official website?

The official website for 3M is 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 10/31/2020 by MarketBeat.com Staff

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