3M - MMM Stock Forecast, Price & News

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.

3M Stock Performance

Shares of NYSE:MMM traded down $1.28 during midday trading on Monday, reaching $150.96. The company's stock had a trading volume of 16,112 shares, compared to its average volume of 3,223,103. 3M has a 12-month low of $125.60 and a 12-month high of $202.77. The firm has a 50 day moving average price of $136.32 and a 200-day moving average price of $145.19. The stock has a market capitalization of $85.99 billion, a P/E ratio of 21.26, a PEG ratio of 1.54 and a beta of 0.97. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.90.

3M (NYSE:MMM - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.01. The company had revenue of $8.70 billion for the quarter, compared to analysts' expectations of $8.70 billion. 3M had a net margin of 11.83% and a return on equity of 39.11%. 3M's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.59 EPS. As a group, equities analysts predict that 3M will post 10.4 earnings per share for the current year.

3M Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Monday, August 22nd will be issued a $1.49 dividend. This represents a $5.96 dividend on an annualized basis and a dividend yield of 3.95%. 3M's dividend payout ratio (DPR) is presently 83.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MMM. Credit Suisse Group raised their target price on 3M from $157.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, July 27th. Jefferies Financial Group cut their price target on 3M from $161.00 to $145.00 in a research note on Thursday, June 16th. Barclays cut their price target on 3M from $143.00 to $137.00 and set an "underweight" rating for the company in a research note on Wednesday, July 27th. UBS Group initiated coverage on 3M in a research note on Tuesday, July 26th. They set a "reduce" rating for the company. Finally, Wells Fargo & Company lifted their price target on 3M from $137.00 to $144.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, 3M currently has a consensus rating of "Hold" and a consensus target price of $152.00.

Insider Buying and Selling

In related news, EVP Zoe L. Dickson sold 2,265 shares of 3M stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $144.40, for a total value of $327,066.00. Following the sale, the executive vice president now owns 893 shares of the company's stock, valued at approximately $128,949.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 3M news, EVP Zoe L. Dickson sold 2,265 shares of the business's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $144.40, for a total transaction of $327,066.00. Following the sale, the executive vice president now owns 893 shares of the company's stock, valued at approximately $128,949.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Patrick Banovetz sold 3,145 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $150.32, for a total transaction of $472,756.40. Following the sale, the executive vice president now directly owns 14,084 shares in the company, valued at approximately $2,117,106.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,610 shares of company stock valued at $6,429,420. 0.39% of the stock is owned by company insiders.