Should I buy or sell 3M stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 1 sell rating and 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" MMM shares. View MMM analyst ratings or view top-rated stocks .

What is 3M's stock price target for 2024?

10 Wall Street research analysts have issued 12 month price objectives for 3M's shares. Their MMM share price targets range from $87.00 to $115.00. On average, they predict the company's share price to reach $106.00 in the next year. This suggests a possible upside of 14.1% from the stock's current price. View analysts price targets for MMM or view top-rated stocks among Wall Street analysts .

How have MMM shares performed in 2024?

3M's stock was trading at $109.32 at the beginning of 2024. Since then, MMM stock has decreased by 15.0% and is now trading at $92.90. View the best growth stocks for 2024 here .

When is 3M's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our MMM earnings forecast .

How were 3M's earnings last quarter?

3M (NYSE:MMM) issued its earnings results on Tuesday, January, 23rd. The conglomerate reported $2.42 EPS for the quarter, topping the consensus estimate of $2.31 by $0.11. The conglomerate earned $8.01 billion during the quarter, compared to the consensus estimate of $7.69 billion. 3M had a positive trailing twelve-month return on equity of 62.45% and a negative net margin of 21.40%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. Read the conference call transcript .

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

3M declared a quarterly dividend on Tuesday, February 6th. Stockholders of record on Friday, February 16th will be given a dividend of $1.51 per share on Tuesday, March 12th. This represents a $6.04 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $1.50. Read our dividend analysis for MMM .

Is 3M a good dividend stock?

3M (NYSE:MMM) pays an annual dividend of $6.00 per share and currently has a dividend yield of 6.46%. MMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for MMM .

What ETFs hold 3M's stock?

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) , FT Vest DJIA Dogs 10 Target Income ETF (DOGG) , WBI Power Factor High Dividend ETF (WBIY) , WBI BullBear Yield 3000 ETF (WBIG) , ProShares Smart Materials ETF (TINT) , Victoryshares Dividend Accelerator ETF (VSDA) and First Trust Dow 30 Equal Weight ETF (EDOW) .

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

3M issued an update on its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided EPS guidance of 9.350-9.750 for the period, compared to the consensus estimate of 9.810. The company issued revenue guidance of $31.5 billion-$32.1 billion, compared to the consensus revenue estimate of $32.4 billion.

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

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.

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) , 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 major shareholders?

3M's stock is owned by many different institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.19%), Newport Trust Company LLC (1.46%), Flossbach Von Storch AG (1.03%), Norges Bank (0.83%), Nuance Investments LLC (0.70%) and Pacer Advisors Inc. (0.69%). Insiders that own company stock include Denise R Rutherford , Eric D Hammes, Eric D Hammes , Ivan K Fong , 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 and Zoe L Dickson . View institutional ownership trends .

How do I buy shares of 3M?

Shares of MMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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 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 Innovation Limited, 3M Japan Limited, 3M Japan Products Limited, 3M Korea Co. 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 Technical Ceramics Inc., 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, 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 Cayman Holdings II, 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. Read More

Lowest-Rated StocksLowest-Rated

NYSE:MMM

3M (MMM) Stock Price, News & Analysis

$92.90

-0.30 (-0.32%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $92.39
▼
$93.30
50-Day Range: $92.73
▼
$109.98
52-Week Range: $85.35
▼
$115.62

Volume: 3.67 million shs
Average Volume: 4.49 million shs
Market Capitalization: $51.35 billion

P/E Ratio: N/A
Dividend Yield: 6.46%
Price Target: $106.00

Get 3M alerts:

3M MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.90 Rating Score
Upside/Downside: 14.1% Upside
$106.00 Price Target
Short Interest: Healthy
1.27% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.89
Upright™ Environmental Score
News Sentiment: 1.48
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.26%
From $9.56 to $10.35 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Multi-Sector Conglomerates Sector

1st out of 17 stocks

Surgical & Medical Instruments Industry

6th out of 91 stocks

3.0

Analyst's Opinion

Consensus Rating
3M has received a consensus rating of Reduce. The company's average rating score is 1.90, and is based on no buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $106.00, 3M has a forecasted upside of 14.1% from its current price of $92.90.
Amount of Analyst Coverage
3M has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.27% of the float of 3M has been sold short.
Short Interest Ratio / Days to Cover
3M has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in 3M has recently decreased by 4.74%, indicating that investor sentiment is improving.

4.2

Dividend Strength

Dividend Leadership
3M is a leading dividend payer. It pays a dividend yield of 6.46%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
3M has been increasing its dividend for 67 years.
Dividend Sustainability
Based on earnings estimates, 3M will have a dividend payout ratio of 57.97% next year. This indicates that 3M will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
3M has received a 22.26% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Dental health products", "Safety goggles", and "Protective clothing" products. See details.
Environmental Sustainability
The Environmental Impact score for 3M is -2.89.

4.2

News and Social Media Coverage

News Sentiment
3M has a news sentiment score of 1.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.87 average news sentiment score of Multi-Sector Conglomerates companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for 3M this week, compared to 7 articles on an average week.
Search Interest
235 people have searched for MMM on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.
MarketBeat Follows
76 people have added 3M to their MarketBeat watchlist in the last 30 days. This is an increase of 69% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, 3M insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.34% of the stock of 3M is held by insiders.
Percentage Held by Institutions
65.24% of the stock of 3M is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for 3M are expected to grow by 8.26% in the coming year, from $9.56 to $10.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 3M is -7.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of 3M is -7.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
3M has a PEG Ratio of 1.34. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
3M has a P/B Ratio of 10.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About 3M Stock (NYSE:MMM)

Since its inception in 1902, 3M (originally Minnesota Mining and Manufacturing Company) has become one of the world's most successful companies. From its humble beginnings in Two Harbors, Minnesota, 3M has become an American multinational conglomerate that operates in the worker safety, U.S. health care and consumer goods industries.

Today, 3M, headquartered in Maplewood, Minnesota, produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films.

In 2021, 3M reported total sales of $35.4 billion and ranked 102 on the Fortune 500 list of the largest United States corporations by total revenue. The company had approximately 95,000 employees and operations in over 70 countries in 2021.

3M has been a leader in innovation since its inception. In 1924, 3M obtained its first patent and launched its Pollution Prevention Pays program. Through this program, 3M reduced releases of toxic pollutants by 99% and greenhouse gas emissions by 72%. 3M has also earned the United States Environmental Protection Agency's Energy Star Award.

In 1947, 3M began producing perfluorooctanoic acid (PFOA) by electrochemical fluorination. In 1951, DuPont purchased PFOA from 3M for use in the manufacturing of Teflon. In 1952, Patsy Sherman and Samuel Smith discovered the original formula for Scotchgard, a water-repellent applied to fabrics. In the late 1950s, 3M produced the first asthma inhaler. 3M entered the pharmaceutical industry in the mid-1960s by acquiring Riker Laboratories. In the mid-1990s, 3M Pharmaceuticals made the first CFC-free asthma inhaler.

In 2000, 3M began phasing out perfluoro sulfonic acid (PFOS), perfluorooctanoic acid and PFOS-related products. In 2010, the state of Minnesota sued 3M for $5 billion in punitive damages. In 2018, the company settled the case with $850 million. The settlement included a commitment to spend $35 million on research, monitoring, and education to help protect and restore natural resources.

In 2016, 3M completed a 400,000-square-foot research-and-development building that cost $150 million on its Maplewood campus. In 2017, 3M reported net sales of $31.657 billion. In 2020, 3M divested its drug delivery business to an affiliate of Altaris Capital Partners LLC, for approximately $650 million. In 2021, 3M merged its food-safety business with food testing and animal healthcare maker Neogen.

Recently, 3M has been in the news for producing PFAS, or "forever chemicals." These chemicals make coatings and products that resist grease, heat, water and oil. Recent studies have suggested that these chemicals are far more hazardous to human health than previously thought. In response, 3M has announced that it will be phasing out PFAS in its products by the end of 2025, which should hit the company between $1.3 and $2.3 billion in the coming years.

3M has also been in the news due to its perfluoroethane (CF4) emissions from its chemical plant in Cordova, Illinois. The CF4 is 7,380 times more potent than carbon dioxide as a greenhouse gas and remains in the atmosphere for 50,000 years. 3M has agreed to meet the EPA's hazardous waste incineration standards and reduce its CF4 emissions by 99.95%.

MMM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MMM Stock News Headlines

February 10, 2024 | finance.yahoo.com

3M (NYSE:MMM) Will Pay A Larger Dividend Than Last Year At $1.51

February 9, 2024 | incomeinvestors.com

3M Stock a Contrarian Opportunity With Attractive Dividends

February 12, 2024 | Stansberry Research (Ad)

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February 9, 2024 | americanbankingnews.com

3M Co. (MMM) The Story Behind The Stats: Analyzing Their Latest Financial Filing

February 7, 2024 | stockhouse.com

3M M*Modal AI-powered radiology speech reporting solution is again honored by the #1 Best in KLAS award for the third consecutive year

February 4, 2024 | americanbankingnews.com

3M (NYSE:MMM) Given Consensus Rating of "Reduce" by Brokerages

February 2, 2024 | seekingalpha.com

3M: A Dividend Cut Is Needed To Boost Price Recovery

January 29, 2024 | msn.com

3M (NYSE:MMM) Slips amid Earplug Settlement Efforts

February 12, 2024 | DTI (Ad)

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January 29, 2024 | msn.com

3M earplug settlement set to exceed 98% participation

January 28, 2024 | seekingalpha.com

3M: Don't Overcomplicate Its Turnaround Thesis

January 26, 2024 | seekingalpha.com

3M: A Conglomerate Bargain With A 6% Yield

January 25, 2024 | finance.yahoo.com

3M Company (NYSE:MMM) Q4 2023 Earnings Call Transcript

January 24, 2024 | msn.com

3M Earnings Transcript (NYSE:MMM)

January 24, 2024 | seekingalpha.com

3M Company Sold Off 11.03% On Earnings And I Think It's An Overreaction

January 24, 2024 | finance.yahoo.com

3M Co (MMM) Surpasses Earnings and Cash Flow Expectations in Q4

January 24, 2024 | markets.businessinsider.com

The Analyst Verdict: 3M In The Eyes Of 5 Experts

January 24, 2024 | seekingalpha.com

3M: Major Lawsuits Damaging Shareholder Value

January 23, 2024 | seekingalpha.com

3M: Weak Outlook Sends Shares Lower

January 23, 2024 | seekingalpha.com

3M: Small Beat But Weak Guidance

January 23, 2024 | msn.com

3M’s stock declines on disappointing earnings guidance

January 23, 2024 | msn.com

Why Is Post-It Maker 3M Stock Sinking Premarket Tuesday?

January 21, 2024 | finance.yahoo.com

3M Company (NYSE:MMM) is favoured by institutional owners who hold 65% of the company

January 3, 2024 | seekingalpha.com

3M: Still A Buy Despite The Rebound

January 3, 2024 | seekingalpha.com

3M Company: The Picture Is Getting A Bit Brighter

January 2, 2024 | seekingalpha.com

A Bold Prediction: I Believe 3M Could Double

January 1, 2024 | seekingalpha.com

3M: Not The Time To Buy Just Yet

See More Headlines

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Company Calendar

Ex-Dividend for 12/12 Dividend: 11/16/2023
Dividend Payable: 12/12/2023
Last Earnings: 1/23/2024
Today: 2/11/2024
Ex-Dividend for 3/12 Dividend: 2/15/2024
Dividend Payable: 3/12/2024
Next Earnings (Estimated): 4/23/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Multi-Sector Conglomerates
Industry: Surgical & medical instruments
Sub-Industry: Industrial Conglomerates
Current Symbol: NYSE:MMM
CUSIP: 88579Y10
CIK: 66740
Web: www.3m.com
Phone: (651) 733-1110
Fax: 651-733-9973
Employees: 92,000
Year Founded: 1902

Price Target and Rating

Average Stock Price Target: $106.00
High Stock Price Target: $115.00
Low Stock Price Target: $87.00
Potential Upside/Downside: +14.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.90
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($12.63)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.72
P/E Growth: 1.34
Net Income: $-6,995,000,000.00
Net Margins: -21.40%
Pretax Margin: -29.64%
Return on Equity: 62.45%
Return on Assets: 10.45%

Debt

Debt-to-Equity Ratio: 2.69
Current Ratio: 1.07
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $32.68 billion
Price / Sales: 1.57
Cash Flow: $12.87 per share
Price / Cash Flow: 7.22
Book Value: $8.81 per share
Price / Book: 10.54

Miscellaneous

Outstanding Shares: 552,700,000
Free Float: 550,821,000
Market Cap: $51.35 billion
Optionable: Optionable
Beta: 1.02

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Key Executives

Mr. Michael F. Roman (Age 64)
Chairman & CEO
Comp: $3.03M
Mr. Monish D. Patolawala (Age 52)
Executive VP & CFO
Comp: $2.09M
Mr. Peter D. Gibbons (Age 63)
Group President of Enterprise Operations
Comp: $1.33M
Ms. Theresa E. Reinseth (Age 51)
Senior VP, Corporate Controller & Chief Accounting Officer
Dr. John P. Banovetz (Age 56)
Executive VP, CTO & Environmental Responsibility
Mr. Mark W. Murphy II (Age 56)
Executive VP and Chief Information & Digital Officer
Mr. Bruce Jermeland C.F.A.
Vice President of Investor Relations
Michael A. Duran
Senior VP and Chief Ethics & Compliance Officer
Mr. Kevin H. Rhodes (Age 61)
Executive VP & Chief Legal Affairs Officer
Ms. Zoe L. Dickson (Age 50)
Executive VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MMM Stock Analysis - Frequently Asked Questions

Should I buy or sell 3M stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 1 sell rating and 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" MMM shares.
View MMM analyst ratings or view top-rated stocks.
What is 3M's stock price target for 2024?: 10 Wall Street research analysts have issued 12 month price objectives for 3M's shares. Their MMM share price targets range from $87.00 to $115.00. On average, they predict the company's share price to reach $106.00 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
View analysts price targets for MMM or view top-rated stocks among Wall Street analysts.
How have MMM shares performed in 2024?: 3M's stock was trading at $109.32 at the beginning of 2024. Since then, MMM stock has decreased by 15.0% and is now trading at $92.90.
View the best growth stocks for 2024 here.
When is 3M's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our MMM earnings forecast.
How were 3M's earnings last quarter?: 3M (NYSE:MMM) issued its earnings results on Tuesday, January, 23rd. The conglomerate reported $2.42 EPS for the quarter, topping the consensus estimate of $2.31 by $0.11. The conglomerate earned $8.01 billion during the quarter, compared to the consensus estimate of $7.69 billion. 3M had a positive trailing twelve-month return on equity of 62.45% and a negative net margin of 21.40%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS.
Read the conference call transcript.
How often does 3M pay dividends? What is the dividend yield for 3M?: 3M declared a quarterly dividend on Tuesday, February 6th. Stockholders of record on Friday, February 16th will be given a dividend of $1.51 per share on Tuesday, March 12th. This represents a $6.04 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $1.50.
Read our dividend analysis for MMM.
Is 3M a good dividend stock?: 3M (NYSE:MMM) pays an annual dividend of $6.00 per share and currently has a dividend yield of 6.46%. MMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MMM.
What ETFs hold 3M's stock?: 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), FT Vest DJIA Dogs 10 Target Income ETF (DOGG), WBI Power Factor High Dividend ETF (WBIY), WBI BullBear Yield 3000 ETF (WBIG), ProShares Smart Materials ETF (TINT), Victoryshares Dividend Accelerator ETF (VSDA) and First Trust Dow 30 Equal Weight ETF (EDOW).

What guidance has 3M issued on next quarter's earnings?: 3M issued an update on its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided EPS guidance of 9.350-9.750 for the period, compared to the consensus estimate of 9.810. The company issued revenue guidance of $31.5 billion-$32.1 billion, compared to the consensus revenue estimate of $32.4 billion.
What is Mike Roman's approval rating as 3M's CEO?: 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.
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), 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 major shareholders?: 3M's stock is owned by many different institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.19%), Newport Trust Company LLC (1.46%), Flossbach Von Storch AG (1.03%), Norges Bank (0.83%), Nuance Investments LLC (0.70%) and Pacer Advisors Inc. (0.69%). Insiders that own company stock include Denise R Rutherford, Eric D Hammes, Eric D Hammes, Ivan K Fong, 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 and Zoe L Dickson.
View institutional ownership trends.
How do I buy shares of 3M?: Shares of MMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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 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 Innovation Limited, 3M Japan Limited, 3M Japan Products Limited, 3M Korea Co. 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 Technical Ceramics Inc., 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, 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 Cayman Holdings II, 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.
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This page (NYSE:MMM) was last updated on 2/12/2024 by MarketBeat.com Staff

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