New insider activity at 3M ( (MMM) ) has taken place on February 4, 2025.
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Victoria Clarke, the Executive Vice President and Chief Public Affairs Officer at 3M, has recently sold 700 shares of the company’s stock, generating proceeds of $107,947.
Recent Updates on MMM stock
In recent developments for 3M, the company has joined the US-JOINT Consortium, a strategic partnership aimed at advancing semiconductor technologies, signaling its commitment to innovation in high-performance computing solutions. This move complements 3M’s strong Q4 2024 financial performance, with a notable 21% increase in adjusted earnings per share driven by a 2.1% rise in organic revenue. Despite challenges in specific segments like Safety and Industrial, and regional weaknesses in EMEA, the company’s guidance for 2025 remains optimistic, projecting organic sales growth and improvements in operational execution. Analysts have responded positively to 3M’s strategic direction and restructuring efforts, including joining the consortium and expanding innovation, which is reflected in upgraded price targets. These changes suggest confidence in 3M’s ability to execute operational improvements and achieve significant margin expansion amid an uncertain industrial recovery.
More about 3M
YTD Price Performance: 17.35%
Average Trading Volume: 3,550,442
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $82.11B