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3M (MMM)
NYSE:MMM
Holding MMM?
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MMM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$85.35 - $140.72
Previous Close$134.69
Volume2.67M
Average Volume (3M)4.19M
Market Cap
$73.99B
Enterprise Value$77.42B
Total Cash (Recent Filing)$10.34B
Total Debt (Recent Filing)$13.70B
Price to Earnings (P/E)79.6
Beta0.89
Next Earnings
Oct 22, 2024EPS Estimate
$1.92Last Dividend Ex-Date
Aug 26, 2024Dividend Yield3.27%
Share Statistics
EPS (TTM)1.69
Shares Outstanding549,353,621
10 Day Avg. Volume3,000,733
30 Day Avg. Volume4,186,459
Standard Deviation0.08
R-Squared0.39
Alpha-0.00540
Financial Highlights & Ratios
Price to Book (P/B)18.89
Price to Sales (P/S)2.42
Price to Cash Flow (P/CF)18.10
P/FCF Ratio18.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.53
Enterprise Value/Gross Profit5.45
Enterprise Value/Ebitda20.70
Forecast
1Y Price Target
$136.55Price Target Upside1.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
3M News
Bulls Say, Bears Say
Bulls Say
Financial Performance2Q24 results came in ahead of expectations on EPS and operations.
Leadership ChangesThe appointment of Anurag Maheshwari as CFO came faster than expected, indicating rapid implementation of changes.
Operational ImprovementsCEO Brown articulated a number of improvement opportunities that could contribute to improving financial performance over time for MMM including through improved commercial focus, re-invigorating new product development, and reducing operational complexity.
Bears Say
Financial Obligations3M will be making payments of $1.8 billion related to its settlement with Public Water Suppliers and $1.5 billion for its Combat Arms settlement.
Growth ProspectsGiven 3M's scale and complexity, transitioning to sustainably higher growth rates may take considerable time.
Legal ChallengesThe pool of potential personal injury cases was narrowed again after a decision to defer proceedings for cases involving claims for high cholesterol and pregnancy-induced hypertension.
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Ownership Overview
0.08% Insiders
15.44% Mutual Funds
0.45% Other Institutional Investors
64.40% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MMM FAQ
What was 3M’s price range in the past 12 months?
3M lowest stock price was $85.34 and its highest was $140.72 in the past 12 months.
What is 3M’s market cap?
Currently, no data Available
When is 3M’s upcoming earnings report date?
3M’s upcoming earnings report date is Oct 22, 2024 which is in 12 days.
How were 3M’s earnings last quarter?
3M released its earnings results on Jul 26, 2024. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.683 by $0.247.
Is 3M overvalued?
According to Wall Street analysts 3M’s price is currently Undervalued.
Does 3M pay dividends?
3M pays a Quarterly dividend of $0.7 which represents an annual dividend yield of 3.27%. See more information on 3M dividends here
What is 3M’s EPS estimate?
3M’s EPS estimate is $1.92.
How many shares outstanding does 3M have?
3M has 549,353,640 shares outstanding.
What happened to 3M’s price movement after its last earnings report?
3M reported an EPS of $1.93 in its last earnings report, beating expectations of $1.683. Following the earnings report the stock price went up 22.987%.
Which hedge fund is a major shareholder of 3M?
Among the largest hedge funds holding 3M’s share is Viking Global Investors LP. It holds 3M’s shares valued at 168M.
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3M Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$136.55 (1.14% Upside)
$136.55 (1.14% Upside)
Blogger Sentiment
Bullish
MMM Sentiment 77%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 2.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $641.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 2.7%
Last 30 Days ▼ 2.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
90.50%
12-Months-Change
Fundamentals
Return on Equity
17.11%
Trailing 12-Months
Asset Growth
-11.26%
Trailing 12-Months
Company Description
3M
Founded in 1902, Minnesota-based 3M Company manufactures and sells industrial, safety and consumer products worldwide. It operates through multiple business segments including, Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The company offers its products directly to users and through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers.
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MMM Company Deck
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MMM Earnings Call
Q2 2024
0:00 / 0:00
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MMM Net sales Breakdown
33.52% Safety and Industrial
26.01% Transportation and Electronics
25.08% Health Care
15.38% Consumer
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MMM Stock 12 Month Forecast
Average Price Target
$136.55
▲(1.14% Upside)
Technical Analysis
Illinois Tool Works
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Honeywell International
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Emerson Electric Company
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Parker Hannifin
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Best Analysts Covering MMM
1 Year
1 Year Success Rate
11/17 ratings generated profit
1 Year Average Return
+6.67%
assigned a buy rating 20 days ago
Copying Andrew Obin's trades and holding each position for 1 Year would result in 64.71% of your transactions generating a profit, with an average return of +6.67% per trade.
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