3m Co is a specialty industrial machinery company located in Minnesota, United States, which is part of the Industrials sector, and is traded under the ticker MMM on the NYSE exchange.
3m Co stock last closed at $112.99, down 1.01% from the previous day, and has decreased 37.76% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.12 percentage points. 3m Co stock is currently +1.23% from its 52-week low of $111.62, and -39.35% from its 52-week high of $186.30.
As of Sep 23, 2022, there are 569.6M MMM shares outstanding. The market cap of MMM is $64.36B. In the last 24 hours, 3.68M MMM shares were traded.
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Investors use many financial metrics, analyses, models, and charts to gauge MMM's intrinsic value.
Using relative valuations metrics:
You can do additional valuation research on MMM's stock here.
Out of 14 Wall Street analysts who research MMM, the consensus analyst rating on 3m Co is a Sell
Chris Snyder, a bottom 25% analyst from UBS upgrades MMM to a hold rating and raises their MMM price target from $118.00 to $126.00, on Sep 9, 2022.
Nicole Deblase, a bottom 11% analyst from Deutsche Bank maintains MMM with a hold rating and lowers their MMM price target from $155.00 to $127.00, on Sep 9, 2022.
Deblase lowered her price target on 3M Company by 18.1%.
To reflect the spinoff of the company's Food Safety business*, the analyst said she adjusted her model.
"The deal was completed at an attractive implied valuation," Deblase told investors.
* From here: On 2022/08/04, 3M announced "the commencement of an exchange offer to effect the separation of its food safety business in furtherance of the previously announced Reverse Morris Trust transaction** with Neogen Corporation to be effected through the merger of Garden SpinCo Corporation, currently a wholly-owned subsidiary of 3M formed to hold the food safety business, with a subsidiary of Neogen."
** A tax avoidance transaction explained here.
Joseph O'Dea, a bottom 14% analyst from Wells Fargo maintains MMM with a hold rating and lowers their MMM price target from $144.00 to $125.00, on Sep 8, 2022.
John Walsh, a top 13% analyst from Credit Suisse maintains MMM with a hold rating and raises their MMM price target from $157.00 to $160.00, on Jul 27, 2022.
Joshua Pokrzywinski, a top 8% analyst from Morgan Stanley maintains MMM with a strong sell rating and raises their MMM price target from $126.00 to $131.00, on Jul 27, 2022.
You can dive deeper into what analysts are projecting on the 3m Co stock forecast page.
Last year, MMM earnings were $4.15B. Over the past five year, MMM's earnings have increased by -4.3% per year. This was slower than the Specialty Industrial Machinery industry average of 7.99%.
Last year, MMM revenue was $35.09B. During the last 5 year, MMM's revenue has increased by 2.82% per year. This was slower than the Specialty Industrial Machinery industry average of 3.59%.
Find out more about MMM's earnings and revenue performance here.
Over the past 12 months, insiders at MMM have bought more shares than they have sold.
Eric D. Hammes, EVP & Chief Count Gov Svc Off of MMM, was the latest MMM insider to buy. They bought $319,186.05 worth of MMM shares on Aug 17, 2022.
Learn more about who owns MMM stock here.
3m Co pays a dividend of 5.27%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.72%. If you owned $1,000 of MMM stock, you would have been paid $52.66 in the past year.
3m Co dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about 3m Co dividend yield and history here.
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