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why is 3m stock up today

by Katrina Pouros Published 3 years ago Updated 2 years ago
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Is it worth investing in 3M stock?

Apr 16, 2022 · forbes.com - January 24 at 10:32 AM. An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 26% Undervalued. finance.yahoo.com - January 3 at 12:19 PM. Insiders at 3M Company (NYSE:MMM) sold US$757k worth of stock, possibly indicating weakness in the future - Nasdaq.

Is 3m the perfect income stock?

3M Company. Analyst Report: 3M Co. 3M is a diversified industrial company with worldwide operations organized into four segments. The stock is a …

How is 3M stock doing now?

According to the current price, 3M is 72.21% away from the 52-week high. What are analysts forecasts for 3M stock? The 57 analysts offering price …

Is it time to buy 3M stock?

Jan 25, 2022 · The stock price of 3M Co (NYSE: MMM) inched slightly higher pre-market today. Q4 Highlights: — Sales of $8.6 billion, up 0.3 percent year-on-year; organic local-currency sales increased 1.3% year-on-year

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Mar 02, 2022 · 3M Company (NYSE:MMM) has seen a ~16.37% decline in its stock price since the beginning of this year. The stock is currently trading at ~14.46x FY2022 earnings and has a ~3.96% dividend yield ...

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What is the highest 3M stock has ever been?

The latest closing stock price for 3M as of May 13, 2022 is 149.30.
  • The all-time high 3M stock closing price was 258.63 on January 26, 2018.
  • The 3M 52-week high stock price is 206.81, which is 38.5% above the current share price.
  • The 3M 52-week low stock price is 139.74, which is 6.4% below the current share price.

Who owns the most 3M stock?

The Vanguard Group, Inc.
Top 10 Owners of 3M Co
StockholderStakeShares owned
The Vanguard Group, Inc.8.42%47,926,223
SSgA Funds Management, Inc.5.44%30,979,936
BlackRock Fund Advisors4.98%28,343,952
Geode Capital Management LLC1.89%10,780,080
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Is 3M overpriced?

In summary, 3M Co (NYSE:MMM, 30-year Financials) stock is estimated to be modestly overvalued. The company's financial condition is fair and its profitability is strong. Its growth ranks in the middle range of the companies in Industrial Products industry.Jun 6, 2021

Is 3M still growing?

Summary. 3M is forecasted to grow again in 2021 after two challenging years. Its CFO presented the company's growth prospects earlier this month. With growth coming back and the valuation reasonable, investors should consider buying MMM.Mar 29, 2021

Who owns 3M now?

3M headquarters in Maplewood, Minnesota
FoundersJ. Danley Budd Henry. S. Bryan William A. McGonagle John Dwan Hermon W. Cable
HeadquartersMaplewood, Minnesota , U.S.
Area servedWorldwide
Key peopleMike Roman (Chairman, President, & CEO)
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Who owns the Vanguard Group?

Vanguard is owned by the funds managed by the company and is therefore owned by its customers. Vanguard offers two classes of most of its funds: investor shares and admiral shares.

What is the problem with 3M?

The earplug litigation comes on top of a web of lawsuits with individuals, states and water authorities tied to 3M's past manufacturing of certain per- and polyfluoroalkyl chemicals, collectively known as PFAS. Settlements in those cases could total as much as $20 billion, according to Bloomberg Intelligence.Feb 13, 2022

Will 3M recover?

Is 3M Stock Expected To Rebound? While there are many near-term headwinds for the stock, I believe the long-term prospects of the company remain attractive. Its end markets are recovering and once we are past the tough comparisons for the first half of this year, its growth trajectory will improve.Mar 2, 2022

Why is 3M ethical?

Ethics & Compliance at 3M

Our strong ethical culture to do business the right way gives us the confidence to grow our business anywhere in the world. Our employees know they don't have to compromise their ethics to do business. Our customers know we are a company they can trust.

3M (MMM) Stock Sinks As Market Gains: What You Should Know

A Closer Look At 3M Company's (NYSE:MMM) Impressive ROE

3M (MMM) closed at $193.44 in the latest trading session, marking a -0.67% move from the prior day.

Why 3M (MMM) is a Top Dividend Stock for Your Portfolio

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

U.S. court revives nearly 6,000 lawsuits over 3M surgical warming device

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does 3M (MMM) have what it takes? Let's find out.

3 High-Yield Dividend Stocks That Just Went on Sale

A federal appeals court on Monday revived nearly 6,000 lawsuits alleging that a widely used device produced by 3M Co to keep surgical patients warm caused them to develop infections. The 8th U.S.

3M (MMM) is a Top-Ranked Growth Stock: Should You Buy?

Stocks that pay dividends can be a great way to combine reliable returns with long-term upside. With that, we asked some of our contributors which dividend stocks they think are on sale now. Caterpillar (NYSE: CAT), 3M (NYSE: MMM), and American Electric Power (NASDAQ: AEP) caught their attention.

Is This Industrial Giant's Stock a Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Is 3M a buy right now?

Industrial giant 3M's (NYSE: MMM) second-quarter earnings report left more questions than answers. On the plus side, the reopening of the economy is creating a positive backdrop for many of 3M's cyclically exposed businesses. First things first, it's important to note that 3M did report a good quarter, and management raised its full-year guidance.

What stocks does MarketBeat like better than 3M?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" 3M stock.

When is 3M's next earnings date?

Wall Street analysts have given 3M a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but 3M wasn't one of them.

How can I listen to 3M's earnings call?

3M is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.#N#View our earnings forecast for 3M.

How were 3M's earnings last quarter?

3M will be holding an earnings conference call on Tuesday, October 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How has 3M's stock been impacted by COVID-19 (Coronavirus)?

3M (NYSE:MMM) released its quarterly earnings results on Monday, July, 26th. The conglomerate reported $2.59 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.28 by $0.31. The conglomerate had revenue of $8.90 billion for the quarter, compared to analysts' expectations of $8.59 billion.

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

3M's stock was trading at $147.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MMM stock has increased by 27.6% and is now trading at $187.89.#N#View which stocks have been most impacted by COVID-19.

What is the movie "Not the Science Type" about?

3M declared a quarterly dividend on Friday, August 13th. Investors of record on Monday, August 23rd will be given a dividend of $1.48 per share on Sunday, September 12th. This represents a $5.92 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, August 20th.#N#View 3M's dividend history.

When is World Mask Week?

The film, produced by 3M in partnership with Generous Films and the American Association for the Advancement of Science (AAAS), features four female scientists who challenge these stereotypes, confronting discrimination as they rise to prominence in their

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Results

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3M declared a quarterly dividend on Tuesday, February 5th. Shareholders of record on Friday, February 15th will be given a dividend of $1.44 per share on Tuesday, March 12th. This represents a $5.76 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, February 14th. This is a …
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Sales

  • 3M updated its FY 2019 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of $9.25-9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.52.
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Example

  • 13 brokerages have issued 1-year price targets for 3M's stock. Their forecasts range from $154.00 to $225.00. On average, they anticipate 3M's share price to reach $197.0817 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for 3M.
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Ratings

  • 13 Wall Street analysts have issued \"buy,\" \"hold,\" and \"sell\" ratings for 3M in the last year. There are currently 3 sell ratings, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of \"Hold.\" View Analyst Ratings for 3M. News coverage about MMM stock has trended neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks th…
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Ownership

  • 3M's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.71%), US Bancorp DE (0.81%), Parnassus Investments CA (0.61%), PNC Financial Services Group Inc. (0.48%), Ronna Sue Cohen (0.47%) and Sumitomo Mitsui Trust Holdings Inc. (0.43%). Company insiders that own 3M stock include Eric D Hammes…
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Business

  • 3M has a market capitalization of $101.37 billion and generates $32.77 billion in revenue each year. The conglomerate earns $5.35 billion in net income (profit) each year or $10.46 on an earnings per share basis. 3M employs 93,516 workers across the globe.
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Location

  • 3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The conglomerate can be reached via phone at 651-733-1110.
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