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Here's Why You Should Hold on to 3M Stock Right Now
3M Company (NYSE: MMM) is gaining from strength in the Transportation and Electronics segment and accretive acquisitions despite decreasing demand for disposable respirators and weakness in the consumer retail end markets.
Zacks
Here's Why You Should Hold on to 3M (MMM) Stock Right Now
Historical Prices for 3M
| Date | Open | Close | Daily High | Daily Low |
|---|
Price change over selected period:0%0
3M Analyst Data
Total Analysts: 82
Buy Ratings: 9 Neutral Ratings: 45 Sell Ratings: 28
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price *Price Target
Lowest: 78.00 Median: 114.56 Highest: 160.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
3M Analyst Opinions
- All
- Buy
- Hold
- Sell
| Date | Analyst | Rating | Price | |||
|---|---|---|---|---|---|---|
| 06/13/24 | Wolfe Research | Upgraded to Buy | $125 | gut | ||
| 06/07/24 | Bank of America Merrill Lynch | Upgraded to Buy | $120 | gut | ||
| 05/28/24 | Barclays Capital | Maintained Buy | $118 | gut | ||
| 05/16/24 | Vertical Research | Upgraded to Buy | $140 | gut | ||
| 05/10/24 | HSBC | Upgraded to Buy | $115 | gut | ||
| 05/01/24 | Citigroup Corp. | Maintained Hold | $100 | neutral | ||
| 05/01/24 | RBC Capital Markets | Maintained Sell | $87 | schlecht | ||
| 05/01/24 | UBS | Maintained Hold | $100 | neutral | ||
| 05/01/24 | J.P. Morgan | Upgraded to Buy | $111 | gut | ||
| 04/17/24 | J.P. Morgan | Maintained Hold | $110 | neutral | ||
| 04/08/24 | Citigroup Corp. | Maintained Hold | $98 | neutral | ||
| 04/02/24 | RBC Capital Markets | Maintained Sell | $78 | schlecht | ||
| 04/02/24 | Barclays Capital | Maintained Buy | $107 | gut | ||
| 04/02/24 | Bank of America Merrill Lynch | Maintained Hold | $100 | neutral | ||
| 03/27/24 | Mizuho | Maintained Hold | $105 | neutral | ||
| 03/20/24 | RBC Capital Markets | Maintained Sell | $84 | schlecht | ||
| 03/19/24 | Barclays Capital | Upgraded to Buy | $126 | gut | ||
| 03/11/24 | Barclays Capital | Maintained Hold | $111 | neutral | ||
| 03/07/24 | RBC Capital Markets | Maintained Sell | $84 | schlecht | ||
| 01/24/24 | Citigroup Corp. | Maintained Hold | $104 | neutral | ||
| 01/24/24 | Mizuho | Maintained Hold | $105 | neutral | ||
| 01/24/24 | RBC Capital Markets | Maintained Sell | $87 | schlecht | ||
| 01/24/24 | Wells Fargo & Co | Maintained Hold | $105 | neutral | ||
| 12/19/23 | Wells Fargo & Co | Maintained Hold | $112 | neutral | ||
| 12/04/23 | Barclays Capital | Upgraded to Hold | $107 | neutral | ||
| 10/25/23 | J.P. Morgan | Maintained Hold | $105 | neutral | ||
| 10/25/23 | RBC Capital Markets | Maintained Sell | $83 | schlecht | ||
| 10/25/23 | Citigroup Corp. | Maintained Hold | $97 | neutral | ||
| 10/25/23 | Barclays Capital | Maintained Sell | $98 | schlecht | ||
| 10/09/23 | Citigroup Corp. | Maintained Hold | $95 | neutral | ||
| 09/15/23 | HSBC | Maintained Sell | $109 | schlecht | ||
| 08/31/23 | Morgan Stanley | Upgraded to Hold | $113 | neutral | ||
| 08/29/23 | Mizuho | Maintained Hold | $120 | neutral | ||
| 08/29/23 | Wolfe Research | Upgraded to Hold | neutral | |||
| 07/26/23 | Morgan Stanley | Maintained Sell | $102 | schlecht | ||
| 07/26/23 | Citigroup Corp. | Maintained Hold | $111 | neutral | ||
| 07/26/23 | RBC Capital Markets | Maintained Sell | $100 | schlecht | ||
| 07/14/23 | Morgan Stanley | Maintained Sell | $100 | schlecht | ||
| 07/11/23 | D.A. Davidson & Co. | Maintained Buy | $159 | gut | ||
| 07/11/23 | Citigroup Corp. | Maintained Hold | $100 | neutral | ||
| 07/11/23 | Bank of America Merrill Lynch | Maintained Hold | $110 | neutral | ||
| 07/10/23 | Wells Fargo & Co | Maintained Hold | $100 | neutral | ||
| 07/10/23 | Barclays Capital | Maintained Sell | $93 | schlecht | ||
| 06/27/23 | Morgan Stanley | Maintained Sell | $100 | schlecht | ||
| 06/01/23 | UBS | Maintained Hold | $95 | neutral | ||
| 05/22/23 | RBC Capital Markets | Maintained Sell | $95 | schlecht | ||
| 04/26/23 | RBC Capital Markets | Maintained Sell | $95 | schlecht | ||
| 04/26/23 | Morgan Stanley | Maintained Sell | $102 | schlecht | ||
| 04/19/23 | Morgan Stanley | Maintained Sell | $103 | schlecht | ||
| 04/13/23 | Wells Fargo & Co | Maintained Hold | $110 | neutral |
3M Estimates* in USD
| 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|
| Revenue | - | - | - | 25,996 |
| Dividend | 3.12 | 3.06 | 3.28 | - |
| Dividend Yield (in %) | 3.10 % | 3.04 % | 3.26 % | - |
| EPS | 7.17 | - | - | 8.85 |
| P/E Ratio | 14.02 | 13.00 | 12.18 | 11.37 |
| EBIT | 5,062 | 5,469 | 5,794 | 6,249 |
| EBITDA | - | - | - | 7,937 |
| Net Profit | 3,949 | 4,271 | 4,527 | 5,887 |
| Net Profit Adjusted | 3,986 | 4,285 | 4,543 | 5,887 |
| Pre-Tax Profit | 4,897 | 5,284 | 5,624 | - |
| Net Profit (Adjusted) | 4,703 | 5,145 | 5,488 | - |
| EPS (Non-GAAP) ex. SOE | 7.17 | - | - | 8.85 |
| EPS (GAAP) | 6.62 | 7.81 | 8.25 | 9.20 |
| Gross Income | 11,127 | 11,750 | 12,033 | 15,727 |
| Cash Flow from Investing | -1,252 | -1,235 | -1,279 | -1,786 |
| Cash Flow from Operations | 4,942 | 5,518 | 5,356 | 7,783 |
| Cash Flow from Financing | -3,165 | -1,946 | -1,739 | -1,500 |
| Cash Flow per Share | 8.09 | 9.55 | 10.53 | - |
| Free Cash Flow | 2,717 | 3,475 | 3,810 | 1,603 |
| Free Cash Flow per Share | 0.25 | 2.76 | 5.29 | 2.84 |
| Book Value per Share | 10.43 | 14.37 | 18.21 | - |
| Net Debt | 4,921 | 3,238 | 2,338 | - |
| Research & Development Exp. | 1,417 | 1,430 | 1,362 | 1,967 |
| Capital Expenditure | 1,258 | 1,272 | 1,290 | 1,786 |
| Selling, General & Admin. Exp. | 5,064 | 4,626 | 4,920 | 6,392 |
| Shareholder’s Equity | 6,599 | 9,053 | 11,963 | 34,818 |
| Total Assets | 47,467 | 48,479 | 48,519 | 66,145 |
| Previous Quarter ending 03/31/24 | Current Quarter ending 06/30/24 | Next Quarter ending 09/30/24 | Current Year ending 12/31/27 | Next Year | |
|---|---|---|---|---|---|
| Earnings Estimates | |||||
| No. of Analysts | - | - | - | 14 | 1 |
| Average Estimate | - | - | - | 7.175 USD | 8.850 USD |
| Year Ago | - | - | - | 7.725 USD | 7.175 USD |
| Publish Date | - | - | - | - | - |
| Revenue Estimates | |||||
| No. of Analysts | 9 | 10 | 10 | 1 | - |
| Average Estimate | 7,628 USD | 5,873 USD | 6,064 USD | 25,996 USD | - |
| Year Ago | 7,700 USD | 7,993 USD | 8,020 USD | - | - |
| Publish Date | 4/30/2024 | 7/23/2024 | 10/22/2024 | - | - |
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet
Income Statements in Mio. USD
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Sales | 32,681.00 | 34,229.00 | 35,355.00 | 32,184.00 | 32,136.00 | 32,765.00 | 31,657.00 |
| Change of sales in % | -4.52 | -3.18 | 9.85 | 0.15 | -1.92 | 3.50 | 5.14 |
| Gross profit on sales | 14,162.00 | 14,966.00 | 16,612.00 | 15,600.00 | 15,306.00 | 16,190.00 | 15,716.00 |
| Gross profit on sales change in % | -5.37 | -9.91 | 6.49 | 1.92 | -5.46 | 3.02 | 4.94 |
| Operating income | 5,630.00 | 4,073.00 | 7,526.00 | 6,954.00 | 6,974.00 | 7,774.00 | 7,354.00 |
| Operating income change in % | 38.23 | -45.88 | 8.23 | -0.29 | -10.29 | 5.71 | 4.77 |
| Income before tax | -9,688.00 | 6,392.00 | 7,204.00 | 6,711.00 | 5,712.00 | 7,000.00 | 7,548.00 |
| Income before tax change in % | - | -11.27 | 7.35 | 17.49 | -18.40 | -7.26 | 7.02 |
| Income after tax | -6,995.00 | 5,777.00 | 5,921.00 | 5,384.00 | 4,570.00 | 5,349.00 | 4,858.00 |
| Income after tax change in % | - | -2.43 | 9.97 | 17.81 | -14.56 | 10.11 | -3.80 |
Balance Sheet in Mio. USD
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Total liabilities | 45,712.00 | 31,685.00 | 31,955.00 | 34,413.00 | 34,533.00 | 26,652.00 | 26,365.00 |
| Long-term liabilities per share | 55.04 | 40.35 | 40.08 | 45.81 | 44.00 | 33.66 | 31.40 |
| Equity | 4,868.00 | 14,770.00 | 15,117.00 | 12,931.00 | 10,126.00 | 9,848.00 | 11,622.00 |
| Equity change in % | -67.35 | -2.15 | 16.93 | 27.86 | 2.73 | -15.28 | 12.28 |
| Balance sheet total | 50,580.00 | 46,455.00 | 47,072.00 | 47,344.00 | 44,659.00 | 36,500.00 | 37,987.00 |
| Balance sheet total change in % | 8.88 | -1.31 | -0.57 | 6.01 | 22.35 | -3.91 | 15.44 |
Key Data in USD
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Sales per share | 59.00 | 60.30 | 60.40 | 55.28 | 54.92 | 54.43 | 51.67 |
| P/E ratio (year end quote, basic EPS) | - | 11.78 | 17.56 | 18.90 | 22.59 | 21.43 | 29.68 |
| P/E ratio (ear end quote, diluted EPS) | - | 11.78 | 17.56 | 18.90 | 22.59 | 21.43 | 29.68 |
| P/E ratio (year end quote) | - | 11.78 | 17.56 | 18.90 | 22.59 | 21.43 | 29.68 |
| Dividend yield in % | 5.49 | 4.97 | 3.33 | 3.36 | 3.26 | 2.86 | 2.00 |
| Equity ratio in % | 9.50 | 31.69 | 31.96 | 27.18 | 22.53 | 26.84 | 30.44 |
| Debt ratio in % | 90.38 | 68.21 | 67.89 | 72.69 | 77.33 | 73.02 | 69.41 |
3M Insider Activity
| Name | Date | shares traded | shares held | Price | type (sell/buy) | option |
|---|---|---|---|---|---|---|
| BROWN THOMAS K | 05/13/2024 | 1,957.24 | 14,396.22 | 99.63 | Buy | No |
| Sweet Thomas W | 05/13/2024 | 1,957.24 | 2,987.05 | 99.63 | Buy | No |
| Kereere Suzan | 05/13/2024 | 1,957.24 | 3,764.94 | 99.63 | Buy | No |
| PAGE GREGORY R | 05/13/2024 | 1,957.24 | 13,867.16 | 99.63 | Buy | No |
| Chow Anne H | 05/13/2024 | 1,957.24 | 1,957.24 | 99.63 | Buy | No |
| DILLON DAVID B | 05/13/2024 | 1,957.24 | 12,776.77 | 99.63 | Buy | No |
| Hood Amy | 05/13/2024 | 1,957.24 | 10,226.58 | 99.63 | Buy | No |
| Choi Audrey | 05/13/2024 | 1,957.24 | 3,346.21 | 99.63 | Buy | No |
| PIZARRO PEDRO | 05/13/2024 | 1,957.24 | 4,305.63 | 99.63 | Buy | No |
| Fitterling James R | 05/13/2024 | 1,957.24 | 11,412.01 | 99.63 | Buy | No |
| Dickson Zoe L | 04/30/2024 | 301.00 | 4,203.26 | 98.44 | Sell | No |
| Dickson Zoe L | 04/30/2024 | 983.00 | 4,504.26 | 98.44 | Buy | No |
| Chavez Rodriguez Beatriz Karina | 02/13/2024 | 426.00 | 3,965.93 | 92.32 | Sell | No |
| Dickson Zoe L | 02/04/2024 | 211.32 | 3,274.45 | n/a | Sell | No |
| Banovetz John Patrick | 02/04/2024 | 125.38 | 23,274.72 | n/a | Sell | No |
| Chavez Rodriguez Beatriz Karina | 02/04/2024 | 146.22 | 4,390.72 | n/a | Sell | No |
| Rhodes Kevin H | 02/04/2024 | 163.44 | 4,194.21 | n/a | Sell | No |
| Roman Michael F | 02/04/2024 | 791.40 | 157,520.86 | n/a | Sell | No |
| Patolawala Monish D | 02/04/2024 | 4,089.00 | 27,149.20 | n/a | Sell | No |
| Dickson Zoe L | 02/04/2024 | 203.00 | 3,282.77 | n/a | Sell | No |
| Goralski Christian T JR | 02/04/2024 | 257.00 | 1,066.26 | n/a | Sell | No |
| Rhodes Kevin H | 02/04/2024 | 157.00 | 4,200.65 | n/a | Sell | No |
| Patolawala Monish D | 02/04/2024 | 4,146.00 | 27,092.20 | n/a | Sell | No |
| Roman Michael F | 02/04/2024 | 601.00 | 157,711.26 | n/a | Sell | No |
| Chavez Rodriguez Beatriz Karina | 02/04/2024 | 145.00 | 4,391.93 | n/a | Sell | No |
3M Dividend Calendar
| Date | Name | Dividend | *yield | Currency |
|---|---|---|---|---|
| 2023 | 3M Co. | 6.00 | 5.49 | USD |
| 2022 | 3M Co. | 5.96 | 4.97 | USD |
| 2021 | 3M Co. | 5.92 | 3.33 | USD |
| 2020 | 3M Co. | 5.88 | 3.36 | USD |
| 2019 | 3M Co. | 5.76 | 3.26 | USD |
| 2018 | 3M Co. | 5.44 | 2.86 | USD |
| 2017 | 3M Co. | 4.70 | 2.00 | USD |
| 2016 | 3M Co. | 4.44 | 2.49 | USD |
| 2015 | 3M Co. | 4.10 | 2.72 | USD |
| 2014 | 3M Co. | 3.42 | 2.08 | USD |
| 2013 | 3M Co. | 2.54 | 1.81 | USD |
| 2012 | 3M Co. | 2.36 | 2.54 | USD |
| 2011 | 3M Co. | 2.20 | 2.69 | USD |
| 2010 | 3M Co. | 2.10 | 2.43 | USD |
| 2009 | 3M Co. | 2.04 | 2.47 | USD |
| 2008 | 3M Co. | 2.00 | 3.48 | USD |
| 2007 | 3M Co. | 1.92 | 2.28 | USD |
| 2006 | 3M Co. | 1.84 | 2.36 | USD |
| 2005 | 3M Co. | 1.68 | 2.17 | USD |
| 2004 | 3M Co. | 1.44 | 1.75 | USD |
| 2003 | 3M Co. | 1.32 | 1.55 | USD |
| 2002 | 3M Co. | 1.24 | 2.01 | USD |
| 2001 | 3M Co. | 1.20 | 2.03 | USD |
| 2000 | 3M Co. | 1.16 | 1.93 | USD |
| 1999 | 3M Co. | 1.12 | - | USD |
*Yield of the Respective Date
3M Co. Past Events
| Event | Actual EPS | Info | Date |
|---|---|---|---|
| Annual General Meeting | - | Annual General Meeting | 05/14/2024 |
| Press Conference | - | - | 04/30/2024 |
3M Profile
3M Co. is a technology company, which manufactures industrial, safety, and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, Consumer, and Corporate and Unallocated. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment includes electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Consumer segment covers consumer healthcare, home care, home improvement, and stationery and office products, such as consumer bandages, braces, supports, respirators, cleaning products, retail abrasives, picture hanging, and consumer air quality solutions. The Corporate and Unallocated segment refers to special items and other corporate expense-net.
Moody’s Daily Credit Risk Score
Risk
- Low
- Medium
- High
4
Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’sbalance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of creditrisk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes intoaccount day-to-day movements in market value compared to a company’s liability structure.
3M Shareholder
| Owner | in % |
|---|---|
| Freefloat | 99.91 |
| The Vanguard Group, Inc. | 8.87 |
| Vanguard Group, Inc. (Subfiler) | 8.50 |
| SSgA Funds Management, Inc. | 6.48 |
| State Street Corp. | 6.14 |
| Vanguard Total Stock Market ETF | 3.13 |
| BlackRock Fund Advisors | 2.85 |
| Vanguard 500 Index Fund | 2.56 |
| BlackRock Institutional Trust Co. NA | 2.18 |
| Geode Capital Management LLC | 2.01 |
| Schwab US Dividend Equity ETF | 1.59 |
| State Farm Investment Management Corp. | 1.50 |
| Newport Trust Co. | 1.41 |
| Fidelity 500 Index Fund | 1.21 |
| iShares Core S&P 500 ETF | 1.02 |
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
3M Management
| Name | Job |
|---|---|
| John Patrick Banovetz | CTO & EVP-Environmental Responsibility |
| Theresa E. Reinseth | Chief Accounting Officer, Senior VP & Controller |
| William M. Brown | Chief Executive Officer & Director |
| Zoe Dickson | Chief Human Resources Officer & Executive VP |
| Kevin H. Rhodes | Chief Legal Affairs Officer & Executive VP |
| Gayle Schueller | Chief Sustainability Officer & Vice President |
| Michael F. Roman | Executive Chairman |
| Mark W. Murphy | Executive VP, Chief Information & Digital Officer |
| Bryan C. Hanson | Group President & CEO-Health Care |
| Karina Chavez | Group President-Consumer Business |
| Peter D. Gibbons | Group President-Enterprise Supply Chain |
| Amy E. Hood | Independent Director |
| Anne H. Chow | Independent Director |
| Audrey Choi | Independent Director |
| David B. Dillon | Independent Director |
| Gregory R. Page | Independent Director |
| Pedro J. Pizarro | Independent Director |
| Suzan Kereere | Independent Director |
| Thomas K. Brown | Independent Director |
| Thomas W. Sweet | Independent Director |
| James R. Fitterling | Lead Independent Director |
| Monish Patolawala | President & Chief Financial Officer |
| Silvia M. Perez | President-Commercial Branding & Transportation |
| Michael M. Dai | Secretary, VP & Associate General Counsel |
| Michael A. Duran | Senior VP, Chief Ethics & Compliance Officer |
| Asraf Bhugaloo | Senior Vice President & General Auditor |
| Bruce Jermeland | Senior Vice President-Investor Relations |
| Ore Owodunni | Treasurer & Senior Vice President |
| Larry Lynott | Vice President |
| Laurie Altman | Vice President-Marketing & Sales Operations |
