3M NYSE: MMM is turning a corner. The company wasn’t hurt by ailing business so much as lawsuits related to legacy businesses that are now primarily in the past. The settlements may still be appealed or amended, but the $18-odd billion in damages is close to the final payments expected. The takeaway is that headwinds are diminishing for this well-positioned industrial giant, and now, catalysts are in play. 3M TodayMMM3M$101.11 +0.58 (+0.58%) 52-Week Range$71.12▼$106.04Dividend Yield2.77%Price Target$111.58A ...

Yevhenii Orlov/iStock via Getty Images MMM stock: Still a buy at near 52-week high I last wrote on the 3M Company (NYSE:MMM) stock earlier this year in February. As illustrated by the chart below, I argued for a bullish thesis based on the following considerations: 3M recently settled its class action lawsuits involving the use of PFAS (aka, the forever chemicals)and combat earplugs. These settlements could improve public perception and lead to increased investment and investor confidence. MMM's current ...

3M Company (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.What’s Aiding 3MBusiness Strength: 3M has been witnessing solid momentum in the Transportation and Electronics segment, driven by strength in electronics, automotive and aerospace, commercial branding and transportation end markets. Continued channel inventory normalization supported by the stab ...

ST. PAUL, Minn., June 13, 2024 /PRNewswire/ -- 3M (NYSE: MMM) announced that it purchased a group annuity contract and will transfer a portion of its U.S. pension payment obligations under the 3M Employee Retirement Income Plan (ERIP) to Metropolitan Tower Life Insurance Company (Met Tower Life), an insurance company. Under the contract, 3M will transfer approximately $2.5 billion of its defined benefit pension obligations and related plan assets for approximately 23,000 U.S. retirees and beneficiaries to M ...

Wall Street is warming to the industrial giant's investment proposition as a new CEO seeks to improve the company's growth rate.Bank of America Securities recently upgraded 3M (MMM -0.05%), with analyst Andrew Obin changing the stock to a buy rating from neutral and hiking his share price target to $120 from $105. This represents a more than 19% premium over the next 12 months to the current stock price.3M initiated some derisking actionsThe key to the investment case for the stock involves recognizing that ...

3M Company (NYSE:MMM) 2024 Wells Fargo Industrials Conference June 11, 2024 8:15 AM ET Company Participants Monish Patolawala - CFO Conference Call Participants Joe O'Dea - Wells Fargo Joe O'Dea All right. Good morning, everyone. We are excited to get the Wells Fargo 2024 Industrials Conference underway and thrilled to have 3M with us this morning. From the company, we have CFO, Monish Patolawala. I'm Joe O'Dea. I cover the multi-industry sector here at Wells. To kick it off, I'll turn it over to you, Monis ...

3M (MMM) closed at $100.66 in the latest trading session, marking a -0.2% move from the prior day. This change lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.35%.The maker of Post-it notes, industrial coatings and ceramics's shares have seen an increase of 1.95% over the last month, not keeping up with the Conglomerates sector's gain of 7.63% and the S&P 500's gain of 3.25%.The upcoming earnings release of 3M will be of great interest t ...

The most recent trading session ended with 3M (MMM) standing at $97.56, reflecting a -1.13% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.74%. Meanwhile, the Dow experienced a drop of 1.06%, and the technology-dominated Nasdaq saw a decrease of 0.58%.Heading into today, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 2.25% over the past month, lagging the Conglomerates sector's gain of 4.56% and the S&P 500 ...

ST. PAUL, Minn., May 29, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event:2024 Wells Fargo Industrials Conference on Tuesday, June 11, 2024. Monish Patolawala, President and Chief Financial Officer, will speak at 7:15 a.m. CT.This event will be webcast live and a replay will be available on 3M's Investor Relations website at http://investors.3M.com.About 3M3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and s ...

The industrial company's payout ratio suggests it can grow the dividend aggressively, but investors should think twice.It's been a while, but 3M (MMM 0.38%) finally and formally cut its dividend recently, approving a dividend of $0.70 for the second quarter, down from the previous quarterly payment of $1.51. Annualizing the dividend means $2.80 per share for the full year, implying a dividend yield of 2.8% using Wednesday's closing price.3M's dividend cutIt was no secret that 3M would cut its dividend since ...