Blue-chip consumer goods conglomerate 3M Co (NYSE:MMM) is 1.4% higher this morning to trade at $98.69, after HSBC upgraded the stock to "buy" and raised its price target to $115. In the bull note, the analyst pointed towards an improving macroeconomic backdrop that could help 3M see more growth. 3M stock is now within a chip-shot of its May 1, 16-month high of $99.70. The shares' 30-day moving average caught a mid-April pullback, a trendline that's alternated between support and resistance during MMM's zig ...

3M (MMM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of Post-it notes, industrial coatings and ceramics have returned +3.2%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Diversified Operations industry, which 3M falls in, has gained 1.6%. The key question now is: What could be the stock's futu ...

May has historically been a month of market uncertainty on Wall Street, often characterized by the adage “Sell in May and go away.” While this strategy might not always hold true, it highlights the potential for increased volatility. The prospect of a market correction can be daunting as investors grapple with ongoing geopolitical tensions, sticky inflation levels and interest rate uncertainties. However, periods of heightened choppiness can present valuable opportunities to patient investors with stocks to ...

$67 million investment will create about 40 new jobsST. PAUL, Minn., May 3, 2024 /PRNewswire/ -- A new 90,000-square-foot expansion at 3M's facility in Valley, Nebraska, will increase the plant's manufacturing capacity and add new jobs to the community. The $67 million investment includes new production lines, equipment and a warehouse, and will help 3M more quickly meet customer demand for the company's personal safety products. The expansion of the plant is expected to create about 40 new jobs. A new 9 ...

SAN RAFAEL, CALIFORNIA - APRIL 30: 3M adhesive products are displayed at a Home Depot store on April ... [+] 30, 2024 in San Rafael, California. 3M reported first quarter earnings that had mixed results. The company reported net income of $928 million compared to $976 million one year ago. (Photo by Justin Sullivan/Getty Images)Getty Images3M (NYSE: MMM) recently reported its Q1’24 results, with revenues and earnings beating the street estimates. The company reported revenue of $7.72 billion and earnings of ...

As expected, 3M plans to reset its dividend after spinning off its healthcare unit.3M (MMM 2.00%) has been a dividend stalwart. The industrial conglomerate has paid dividends to its shareholders for over a century without interruption and has raised its payout annually for more than 60 straight years. The company's dividend-growth streak currently qualifies it as a Dividend King, a term  for companies that have increased their payouts for at least 50 years in a row. However, 3M is about to make a big change ...

Ashish Kurmi (left) and Varun Sharma, co-founders of StepSecurity. (StepSecurity Photo)StepSecurity, a Seattle-area startup aiming to help developers secure their projects, raised a $3 million seed round led by Runtime Ventures. Founded in 2022 by former Microsoft engineers and cybersecurity veterans Ashish Kurmi and Varun Sharma, StepSecurity focuses on CI/CD, an industry term known as continuous integration and continuous delivery that describes the process of automating the development and deployment of ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key Takeaways3M exceeded estimates for profit and sales in the first quarter while saying that its spinoff of health care unit Solventum means it won't be increasing its dividend. The multinational conglomerate said its dividend would now be based on its free cash flow, which is expected to lower the amount of payouts after six decades of annual increases.Despite that, shares of 3M rose to their highest level in more than a year on its streamlining efforts. Shares of 3M (MMM) climbed as the streamlined mult ...

3M Company (MMM) reported first-quarter 2024 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate. Both the top and bottom lines (on adjusted basis) increased on a year-over-year basis.Inside the Headlines3M delivered adjusted earnings of $2.39 per share, surpassing the Zacks Consensus Estimate of $2.08. The metric increased from $1.97 reported in the year-ago quarter.The company’s adjusted net sales of $7.72 billion outperformed the Zacks Consensus Estimate of $7.64 billion. The me ...