Shares of 3M Co. MMM, +0.39% slipped 0.1% in premarket trading after the the consumer, industrial and health care-products company said it will freeze its U.S. pension plan for non-union employees, as of Dec. 31, 2028. The company said people who are currently receiving pension payments are not impacted by this freeze, which 3M said has been in the works for “many” years. “This is an important decision for 3M as it helps to set up both companies for future success. This was also a difficult decision becaus ...

3M (MMM) closed the most recent trading day at $108.17, moving +0.35% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.34%. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.56%.The maker of Post-it notes, industrial coatings and ceramics's shares have seen an increase of 4.86% over the last month, surpassing the Conglomerates sector's gain of 3.72% and the S&P 500's gain of 2.56%.The upcoming earnings rel ...

Shares in industrial conglomerate 3M (MMM -2.01%) rose by slightly more than 10% in December, according to data provided by S&P Global Market Intelligence. The move comes as the market priced in a better growth environment in 2024 due to anticipated interest rate cuts in 2024.A better growth environment for 3M?While there's no guarantee the Federal Reserve will reverse interest rate hikes this year, the market has merrily assumed it will, as 10-year Treasury yields fell from touching 5% in late October to s ...

Share prices of industrial giant 3M (MMM -2.01%) are down more than 50% from their 2018 highs. Numerous issues have led to this decline, but the really big ones involve legal issues. Where things go from here, meanwhile, will change dramatically in 2024 if the company's current plans play out as expected.Weak performance and so much more at 3MHistorically, 3M was regarded as a highly innovative industrial company with a long history of growth behind it. However, the company's growth hasn't been all that imp ...

cagkansayinWe previously covered 3M (NYSE:MMM) in October 2023, discussing the company's normalizing top-line from the hyper-pandemic growth and the uncertainty from the ongoing legal settlements. However, we had also believed that the stock had been oversold then, triggering its attractive investment thesis for opportunistic income oriented investors, since the worst might already be over, further aided by the raised FY2023 guidance. In this article, we shall discuss why the MMM stock valuations may be ...

Vladislav Stepanov Introduction One of the first things we're doing in 2024 is taking another look at one of America's largest industrial companies. Founded in 1902, 3M Company (NYSE:MMM) has a $60 billion market cap, which makes it a heavyweight in its sector. However, as most investors know and have felt in their portfolios, the company used to be much larger. In early 2018, the company's market cap almost reached $160 billion, which was followed by a steep decline triggered by economic headwinds, litigat ...

jetcityimage Beleaguered industrial giant 3M (NYSE:MMM) may just be turning the corner after an extremely rough 2023. The company was hammered with lawsuits of unprecedented size from so-called "forever chemicals", agreeing to pay up to $12.5 billion in damages. As if that weren't enough, 3M is also on the hook for about $6 billion for defective earplugs in another financial and reputational blow to the company. However, as we know, Wall Street looks forward and these events are now known and quantified. Th ...

The industrial conglomerate has long been a fascinating investment proposition. With a 64-year history of increasing dividends and a 5.6% yield, it's easy to see why 3M (MMM -0.34%) will attract income-seeking investors. In addition, restructuring actions promise to improve profit margins and drive earnings growth as its cyclical end markets improve over time. Does it all add up to make the stock a buy?3M isn't perfectThe industrial conglomerate is far from perfect. The company's high-profile legal settleme ...

ST. PAUL, Minn., Dec. 27, 2023 /PRNewswire/ -- Since the Combat Arms Earplug settlement agreement was announced in August 2023, it has received strong and widespread support from claimants and the broader military community. This support has helped the parties and the courts reach the next milestone set forth in the agreement toward full implementation of the settlement.  Recent updates include: On December 26, 3M made a payment of $250 million to the Qualified Settlement Fund to compensate claimants seeki ...

Fool.com contributor Parkev Tatevosian highlights why he considers this dividend stock one of the best for 2024. *Stock prices used were the afternoon prices of Dec. 22, 2023. The video was published on Dec. 24, 2023. ...