The latest trading session saw 3M (MMM) ending at $102.05, denoting a -0.91% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.09%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%.Shares of the maker of Post-it notes, industrial coatings and ceramics witnessed a gain of 3.33% over the previous month, beating the performance of the Conglomerates sector with its loss of 2.39% and the S&P 500's gain of 2.83%.Investors will be eagerly wa ...

Loading...Loading...Ritholtz Wealth Management’s Josh Brown is putting money to work outside of tech as he anticipates money rolling into other areas of the market. He’s identified an industrials stock that he says looks more attractive than it has at any point over the last 25 years. What To Know: Tuesday on CNBC’s “Fast Money Halftime Report,” Brown announced that he bought shares of 3M Company MMM.“When I see a technical setup like this, I get excited … this is the most excited I’ve been about 3M in the ...

To achieve high returns from the subsequent changes in the market, sharp investors are closely monitoring which top stocks to buy before interest rate cuts as the Federal Reserve considers reducing interest rates. Companies with solid foundations stand to gain much from lower borrowing rates; therefore, finding the greatest investment possibilities in advance is critical. These three exceptional stocks may benefit from a reduction in interest rates.It is vital to comprehend the significance of these investm ...

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 ...

Financial Data and Key Metrics Changes - The company reported a return to organic growth in Q1, with good margin expansion and EPS growth year-over-year [3] - Guidance for the year was reinitiated post Health Care spin-off, projecting flat to plus 2% organic revenue growth, with an expected margin expansion of 200 to 275 basis points year-over-year [3][12] - Strong free cash flow conversion was highlighted, indicating effective cash management [3] Business Line Data and Key Metrics Changes - The electronics market is stabilizing and expected to continue growing in the second half of the year, while industrial markets remain weak due to cautious customer behavior [5] - The consumer market is described as muted, particularly in hardline categories, prompting the company to exit underperforming product lines [5][19] - Personal safety products, including disposable respirators, are stabilizing as pandemic-related headwinds diminish [24] Market Data and Key Metrics Changes - The industrial markets have shown mixed trends, with some segments like roofing granules growing mid-single digits, while others like abrasives have seen low-single-digit declines [26] - In the electronics segment, strong growth was reported in Q1, driven by inventory normalization and spec wins, with expectations for continued growth [27][28] - China accounts for approximately 10% of revenue, with significant exposure in electronics and automotive sectors, showing mixed performance but potential for growth [39] Company Strategy and Development Direction - The new CEO, Bill Brown, is focused on driving growth and sustaining operating performance, emphasizing safety and innovation [4][7] - The company is committed to investing in areas with long-term growth potential, such as climate tech and next-generation electronics [9][18] - Portfolio management is an ongoing process, with the company actively evaluating product lines to ensure they add value and align with market opportunities [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage risks and uncertainties in a high-interest-rate environment, focusing on global economic growth [15][46] - The consumer market is expected to remain challenging, but the company is prepared to launch new products as the market recovers [38] - The automotive electrification segment is projected to continue growing, with strong partnerships with OEMs driving innovation and market penetration [30][31] Other Important Information - The company successfully settled two large litigations, reducing risk and uncertainty [3][22] - The restructuring efforts have streamlined operations and improved data analytics capabilities, enhancing decision-making and customer engagement [12][13] Q&A Session Summary Question: What has been the key message from the new CEO? - The CEO's priorities include driving growth to appropriate levels and ensuring sustained operating performance, with a focus on employee safety [7] Question: How does the company measure ROI on R&D? - The company uses various metrics, including growth rates, number of new product introductions (NPIs), and a vitality index to assess the impact of R&D on growth [10] Question: What are the major achievements expected in the next 12 months? - Continued investment in areas with long-term growth potential, sustaining margin performance, and maintaining cash conversion momentum are key focuses [15] Question: How is the company addressing underperforming consumer products? - The company is exiting certain product lines with below-average growth and margins to reallocate resources to more promising areas [19] Question: What is the outlook for litigation? - The company is managing its litigation docket effectively and will provide updates as necessary, with recent settlements reducing uncertainty [22] Question: How is the company positioned in the Chinese market? - China represents about 10% of revenue, with a focus on industrial safety and automotive sectors, showing potential for growth despite mixed performance [39]

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 ...