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What's Driving The Rebound In 3M Stock?
Forbes· 2024-09-10 12:45
GERMANY - 2024/03/30: In this photo illustration, The 3M (Minnesota Mining and Manufacturing ... [+] Company) logo seen displayed on a tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images3M stock (NYSE: MMM) currently trades around $128 per share, roughly 15% below its pre-inflation shock highs of $150 seen in June 2021. This performance aligns with that of its peer – Honeywell stock – also down 15% over this period. 3M’s sales growt ...
3M (MMM) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-09-04 22:50
The latest trading session saw 3M (MMM) ending at $132.15, denoting a +0.99% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.16%. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.3%.Heading into today, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 4.77% over the past month, outpacing the Conglomerates sector's loss of 7.15% and the S&P 500's gain of 3.64% in that time.The investm ...
3M announces it has made and sold more than 300 million Friction Shims worldwide
Prnewswire· 2024-09-04 14:10
The small, thin shims are used in demanding applications such as automotive, wind energy, and aerospace ST. PAUL, Minn., Sept. 4, 2024 /PRNewswire/ -- 3M™ Friction Shims are small, thin steel shims with a big impact. They can increase maximum load and peak torque in bolted connections without additional fasteners or redesigns.  3M is excited to announce that it has now made and sold more than 300 million Friction Shims worldwide.3M™ Friction Shims are small, thin steel shims with a big impact. They can incr ...
3 Dividend Stocks That Just Hit 52-Week Highs but Could Still Be Worth Buying in September
The Motley Fool· 2024-09-04 11:30
These companies are in their best shape in years with no signs of slowing down.Growth stocks like Nvidia and Meta Platforms deserve their medals for driving the S&P 500 and Nasdaq Composite indexes to all-time highs. But there are plenty of other valuable, industry-leading companies that are contributing the market's broader gains.Walmart (WMT -0.08%), 3M (MMM -2.85%), and ExxonMobil (XOM -2.09%) are all hovering around 52-week highs -- with Walmart and 3M tied for the best-performing components in the Dow ...
Is It Too Late to Buy 3M Stock?
The Motley Fool· 2024-09-04 08:25
The stock price has rallied over 50% in the past year on hope for a brighter future for the Minnesota-based conglomerate.Industrial conglomerate 3M (MMM -2.85%) spent 2018 to 2023 on a slow and steady downward slide. Several problems have ailed 3M stock, including lawsuits, growth concerns, and financial constraints from an expensive dividend. Some much-needed changes over the past year have dramatically lifted the market's sentiment toward the stock.3M slashed its dividend to free up cash flow, spun off it ...
3M's Turnaround Story Will Continue This Year
MarketBeat· 2024-08-30 12:15
3M TodayMMM3M$132.99 +1.38 (+1.05%) 52-Week Range$71.12▼$133.18Dividend Yield2.11%Price Target$123.57Add to Watchlist3M NYSE: MMM turned a corner this year, putting the bulk of its litigation risks behind it. While there are still headwinds and hurdles to cross, the path forward is clearer and is one investors will want to pursue. That path includes a return to top-line growth, improving margin, cash flow, and capital return. The recent dividend cut is a mark against it, to be sure, but one that helped put ...
3M Stock Hits 52-Week High, But Enters Overbought Territory
Benzinga· 2024-08-22 15:06
Scotch Tape maker 3M Co MMM is on a roll.The St. Paul, Minnesota-based company clocked a fresh 52-week high of $129.99 during Wednesday trading. 3M stock has seen a phenomenal 40.20% gain year-to-date, a hefty 56.56% rise over the past year and a solid 22.84% jump in the last month alone.But, is the rally sustainable? Let’s take a look at what the charts have to say.Bullish Technicals Fueling The Rally In 3M Stock Chart created using Benzinga Pro3M's technical indicators are signaling a strong bullish trend ...
Daily Dividend Report: MMM, Halliburton, Avnet,Estee Lauder, CBOE
Forbes· 2024-08-19 18:28
The 3M Board of Directors today declared a dividend on the company's common stock of $0.70 per share for the third quarter of 2024. The dividend is payable September 12, 2024, to shareholders of record at the close of business on August 26, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years.Halliburton announced today that its board of directors has declared a 2024 third quarter dividend of seventeen cents a share on the Company's common stock payable on September 2 ...
3M (MMM) Rises 21% in a Month: Is the Stock Worth Buying?
ZACKS· 2024-08-19 16:25
3M Company’s (MMM) shares have rallied 21% over the past month, outperforming the Zacks Diversified Operations industry’s increase of 4.8%. In contrast, the S&P 500 has declined 0.6%. The company has also outperformed other industry players like Danaher Corporation (DHR) and PDD Holdings Inc. (PDD) , which have returned 7.3% and 11.2%, respectively, over the same time frame.Price PerformanceImage Source: Zacks Investment ResearchClosing at $127.05 in the last trading session, the stock is trading close to i ...
3M Stock Is Up 40% This Year. Can the Rally Keep Going?
The Motley Fool· 2024-08-18 10:00
This industrial giant is putting together an impressive comeback.3M (MMM -0.09%) has quietly emerged as one of the market's biggest turnaround stories, with the shares up almost 40% this year, back to their highest level since early 2022.Following a difficult post-pandemic period defined by supply-chain disruptions and inflationary-cost pressures, the latest update from the industrial conglomerate was highlighted by a growth rebound and wider profit margins.The headlines are positive, but does that make 3M ...