Investors of 3M (NYSE:MMM) stock are abuzz ahead of its healthcare-centric spinoff hitting the markets on April 1. Indeed, the manufacturing giant is just weeks away from completing the public launch of its healthcare business, Solventum. It has been a quick turnaround for 3M, which only approved the new spinoff earlier this March. Solventum is set to trade on the New York Stock Exchange under the SOLV stock ticker on April 1. Interestingly, current MMM stock shareholders will get a distribution of one shar ...

3M Company (MMM) is benefiting from strength in advanced materials, commercial solutions and auto original equipment manufacturer (OEM) businesses.  Also, solid momentum in the auto OEM business driven by an increase in global car and light truck bills are driving the company’s Transportation and Electronics segment. The segment’s revenues grew 4.5% in the fourth quarter of 2023.Backed by strength across its businesses, management recently raised its earnings guidance for the first quarter of 2024. 3M curre ...

A week after raising a price target by $1 to $111, a Barclays analyst did it again, raising 3M's (MMM 0.02%) price target to $126 and slapping an "overweight" (buy) rating on the stock. That implies a 20% jump in the stock price over the next 12 months or so.The move comes after some relatively positive news recently from 3M, which may have affected the analyst's thinking.3M is improvingPlenty has gone wrong for 3M in recent years, but the Barclays upgrade sees improvement underway. 3M was hit with a combin ...

Healthcare investors will soon get a new stock they can invest in. 3M (MMM 0.48%) is in the midst of spinning off its healthcare business, and the stock is set to go public on April 1. Called Solventum, it will trade on the New York Stock Exchange under the ticker symbol SOLV. The healthcare business is one of this big conglomerate's faster-growing segments, and it could present an enticing option for investors next month. Is the new stock one that you should consider adding to your portfolio?Solventum's ke ...

- Leadership to highlight opportunity to unlock significant value creation over time - - Solventum to introduce full-year 2024 guidance - ST. PAUL, Minn., March 19, 2024 /PRNewswire/ -- Solventum will host its inaugural Investor Day today in New York City ahead of its planned spinoff from 3M (NYSE: MMM). The Company is anticipated to spin off from 3M on April 1, 2024, and has been approved for listing on the New York Stock Exchange as "SOLV." During today's event, Solventum chief executive officer Bryan Han ...

Shares in industrial giant 3M (MMM -0.91%) increased by almost 10% in the week to Friday morning, according to data provided by S&P Global Market Intelligence. The move comes down to a combination of a well-received presentation at the J.P. Morgan Industrials Conference on Wednesday and an update on the CEO succession on Tuesday.3M changes its CEOGiven that 3M's share price is down almost 48% since Mike Roman took over as CEO in July 2018 it's fair to say his tenure hasn't been a success. However, with form ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Stock investors who want to receive $2,000 per month in dividend payments first have to do some quick math. A dividend portfolio with stocks valued at $480,000 yielding 5% overall would produce $24,000 in annual dividends. I’ll use that yield as our threshold for the basis of this article. In fact, the stocks discussed below all have yields above 5% meaning a lower value portfolio would produce that return. Generally speaking, a 5% dividend is near the upper bound for risk. Rates higher than that tend to be ...

3M Company (MMM) shares soared 5.4% in the last trading session to close at $104.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.5% gain over the past four weeks.3M’s rally is primarily driven by optimism over the strong momentum in its advanced materials, commercial solutions and auto original equipment manufacturer businesses. Backed by strength across its businesses, the company recently raised its earnings guidance for ...

The current quarter is looking better than expected at 3M (MMM 5.42%). The revised guidance has investors feeling good about the company, sending shares up 5% on Thursday.Earnings tick up on spin-off related benefitsIt has been a rough time for 3M shareholders. The stock has lost nearly half of its value over the past five years due to concerns about litigation against the company, sluggish markets, and talk of corporate bloat.But 3M hopes to get a fresh start in 2024. The company recently named a new CEO a ...