3M(MMM)
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3M Company (MMM) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-01-31 15:01
3M (MMM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this maker of Post-it notes, industrial coatings and ceramics have returned -13%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Diversified Operations industry, which 3M falls in, has lost 3.6%. The key question now is: What could be the stock's future directi ...
The Case for Buying 3M Stock Is Perplexing
The Motley Fool· 2024-01-30 15:09
It isn't easy to know where to start with 3M's (MMM -0.97%) fourth-quarter earnings and full-year 2024 guidance. With the disappointing sales performance, the weak sales guidance, the margin outlook disappointment, or the earnings and cash flow guidance that leaves the company looking like an outstanding value stock? There's a lot to unpack here.3M's management disappoints on sales againThe industrial stock is down nearly 30% over the last decade and slightly more than 50% over the last five years. One of t ...
3M says earplug litigation settlement on track to exceed 98% participation threshold it agreed to
Market Watch· 2024-01-29 11:44
3M Co. MMM, +0.01% said Monday the litigation settlement it agreed to for selling potentially faulty earplugs to the military is on track to exceed the 98% participation threshold by the final registration date of March 25. The company has opted to pay $1 billion of the total of $6 billion in cash, instead of stock, a choice it was allowed once it reached the 98% participation threshold. “The strong support from more than 250,000 eligible claimants who have elected to participate in the settlement and rele ...
Combat Arms Earplugs Settlement Set to Exceed 98% Participation Milestone
Prnewswire· 2024-01-29 11:30
3M has elected to pay $1 billion in cash, instead of stock ST. PAUL, Minn., Jan. 29, 2024 /PRNewswire/ -- Today, 3M (NYSE: MMM) announced that claimant participation in the Combat Arms Earplugs litigation settlement is on track to exceed the 98% participation threshold set forth in the settlement agreement by the final registration date of March 25, 2024. Under the terms of the settlement announced in August 2023, 3M agreed to pay a total of $6.0 billion to resolve the litigation over the time period of 2 ...
3M Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-01-29 10:27
After 3M (MMM 0.01%) reported full-year 2023 earnings, its stock price fell roughly 10%. There were several problems in the update, notably including the company's 2024 outlook. But the big story here is uncertainty.Here's what investors need to be thinking about as they make a buy, sell, or hold decision regarding 3M.Sell 3MThe easiest takeaway from a deep dive into 3M is that conservative investors, particularly those who want to sleep well at night, should sell the stock. There are a few reasons for this ...
3 Reasons Why Investors Should Continue Avoiding 3M
The Motley Fool· 2024-01-28 18:47
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down 3M (MMM 0.01%), beyond the litigation risks.*Stock prices used were from the afternoon of Jan. 23, 2023. The video was published on Jan. 27, 2023. ...
3M's Financials Are Improving. Is That Enough to Save This Dow Stock's 6%-Yielding Dividend?
The Motley Fool· 2024-01-27 12:15
3M (MMM 0.01%) has faced a lot of challenges over the past few years that have weighed heavily on its share price, which has driven up its dividend yield. At around 6.3%, 3M currently offers one of the highest dividend yields in the venerable Dow Jones Industrial Average. On the bright side, 3M's financials have started to improve. Here's a look at whether that will be enough to save the Dow stock from cutting its big-time dividend.A year of improvement3M recently reported its fourth-quarter and full-year r ...
Why 3M Stock Tumbled This Week
The Motley Fool· 2024-01-26 17:16
3M (MMM 0.46%) stock was holding up firmly this year until its quarterly earnings report came out this week. Despite surpassing earnings estimates, shares of the industrial conglomerate crashed this week and were trading 10.4% lower through 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. While its outlook for 2024 fell short of analysts' estimates, the primary concern is that 3M could revise its guidance later in the year given two major events coming up.3M hopes to spin ...
When does 3M's stumble become a buy?
MarketBeat· 2024-01-25 14:00
Key PointsShares had been trending up since last October’s low, gaining 30%. This week’s earnings report has undone much of that hard work, but there remains upside potential. If shares can consolidate in the coming weeks, the bulls will likely want to take charge again. 5 stocks we like better than 3MHaving put in what looked like a bottom last October, investors in 3M Co NYSE: MMM would have been looking ahead to 2024 with bullish optimism. Sure, the stock had sunk 60% since the summer of 2021, but with e ...
3M Company Sold Off 11.03% On Earnings And I Think It's An Overreaction
Seeking Alpha· 2024-01-24 22:14
PM Images The last two days have been an absolute bloodbath for shares of 3M Company (NYSE:MMM) as they fell through the $100 level and finished down 11.03% on Tuesday. It had looked as if shares had finally bottomed in October as MMM started to recover after reaching $85.35, which was the lowest level in more than a decade. Shares of MMM have been a destroyer of capital for long-term shareholders as they have been down more than -25% over the past decade, and have fallen more than -60% since reaching aroun ...