An Evaluation Of 3M Company (NYSE: MMM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for 3M Company (MMM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.03, or -1.74%, to $114.49. Volume reached 153,224 shares, with price reaching a high of $115.02 and a low of $114.05. Earlier, Yahoo Finance discussed this stock as it revealed 3M Advances Decarbonization Technologies, Showcases Power of Science To Address Climate Change During Climate Week NYC.


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Stocks Info

MMM belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $114.81 and fluctuated between $118.03 as its day high and $114.80 as its day low. The current market capitalization of 3M Company is $65.29B. A total of 3.71 million shares were traded on the day, compared to an average of 9.54M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MMM has seen 9 BUY and 32 SELL insider trades, representing the acquisition of 59,896 and the disposition of 48,785 shares. Over the last 12 months, there were 44 BUYs and 48 SELLs from insiders. Insiders purchased 135,762 shares during that period but sold 70,728.

In the most recent transaction, Hammes Eric D. sold 3,145 shares of MMM for 147.31 per share on Aug 17. After the transaction, the EVP & Chief Count Gov Svc Off now owns 8,818 company shares. In a previous transaction on Aug 10, Banovetz John Patrick sold 3,145 shares at 150.32 per share. MMM shares that Executive Vice President owns now total 14,084.

Among the insiders who sold shares, Dickson Zoe L disposed of 2,265 shares on Aug 04 at a per-share price of $144.40. This resulted in the EVP & Chief HR Officer holding 893 shares of MMM after the transaction. In another insider transaction, Vale Michael G. sold 36,771 shares at $143.26 per share on Aug 02. Company shares held by the Group President now total 65,321.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 3M Company pays an annual dividend of $5.96, resulting in a dividend yield of 5.19%, and it has a price to earnings (P/E) ratio of 16.06. MMM’s most recent ex-dividend date was 08/19/2022 when it declared a $1.49 quarterly dividend that was paid in cash on 09/12/2022. Previously, the company paid the dividend on 06/12/2022 with an ex-dividend date of 05/19/2022. The dividend was $1.49 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MMM in the last 3 months, the mean price target is $142.37 with high estimates of $210.00 and low estimates of $120.00. In terms of 52-week highs and lows, MMM has a high of $186.30 and a low of $114.11.

As of this writing, MMM has an earnings estimate of $2.71 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $2.86 per share and a lower estimate of $2.59. The company reported an EPS of $2.48 in the last quarter, which was 2.9% higher than expectations of $2.41.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MMM is Sell with a score of 2.53. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 15 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 4 thought it should be Sold.

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