The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for 3M Company (MMM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.32, or 0.29%, to $111.58. The 3M Company has recorded 73,451 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that 3M and Guardhat announce collaboration on connected safety.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
3M Company is listed on the NYSE as a member of the Industrials sector and is a part of the Conglomerates industry. At the end of the last regular session, the stock closed at $111.26 and fluctuated between $111.99 as its day high and $109.61 as its day low. The current market capitalization of 3M Company is $60.50B. A total of 3.04 million shares were traded on the day, compared to an average of 3.33M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MMM has seen 17 BUY and 12 SELL insider trades, representing the acquisition of 87,220 and the disposition of 19,141 shares. Over the last 12 months, there were 52 BUYs and 59 SELLs from insiders. Insiders purchased 184,380 shares during that period but sold 90,367.
In the most recent transaction, Rhodes Kevin H sold 5,703 shares of MMM for 126.40 per share on Oct 28. After the transaction, the EVP & Chief Legal Officer now owns 2,033 company shares. In a previous transaction on Oct 28, Chavez Rodriguez Beatriz Karin sold 1,071 shares at 126.28 per share. MMM shares that SVP & Chief Strategy Officer owns now total 3,313.
Among the insiders who sold shares, Hammes Eric D. disposed of 3,145 shares on Aug 17 at a per-share price of $147.31. This resulted in the EVP & Chief Count Gov Svc Off holding 8,818 shares of MMM after the transaction. In another insider transaction, Banovetz John Patrick sold 3,145 shares at $150.32 per share on Aug 10. Company shares held by the Executive Vice President now total 14,084.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. 3M Company pays an annual dividend of $6.00, resulting in a dividend yield of 5.39%, and it has a price to earnings (P/E) ratio of 10.97. MMM’s most recent ex-dividend date was 2/16/2023 when it declared a $1.50 quarterly dividend that was paid in cash on 3/12/2023. Previously, the company paid the dividend on 12/12/2022 with an ex-dividend date of 11/17/2022. The MMM stock dividend was $1.49 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MMM in the last 3 months, the mean price target is $120.34 with high estimates of $197.00 and low estimates of $105.00. In terms of 52-week highs and lows, MMM has a high of $154.66 and a low of $106.76.
As of this writing, MMM has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.7 per share and a lower estimate of $1.45. The company reported an EPS of $2.69 in the last quarter, which was 3.50% higher than expectations of $2.6.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 21 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 2.56. A total of 0 analysts rated the stock as Buy while 1 rated it as Overweight while 15 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 4 thought it should be Sold.