3M(MMM)

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3M: Near-Term Growth Looks Limited, But A Fresh Start Is Welcome (Upgrade)
Seeking Alpha· 2024-07-18 19:51
jetcityimage It has been a rough road to get to this point, but 3M Company (NYSE:MMM) investors actually have some reason to be optimistic about the future, and it’s been too long since that has been the case. While not everything that has bedeviled this industrial conglomerate can be laid at the feet of the now-former CEO – the acquisition of Aearo and its earplugs, as well as the production of PFAS chemicals predate his tenure by a wide margin – unimaginative leadership has nevertheless left the compa ...
3M (MMM) Rises 13.4% in 3 Months: How Should You Play the Stock?
ZACKS· 2024-07-18 15:26
3M Company’s (MMM) investors have been witnessing some short-term gains from the stock of late. The conglomerate giant’s shares have gained 13.4% in the past three months, outpacing the industry’s return of 9.2% and the S&P 500’s 11.4% growth. The company has also outperformed other industry players like Danaher Corporation (DHR) and ITT Inc. (ITT) , which have returned 4.5% and 10.6%, respectively, over the same time frame.MMM Three Months Price PerformanceImage Source: Zacks Investment ResearchClosing at ...
3M invests in green hydrogen leader Ohmium in continuing effort to advance breakthrough climate technologies
Prnewswire· 2024-07-16 15:00
ST. PAUL, Minn., July 16, 2024 /PRNewswire/ -- In its continuing effort to expand into emerging climate technologies, 3M (NYSE: MMM) has completed a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production. The investment is part of 3M's commitment to advancing technologies that support the transition to a low-carbon economy and may help the company explore further decarbonizing its own operations. Ohmium logo "Our investment in Ohmium demonstrates ...
Blue-Chip Consumer Goods Sock Could See Tailwinds
Schaeffers Investment Research· 2024-07-12 15:06
After hitting a May 20, 52-week high, consumer goods stock 3M Co (NYSE:MMM) pulled back to its 20-day moving average and $100 century mark. Buying followed a bullish post-earnings reaction in early May, even as retail clients at major brokerages were net sellers during the month. Since then, MMM took out its 2020 low at $97 and later retested that level. Only four of 12 analysts in coverage rate the equity a "buy." This leaves plenty of room for upgrades as MMM’s technical backdrop improves, especially con ...
Post-it and Scotch Brand have your back to school with JoAnna Garcia Swisher
Prnewswire· 2024-07-11 12:00
"I've taken a new approach to back-to-school preparation this year. We're starting early, getting organized, and having fun as we ease into the season," says Swisher. "Just like all parents, I want to ensure the best for my family and be ready for whatever comes our way throughout the year. The Post-it and Scotch Brand Back-to-School Countdown Kit helps us achieve just that! It's keeping us energized and focused – we're making our lists, preserving our favorite summer memories, and setting new goals for the ...
3M finance chief departs after new CEO arrives
Proactiveinvestors NA· 2024-07-10 14:21
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
3M Announces Departure of Chief Financial Officer
Prnewswire· 2024-07-10 10:30
Executive Changes - Monish Patolawala, President and Chief Financial Officer of 3M, will resign effective July 31, 2024, to pursue another opportunity [1] - Patolawala will remain until July 31, 2024, to ensure an orderly transition [1] - 3M has initiated a CFO succession process and will provide updates as appropriate [1] Company Overview - 3M is a global company that leverages science to create innovative solutions for customers, communities, and the planet [2] - The company focuses on unlocking the power of people, ideas, and science to address opportunities and challenges [2]
Command Brand partners with Hannah Brown to inspire college students with "delulu" design decor
Prnewswire· 2024-07-09 14:00
As a former interior designer and graduate of the University of Alabama, Hannah Brown knows first-hand that having a customized space is essential to staying inspired during the school year – and what it takes to bring that to life. Hannah worked hand-in-hand with Command™ Brand to create Delulu Design 101, an online crash course to help college students apply the attitude that if you can dream it, you can do it, to maximize their space with the help of Command™ Brand's damage-free decorating and organizing ...
Why Investors Need to Take Advantage of These 2 Multi-Sector Conglomerates Stocks Now
ZACKS· 2024-06-28 13:50
Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.Hunting for 'earnings whispers' or companies poised to ...
Is Trending Stock 3M Company (MMM) a Buy Now?
ZACKS· 2024-06-27 14:07
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 +4%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Diversified Operations industry, which 3M falls in, has lost 4%. The key question now is: What could be the stock's future direction? ...