3M Company (NYSE:MMM) 2024 Wells Fargo Industrials Conference June 11, 2024 8:15 AM ET Company Participants Monish Patolawala - CFO Conference Call Participants Joe O'Dea - Wells Fargo Joe O'Dea All right. Good morning, everyone. We are excited to get the Wells Fargo 2024 Industrials Conference underway and thrilled to have 3M with us this morning. From the company, we have CFO, Monish Patolawala. I'm Joe O'Dea. I cover the multi-industry sector here at Wells. To kick it off, I'll turn it over to you, Monis ...

3M (MMM) closed at $100.66 in the latest trading session, marking a -0.2% move from the prior day. This change lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.35%.The maker of Post-it notes, industrial coatings and ceramics's shares have seen an increase of 1.95% over the last month, not keeping up with the Conglomerates sector's gain of 7.63% and the S&P 500's gain of 3.25%.The upcoming earnings release of 3M will be of great interest t ...

The most recent trading session ended with 3M (MMM) standing at $97.56, reflecting a -1.13% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.74%. Meanwhile, the Dow experienced a drop of 1.06%, and the technology-dominated Nasdaq saw a decrease of 0.58%.Heading into today, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 2.25% over the past month, lagging the Conglomerates sector's gain of 4.56% and the S&P 500 ...

ST. PAUL, Minn., May 29, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event:2024 Wells Fargo Industrials Conference on Tuesday, June 11, 2024. Monish Patolawala, President and Chief Financial Officer, will speak at 7:15 a.m. CT.This event will be webcast live and a replay will be available on 3M's Investor Relations website at http://investors.3M.com.About 3M3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and s ...

The industrial company's payout ratio suggests it can grow the dividend aggressively, but investors should think twice.It's been a while, but 3M (MMM 0.38%) finally and formally cut its dividend recently, approving a dividend of $0.70 for the second quarter, down from the previous quarterly payment of $1.51. Annualizing the dividend means $2.80 per share for the full year, implying a dividend yield of 2.8% using Wednesday's closing price.3M's dividend cutIt was no secret that 3M would cut its dividend since ...

Despite improvements in its business, the yield trap has been spring.In this video, Motley Fool contributor Jason Hall breaks down the positives with 3M (MMM 0.38%) as well as the reasons dividend investors should avoid the stock. He also shares a high-yield dividend stock he thinks is a far better buy right now, Brookfield Infrastructure (BIP 0.56%) (BIPC 1.83%).*Stock prices used were from the afternoon of May 17, 2024. The video was published on May 17, 2024. ...

The industrial company's stock received another update from a highly regarded analyst recently.Another day, another Wall Street analyst upgrade for 3M (MMM 0.66%) stock. This time, it's from Vertical Research analyst Jeffrey Sprague, who upgraded the stock from "hold" to "buy" and increased his price target from $92 to $140. That target implies a 33% upside over the next 12 months from the current price.Vertical Research may not be a household name among retail investors. Still, I think Sprague is one of th ...

The healthcare spinoff looks cheap, but there are some big hurdles it has to clear.It's always interesting when a new company comes to market and doubly interesting when it's a spinoff. In reality, two new companies came out of the spinoff of Solventum (SOLV -1.41%) and 3M (MMM 3.58%) -- a newly created healthcare company and an industrial conglomerate without a healthcare business.Introducing SolventumSolventum is a healthcare company operating in four segments and serving end markets that management belie ...

ST. PAUL, Minn., May 14, 2024 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.70 per share for the second quarter of 2024. The dividend is payable June 12, 2024, to shareholders of record at the close of business on May 24, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of March 31, 2024, 3M had 553,361,257 common shares outstanding and 59,380 shareholders of record. About 3M 3M (NYSE: MMM) b ...

ST. PAUL, Minn., May 14, 2024 /PRNewswire/ -- At today's Annual Meeting of Shareholders, 3M (NYSE:MMM) highlighted its strong portfolio of leading businesses, leading innovation in material science, and progress in executing the company's strategic priorities. "In 2023, we took significant action to improve our performance across our businesses and our operational execution. Our results demonstrate the positive impact of the changes we have made over the last several years, " said 3M executive chairman Mike ...