With a forward P/E ratio of less than 10, and a great dividend yield of 6.5%, industrial conglomerate 3M Company (MMM 1.38%) looks for all the world like a high quality large-cap dividend stock trading for a bargain price. But looks can be deceiving.Earlier this month, my fellow Motley Fool contributor Travis Hoium posted a point-by-point explanation for why he is not currently (and may not ever again be) interested in buying 3M stock. Just a few days later, RBC Capital analyst Deane Dray chimed in with a w ...

Record date set for March 18, 2024 and distribution date set for April 1, 2024 ST. PAUL, Minn., March 8, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced that its Board of Directors has approved the planned spin-off of its Health Care business, which will be known as Solventum Corporation. The company is anticipated to spin off from 3M on April 1, 2024, and has applied to list on the New York Stock Exchange as "SOLV." "Today's approval is another important milestone as we continue to make progress in bui ...

ST. PAUL, Minn., March 7, 2024 /PRNewswire/ -- 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have signed a joint research project agreement to develop large liquid hydrogen storage tanks using Glass Bubbles from 3M – a high-strength, low-density hollow glass microsphere. The collaborative research will focus on developing a high-performance vacuum insulation system for liquified hydrogen storage and transportation. 3M and HD Hyundai will conduct a joint research project to develop large l ...

3M (MMM) closed the most recent trading day at $91.46, moving -0.91% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.55%.Prior to today's trading, shares of the maker of Post-it notes, industrial coatings and ceramics had lost 3.6% over the past month. This has lagged the Conglomerates sector's gain of 7.17% and the S&P 500's gain of 3.98% in that time.The invest ...

Education Images/Universal Images Group via Getty Images 3M has long been considered a darling stock among dividend investors due to its solid starting yield and its history of increasing dividend payments for over 50 consecutive years. But due to ongoing lawsuits, high levels of debt, slowing free cash flow growth, and a high payout ratio, the once attractive 3M dividend appears to be in jeopardy. If you've been paying attention to 3M, it's no secret that this stock has been in a free fall over the past fe ...

jetcityimage 3M lawsuit The goal of this article is to argue for a bullish thesis on 3M Company stock (NYSE:MMM). My argument will be mainly built upon two factors. The first one involves the settlement of its class action lawsuits. And the second one involves the attractive valuation and thus return potential created by its recent stock price dips. For readers unfamiliar with the background. I will start with a summary of 3M's PFAS and earplug settlement. MMM recently settled a PFAS (''forever chemicals'') ...

Blue chip stocks rarely go on sale. When they do, it pays to do your research. High-quality businesses trading at deep discounts are the ultimate buy-and-hold opportunities.For decades, 3M (MMM 0.57%) was the epitome of a blue chip stock. Shareholder returns consistently beat the market, and the company's diversified, recession-resistant business model insulated the stock during times of turmoil. With that in mind, the last few years have been exceptional, and not in a good way. Shares have lost around 65% ...

3M Company (NYSE:MMM) Barclays 41st Annual Industrial Select Conference February 22, 2024 8:00 AM ET Company Participants Mike Roman - Chairman & Chief Executive Officer Monish Patolawala - President & Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Julian Mitchell Welcome, everyone, to this morning's Industrial Select Conference. It's my pleasure to start today with 3M. We have Mike Roman, Chairman and CEO; and also Monish Patolawala, Chief Financial Officer. So welcome, Mik ...

3M Company (NYSE:MMM) Barclays 41st Annual Industrial Select Conference February 22, 2024 8:00 AM ET Company Participants Mike Roman - Chairman & Chief Executive Officer Monish Patolawala - President & Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Julian Mitchell Welcome, everyone, to this morning's Industrial Select Conference. It's my pleasure to start today with 3M. We have Mike Roman, Chairman and CEO; and also Monish Patolawala, Chief Financial Officer. So welcome, Mik ...

A month has gone by since the last earnings report for 3M (MMM) . Shares have lost about 1.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is 3M due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. 3M Q4 Earnings Beat Estimates, Revenues Decline Y/Y3M reported fourth ...