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92.12
0.66
(0.72%)
At close: February 29 04:00PM
92.00
0.54
( 0.59% )
After Hours: 07:40PM

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Key stats and details

Current Price
92.00
Bid
-
Ask
-
Volume
5,158,385
91.36 Day's Range 92.2892
85.345 52 Week Range 113.14
Market Cap
Previous Close
91.46
Open
92.00
Last Trade
12
@
92
Last Trade Time
Financial Volume
$ 474,166,879
VWAP
91.9216
Average Volume (3m)
4,136,905
Shares Outstanding
552,700,000
Dividend Yield
6.53%
PE Ratio
-7.28
Earnings Per Share (EPS)
-12.66
Revenue
32.68B
Net Profit
-7B

About 3M Company

3M is a multinational conglomerate that has operated since 1902 when it was known as Minnesota Mining and Manufacturing. The company is well-known for its research and development laboratory, and the firm leverages its science and technology across multiple product categories. As of 2020, 3M is orga... 3M is a multinational conglomerate that has operated since 1902 when it was known as Minnesota Mining and Manufacturing. The company is well-known for its research and development laboratory, and the firm leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of the firm's net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets. Show more

Sector
Surgical,med Instr,apparatus
Industry
Convrt Papr,paprbrd,ex Boxes
Website
Headquarters
Wilmington, Delaware, USA
Founded
2006
3M Company is listed in the Surgical,med Instr,apparatus sector of the New York Stock Exchange with ticker MMM. The last closing price for 3M was $91.46. Over the last year, 3M shares have traded in a share price range of $ 85.345 to $ 113.14.

3M currently has 552,700,000 shares outstanding. The market capitalization of 3M is $50.91 billion. 3M has a price to earnings ratio (PE ratio) of -7.28.

MMM Latest News

3M Announces Filing of Form 10 Registration Statement for Planned Spin-Off of Health Care Business as Solventum

3M Announces Filing of Form 10 Registration Statement for Planned Spin-Off of Health Care Business as Solventum PR Newswire ST. PAUL, Minn., Feb. 21, 2024 Solventum anticipated to spin off from 3M on ...

3M Canada nomme Marie-Claude Brandys, Ph. D., au poste de directrice générale

3M Canada nomme Marie-Claude Brandys, Ph. D., au poste de directrice g?n?rale Canada NewsWire LONDON, ON, le 16 f?vr. 2024 LONDON, ON, le 16 févr. 2024 /CNW/ - 3M, un chef de file mondial des technolo...

3M Canada Names Dr. Marie-Claude Brandys as New Managing Director

3M Canada Names Dr. Marie-Claude Brandys as New Managing Director Canada NewsWire LONDON, ON, Feb. 16, 2024 LONDON, ON, Feb. 16, 2024 /CNW/ - Today 3M, a global leader in technology that improves home...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.440.48055919615691.5692.9491.14318577192.08204747CS
4-2.57-2.7175637094294.5796.0290.52379379192.85730468CS
12-10.98-10.6622645174102.98110.6690.52413690599.46011232CS
26-13.19-12.5392147543105.19110.6685.345386293197.5225221CS
52-16.25-15.0115473441108.25113.1485.3453746148100.18538767CS
156-83.97-47.7183610843175.97208.9585.3453662962132.22499528CS
260-117-55.980861244209219.7585.3453433046143.84284341CS

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MMM Discussion

View Posts
DewDiligence DewDiligence 1 week ago
Further details of 3M/SOLV capitalization:

SOLV will sell $8.4B of new debt, keeping $600M of the proceeds and paying $7.7B as a one-time (tax-free) dividend to 3M. (~$100M of the debt proceeds will go to underwriting fees.)

After the debt issuance and one-time payment to 3M, SOLV will have a debt/EBITDA ratio of ~3.5.
👍️0
DewDiligence DewDiligence 1 week ago
3M’s Solventum spin slated for 4/1/24—Nasdaq symbol=‘SOLV’—Investor Day 3/19/24:

https://finance.yahoo.com/news/3m-announces-filing-form-10-150000365.html

See #msg-173870424, #msg-173870432, and #msg-173870470 for related info.
👍️0
DewDiligence DewDiligence 2 weeks ago
Are market conditions such that 3M views the spinoff as a good way to pay down debt, or obtain funds for further innovation in the medical device sector or pharmaceutical/biotech sector? Funds for M/A with a target in mind? The spinoff will include a large one-time cash transfer from Solventum to the post-spin 3M. 3M will use this cash to pay down debt and/or to help fund the earplug and PFAS legal settlements.

The post-spin 3M will almost certainly refrain from material M&A for a few years; it will instead focus on re-igniting organic growth and paying the legal settlements mentioned above.

On the other hand, Solventum could be a takeover target for a company such as DHR or TMO.
👍️0
DewDiligence DewDiligence 2 weeks ago
3M will retain a 19.9% stake in Solventum following the spinoff. 3M plans to sell these shares gradually over a 5-year period.
👍️0
DewDiligence DewDiligence 2 weeks ago
These are the five focal areas for 3M’s healthcare business that will become part of Solventum; they comprise about 25% of 3M’s current company-wide sales:

https://engage.3m.com/purification

https://www.3m.com/3M/en_US/health-information-systems-us/

https://www.3m.com/3M/en_US/medical-us/ (surgical supplies and wound care)

https://www.3m.com/3M/en_US/medical-device-components-us/ (components for other companies’ medical devices)

https://www.3m.com/3M/en_US/oral-care-us/ (dentistry and othodontics)
👍️0
north40000 north40000 2 weeks ago
What do you see as the main focus of that 3M healthcare unit? Consumer goods like Kenvue? Will 3M retain a substantial equity position like JNJ did with Kenvue? Are market conditions such that 3M views the spinoff as a good way to pay down debt, or obtain funds for further innovation in the medical device sector or pharmaceutical/biotech sector? Funds for M/A with a target in mind?
👍️0
DewDiligence DewDiligence 2 weeks ago
As noted, the point was to keep the streak alive.

This year, however, the streak will presumably be broken when 3M spins off its healthcare business, Solventum.
👍️0
bar1080 bar1080 2 weeks ago
Wow, that's a puny increase. But thanks
👍️0
DewDiligence DewDiligence 2 weeks ago
3M increases dividend for 66th consecutive year:

https://investors.3m.com/news-events/press-releases/detail/1823/3m-board-declares-quarterly-dividend

The quarterly change was only a penny—from $1.50 to $1.51—so it’s clear that the increase is mainly to keep the streak alive.

At the current share price ($91.25), the new annualized payout of $6.04 equates to a dividend yield of 6.6%.
👍️0
DewDiligence DewDiligence 1 month ago
3M 4Q23 CC transcript:

https://finance.yahoo.com/news/q4-2023-3m-co-earnings-074558652.html
👍️0
DewDiligence DewDiligence 1 month ago
3M clarification—The 2024 guidance in the preceding post is on a pro forma basis including the healthcare segment being part of 3M for the full year. After the healthcare spinoff, slated for 1H24, 3M will issue updated 2024 guidance for the company excluding the healthcare segment.
👍️ 1
DewDiligence DewDiligence 1 month ago
3M reports 4Q23 results—issues (tepid) 2024 guidance:

https://investors.3m.com/news-events/press-releases/detail/1821/3m-delivers-strong-fourth-quarter-results-improves

4Q23 non-GAAP EPS—which excludes the cost of the announced earplug and PFAS settlements and related legal expenses —was $2.42, +11% YoY.

4Q23 sales were $8.0B, -0.8% YoY.

4Q23 organic sales growth (excluding FX, acquisitions, and divestitures) was -1.9% YoY.

3M issued 2024 non-GAAP EPS guidance—which excludes the cost of the announced earplug and PFAS settlements and related legal expenses—of $9.35-9.75, +1-6% YoY vs $9.24 in 2023.

2024 guidance for sales growth is 0.25-2.25%. 2024 guidance for organic sales growth is 0-2.0%.


3M’s healthcare spin-off, Solventum, is still slated to occur during 1H24; see #msg-173243340 for related info.


CC slides:
https://d1io3yog0oux5.cloudfront.net/_b81fdcf4b61b3aa85cc07b8e46d6f76a/3m/db/3222/30800/presentation/Q4+2023+Earnings+Slides.pdf

Financial statements:
https://d1io3yog0oux5.cloudfront.net/_b81fdcf4b61b3aa85cc07b8e46d6f76a/3m/db/3222/30800/financial_statement/Q4+2023+Financial+Statement+Information.pdf
👍️0
Greedy G Greedy G 1 month ago
~bought 1/26 $120 calls @.10c
👍️0
DewDiligence DewDiligence 1 month ago
3M earplug settlement gets 100% buy-in from pre-existing plaintiffs in class action:

https://finance.yahoo.com/news/combat-arms-earplug-settlement-achieves-114500350.html

See #msg-172712175 for background info.
👍️0
MrsPeng MrsPeng 2 months ago
I learned about 3M and some other top brands in the world from this article:https://www.zxmedppe.com/top-10-personal-protective-equipment-suppliers/
👍️ 1
DewDiligence DewDiligence 3 months ago
3M names healthcare spinoff, Solventum—a portmanteau of “solving” and “momentum”:

https://finance.yahoo.com/news/3m-reveals-solventum-name-planned-160100532.html

The healthcare segment comprises about 25% of 3M's worldwide sales, and it has a higher profit margin than the company as a whole.

3M has not yet disclosed whether the spin will be accomplished via a direct distribution to 3M shareholders or via a voluntary exchange offer; in either case the spin, which is planned for 1H24, is tax-free for 3M’s US shareholders. More info is available at https://www.3m.com/3M/en_US/health-care-us/?utm_term=hcbg-hcbs-na-en_us-ba-soft_spin-offa-vn-na-na-na-nov23-00000 .
👍️0
DewDiligence DewDiligence 4 months ago
3M 3Q23 CC transcript:

https://finance.yahoo.com/news/3m-company-nyse-mmm-q3-141732896.html
👍️0
DewDiligence DewDiligence 4 months ago
3M reports 3Q23 results—raises 2023 non-GAAP EPS guidance:

https://d1io3yog0oux5.cloudfront.net/_5cbb10b61269071d28abdd0a87b39497/3m/db/3222/30718/earnings_release/Q3+2023+Press+Release.pdf

3Q23 non-GAAP EPS was $2.68, up from $2.60 in 3Q22, and ahead of consensus expectations.

3M raised 2023 non-GAAP EPS guidance (which excludes the $10.3B+ PFAS settlement announced in June [#msg-172192818]) to $8.95-9.15 (from the prior range of $8.60-$9.10).

3M’s healthcare spin-off is now slated to occur during 1H24.


CC slides:
https://d1io3yog0oux5.cloudfront.net/_5cbb10b61269071d28abdd0a87b39497/3m/db/3222/30718/presentation/Q3+2023+Earnings+Presentation.pdf

Financial statements:
https://d1io3yog0oux5.cloudfront.net/_5cbb10b61269071d28abdd0a87b39497/3m/db/3222/30718/financial_statement/Q3+2023+Financial+Statement+Information.pdf
👍️0
DewDiligence DewDiligence 5 months ago
WSJ feature story on 3M:

https://www.wsj.com/business/3m-innovation-scientists-lawsuits-contamination-5a48d46f

https://www.openweb.com/share/2WMBUtXNRkflqADV4Jdam9PKqZ1
👍️ 1
Futurecash Futurecash 5 months ago
Saw it coming back in March. Closed my puts. Made a fortune.
👍️0
bar1080 bar1080 6 months ago
"3M's legal troubles aren't over despite $18.5 billion in settlements"

"3M (MMM) is trying to put the country’s largest-ever mass tort case behind it. Even if it does, its legal problems are far from over.

The Minnesota conglomerate announced Tuesday it had agreed with plaintiffs attorneys to a $6 billion settlement that would end thousands of lawsuits from more than 260,000 veterans alleging earplugs made by a subsidiary caused hearing loss.

3M would make the payments between 2023 and 2029, splitting it between $5 billion in cash and $1 billion in stock, so long as the equity commitment is approved by the court."

https://finance.yahoo.com/news/3ms-legal-troubles-arent-over-despite-185-billion-in-settlements-115913197.html
👍️0
DewDiligence DewDiligence 6 months ago
3M’s earplug settlement_is_official—NPV=$5.3B pre-tax/$4.0-4.5B after-tax:

https://www.sec.gov/Archives/edgar/data/66740/000006674023000073/a829238kex-991.htm

• 3M will pay the earplug plaintiffs a cumulative $6.0B (consisting of $5B cash and $1B stock) over seven years (2023-2029). These payment obligations have a pre-tax net present value (NPV) of $5.3B (using a 5.6% discount rate).

• The anticipated schedule of settlement payments is set forth in slide #6 of today’s CC slide deck: https://d1io3yog0oux5.cloudfront.net/_301a30c91c73d8aa14cff777dcbd5df5/3m/db/3194/30703/presentation/CAE+Resolution+Presentation.pdf . 3M already reserved $1.1B for this liability, so a new $4.2B pre-tax charge to GAAP earnings will be made in 3Q23.

• 3M expects that the settlement payments will be fully tax-deductible, so the NPV of the settlement payments on an after-tax basis is in the $4.0-4.5B range.

• 3M hopes to recover as much as $1.5B of the settlement amount from liability insurance. Any recovery from insurance will reduce the settlement NPV; in the best-case scenario, the after-tax NPV of the settlement would be approximately $3B.
👍️0
DewDiligence DewDiligence 6 months ago
I expected a somewhat bigger bounce today, but I suppose that will come when the settlement deal is inked.
👍️0
KingOfSwing...Trading KingOfSwing...Trading 6 months ago
Great news for us!
👍️0
DewDiligence DewDiligence 6 months ago
3M close_to_inking $5.5B earplug settlement, according_to_sources:

https://www.wsj.com/business/3m-nears-settlement-for-about-5-5-billion-to-resolve-earplugs-complaints-94e9f31e 3M and plaintiffs attorneys are nearing a settlement that would resolve hundreds of thousands of claims by veterans that earplugs made by the company and a subsidiary failed to protect them from hearing loss. Under the terms being discussed, 3M would pay about $5.5 billion, people close to the discussions said.

…The earplug litigation has become the largest mass tort in U.S. history, with more than 300,000 claims. Veterans allege that 3M and Aearo Technologies, a company 3M acquired in 2008, produced faulty earplugs that failed to protect their hearing from noise damage when issued to them by the U.S. military. 3M is contesting the cases, and has said the earplugs work correctly when used with proper training.

The settlement amount being considered is substantially less than the $10 billion to $15 billion that some analysts have predicted the case would cost 3M. The possible settlement was earlier reported by Bloomberg News. This is hugely bullish for 3M if it pans out.
👍️0
DewDiligence DewDiligence 6 months ago
ZBH CEO will become CEO of 3M’s healthcare spinoff:

https://finance.yahoo.com/news/bryan-hanson-named-ceo-3ms-122300047.html

https://finance.yahoo.com/news/zimmer-biomet-announces-leadership-transition-122000860.html
👍️0
DewDiligence DewDiligence 7 months ago
Correction—3M’s healthcare spinoff is now slated for late 2023 or early 2024.
👍️0
DewDiligence DewDiligence 7 months ago
3M reports 2Q23 results—raises non-GAAP EPS guidance slightly…

PR:
https://investors.3m.com/news-events/press-releases/detail/1790/3m-reports-second-quarter-2023-results-proactive

CC slides:
https://d1io3yog0oux5.cloudfront.net/_42242654f7d5954ba2f4fd7c7044914f/3m/db/3222/30683/presentation/Q2+2023+Earnings+Presentation.pdf


2Q23 non-GAAP EPS was $2.17, down from $2.45 in 2Q22; however, 2Q23 cash flow from operations was +34% YoY due, in large part, to cost-cutting initiatives (#msg-171766597), which raised operating margins by 140 basis points YoY.

2Q23 sales of $8.33B were -4% YoY, but exceeded consensus expectations.

3M raised 2023 non-GAAP EPS guidance (which excludes the $10.3B+ PFAS settlement announced in June [#msg-172192818]) to $8.60-9.10 (up $0.10 from the prior range of $8.50-$9.00).

3M’s healthcare spin-off remains on track for closing in 2023.
👍️0
DewDiligence DewDiligence 8 months ago
3M settles PFAS litigation_vs_US_municipalities_for $10.3B NPV— payable_over_13 years—(2024-2036):

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000066740/000006674023000048/mmm-20230622.htm

The actual cumulative dollar amount to be paid (not discounted for NPV purposes) will be $10.5-12.5B.
👍️ 1
bar1080 bar1080 9 months ago
"3M Can’t Resolve Mass Lawsuits Through Earplug Unit’s Bankruptcy, Judge Rules"

"Bankruptcy judge throws out 3M’s plan to use chapter 11 to resolve mass litigation alleging its combat earplugs harmed U.S. military service members"

https://www.wsj.com/articles/judge-throws-out-3m-earplug-units-bankruptcy-b486926f
👍️0
Solarman Solarman 9 months ago
$MMMW Mass Megawatts announced today about a new product. Based on my publicly available conversation , the company seems to be interested in 3M film which means that 3M might be in an important role to cheaper renewable energy and top corporate management may not know about it ( at least until maybe somebody tells them like perhaps someone in the sales department). Hopefully, they will know and maybe give a special effort to move the process in way that we cannot imagine).
👍️0
Kswies Kswies 9 months ago
I'm interested! Let's hear it!
👍️0
DewDiligence DewDiligence 9 months ago
3M is giving back some of Friday’s 8% gain because the settlement reported by Bloomberg is apparently not yet a fait accompli:

https://www.wsj.com/articles/trial-in-litigation-over-forever-chemicals-delayed-for-settlement-talks-2cfd56da
👍️0
KingOfSwing...Trading KingOfSwing...Trading 9 months ago
I am very interested
👍️0
DewDiligence DewDiligence 9 months ago
Please elaborate. TIA
👍️0
Solarman Solarman 9 months ago
Solar energy. They contribute with a good part for newer solar technology. If you are interested, please let me know.
👍️0
DewDiligence DewDiligence 9 months ago
Which application are you referring to?
👍️0
Solarman Solarman 9 months ago
3M has great technology for application not yet marketed.
👍️0
grcramvaidhya grcramvaidhya 9 months ago
This stock MMM formed excellent technical GAP up with good volume. May go up easily higher in coming days. My short term projection is about 114 $
👍️0
DewDiligence DewDiligence 9 months ago
3M reaches—(tentative)—$10B+ PFAS settlement with US municipalities, according_to_Bloomberg:

https://www.bloomberg.com/news/articles/2023-06-02/3m-said-to-be-in-at-least-10-billion-pfas-pollution-settlement-lieqkmut
👍️0
Lowjack Lowjack 9 months ago
Earplugs don't cause hearing loss! Strong pressure waves do!
👍️0
DewDiligence DewDiligence 9 months ago
3M earplug-litigation update:

https://finance.yahoo.com/news/3m-ceo-must-attend-mediation-215026124.html A federal judge has ordered 3M CEO, Michael Roman to attend mediation aimed at resolving nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss, saying the negotiations have reached a "critical juncture." The judge’s phrase, “critical juncture” suggests that a settlement of the earplug multi-district litigation may be near. On the other hand, I can’t see why 3M would accept unfavorable settlement terms while they still have a chance to prevail in the Aearo bankruptcy approach. Stay tuned.
👍️0
Futurecash Futurecash 10 months ago
Ex dividend in two days.
👍️0
DewDiligence DewDiligence 10 months ago
3M files Michael Vale for undisclosed personal conduct:

https://finance.yahoo.com/news/3m-announces-departure-michael-vale-120000437.html

Vale was recently promoted as part of 3M’s restructuring (#msg-171767169).
👍️0
Futurecash Futurecash 10 months ago
Glory days are over.
👍️0
Futurecash Futurecash 10 months ago
New management level, 6000 have to go.
👍️0
Futurecash Futurecash 10 months ago
Next stop $97 ……Bottem $85
👍️0
DewDiligence DewDiligence 10 months ago
3M 1Q23 CC transcript:

https://finance.yahoo.com/news/q1-2023-3m-co-earnings-044954858.html
👍️0
DewDiligence DewDiligence 10 months ago
3M changes in senior management pertaining to the corporate restructuring announced today:

https://investors.3m.com/news/news-details/2023/3M-Announces-Senior-Management-Team-Changes/default.aspx
👍️0
DewDiligence DewDiligence 10 months ago
3M 1Q23 results and restructuring announcement…

PR:
https://investors.3m.com/news/news-details/2023/3M-Reports-First-Quarter-2023-Results-Company-Announces-Restructuring-Actions/default.aspx

CC slides:
https://s24.q4cdn.com/834031268/files/doc_financials/2023/q1/1Q-2023-Earnings-Presentation.pdf


Full-year 2023 guidance (#msg-171018740) remains unchanged. New guidance for 2Q23 is shown on slide #13.

3M’s healthcare spin-off remains on track for closing in 2023.
👍️0

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