|Bid||200.93 x 800|
|Ask||200.98 x 800|
|Day's range||200.08 - 201.58|
|52-week range||191.44 - 259.77|
|PE ratio (TTM)||29.77|
|Earnings date||24 Jul 2018|
|Forward dividend & yield||5.44 (2.71%)|
|1y target est||211.64|
On July 9, 3M (MMM) announced that the USDA (U.S. Department of Agriculture) FSIS (Food Safety and Inspection Service) awarded the company with a contract for supplying pathogen detection instruments and kits. The FSIS will use 3M’s Molecular Detection System to detect Salmonella, Listeria monocytogenes, and E.coli O157. These organisms impact the safety of meat, poultry, and egg products.
LANSING, Mich. (AP) — Gov. Rick Snyder said Friday that the state of Michigan intends to sue the Minnesota-based manufacturer of chemicals linked to contaminated water near military bases and industrial sites, citing "significant costs" that will only rise in the future.
U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three ...
3M is one of six companies in the ranking that scored in the top 15% to 20% in all five categories of management effectiveness. The company, No. 8 overall in the ranking, is well known for consumer products such as Post-it Notes and masking tape but makes a wide range of business products as well, including industrial adhesives, electronics and energy products. In addition to innovation, the Management Top 250 evaluates companies’ management on consumer satisfaction, social responsibility, financial strength and employee engagement and development.
MARKET PULSE U.S. stock-index benchmarks on Wednesday opened firmly lower, set to close in the red for the first time in five sessions after the Trump administration said it would place tariffs on a further $200 billion in Chinese goods, escalating tensions between trading partners in Washington and in other parts of the globe.
MARKET PULSE All 30 of the Dow Jones Industrial Average's (djia) components' shares were falling in premarket trade Wednesday, as worries over the escalation of a trade war with China weighed on the broader stock market.
3M's (MMM) Molecular Detection System will be used by the U.S. Department of Agriculture Food Safety and Inspection Service for detecting major pathogenic organisms.
3M Food Safety has been awarded a contract from the U.S. Department of Agriculture Food Safety and Inspection Service (USDA FSIS) for pathogen detection instruments and kits. The award makes the 3M™ Molecular Detection System the primary method to be used by USDA FSIS for the detection of Salmonella, Listeria monocytogenes and E. coli O157 (including H7) – three major pathogenic organisms threatening the safety of meat, poultry and egg-related products. The 3M system was chosen after rigorous performance evaluation against other commercially available methods.
Every IV catheter poses potential for serious and costly complications, including those occurring from commonly used peripheral intravenous catheters. According to a recent survey of 650 U.S.
The new chief executive of 3M Co is looking at both buying companies and selling underperforming units while investing in developing the next blockbuster product in a bid to drive faster growth at the industrials group that makes products ranging from adhesive tape to air filters. "We're looking at acquisitions in attractive parts of our portfolio… and how they can leverage our fundamental strengths," Mike Roman told Reuters just before taking up his role on July 1. 3M's sales were $31.7 billion in 2017, and business is growing during an economic upturn.
The new chief executive of 3M Co (MMM.N) is looking at both buying companies and selling underperforming units while investing in developing the next blockbuster product in a bid to drive faster growth at the industrials group that makes products ranging from adhesive tape to air filters. "We're looking at acquisitions in attractive parts of our portfolio… and how they can leverage our fundamental strengths," Mike Roman told Reuters just before taking up his role on July 1. 3M's sales were $31.7 billion in 2017, and business is growing during an economic upturn.
The Dow Jones Industrial Average rallied triple digits in Friday trading, on track to close out the quarter on a high note. Still, the blue-chip index is negative for the year to date, and some of its components have undergone meaningful technical damage in recent months.
At 3M, we use science every day to improve lives and help solve society’s toughest challenges. We like to imagine a world where all communities are safe, healthy and thriving—where increased energy efficiency, reduced greenhouse gas emissions and access to clean air and water enhance human health at home and at work.
The latest data as of May 31 show that 3M’s (MMM) short interest is range-bound in 2018. Its short interest has fallen to 1.3% as of May 31. Although 3M stock has fallen more than 20% from its all-time high of $258, positive sentiment remains.
As of June 26, 3M’s (MMM) one-year forward PE multiple is 18.05x. That compares to Honeywell International’s (HON) PE multiple of 17.2x and Stanley Black & Decker’s (SWK) of 15.0x. A forward PE multiple takes future earnings into consideration.
Currently, 14 analysts are actively tracking 3M (MMM) stock. Analysts’ consensus target price for 3M is $213, which implies a return potential of 8.8% over the closing price on June 25. In the past three months, analysts have cut their consensus target price for 3M from $244.50 to $213, indicating their hawkish view on the stock.
It’s natural that when debt increases, so do interest expenses. 3M’s interest expenses have gone up significantly, from $171 million in 2012 to $322 million in 2017. In the first quarter of 2018, 3M’s interest expense was $82 million.
3M’s (MMM) debt at the end of the first quarter was at an all-time high. Since 2012, its debt has grown significantly, from $6 billion to $15.7 billion at the end of Q1 2018. It has grown at a CAGR (compound annual growth rate) of 20%. Debt includes short-term borrowings, the current portion of long-term debt, and long-term debt.
On June 18, 3M (MMM) announced that it’s an official sponsorer of the PGA. As a result, a PGA Tour event will be held in the Twin Cities in 2019. The seven-year deal by 3M’s nonprofit open fund will bring the top golfers to the Twin Cities. Minnesota will host the PGA Tour for the first time since 2009.
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CNBC found a third of the market's biggest moves this year were substantially linked to news about trade.