3M Co (MMM) saw an uptrend of 0.95% in the recent trading with $152.53 being its most recent. The current price level -7.08% lower than the highest price of $164.15 marked by the stock while trading over the past 52-weeks, whereas it is 25.05% higher than the lowest price of $121.98 the company dropped to over past 52-weeks. The latest news story on MMM appeared in (Zacks) under the title “3 Diversified Operations Stocks to Gain on Promising Industry Trends”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 16 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.15 for the stock.
3M Co Earnings – What Happened With MMM
Coming around sales and income figures on MMM Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. 3M Co (MMM) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 4.13% for net revenue.
MMM – 3M Co Stock Earnings Estimates
The perspective of 3M Co (NYSE:MMM)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.9 for stock’s EPS in the current quarter. 3M Co (MMM) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 4.13% for net revenue. Company’s EPS for the last quarter was 1.98.
3M Co – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 532.63 million. MMM does have institutional investors; and they hold 74.60% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in 3M Co (NYSE:MMM) with an ownership of 49.9 million shares of the company or 9.0104 of the stake worth $5.1 billion. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 6.9274 of the outstanding shares. Its stake is worth $3.92 billion for having 38.36 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 4.8559 of the outstanding shares. With this there are now 2694.0 institutions which have possession in MMM’s shares.
Key Metrics for MMM
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, 3M Co has a debt to equity ratio of 3.20.
