|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||197.93 - 199.41|
|52 Week Range||191.44 - 259.77|
|PE Ratio (TTM)||29.48|
|Forward Dividend & Yield||5.44 (2.65%)|
|1y Target Est||N/A|
San Antonio-based Xpel Technologies Corp. nearly doubled its revenue and increased profits significantly several months after it settled a patent infringement lawsuit with 3M Co., its leadership told investors this week. Xpel Technologies (OTC: XPLT) sells software for the automotive paint protection industry and a type of protective film for vehicles and windows to dealers around the world. The film is typically used in climates that are prone to cause cracks or chips in paint on vehicles, particularly luxury cars.
On May 18, the US FAA (Federal Aviation Administration) gave the green light to Boeing’s (BA) revamping of its 777 jetliners. Boeing has started building the first of its 777X jetliners with these new wings in a manufacturing facility near Seattle. The aircraft will be Boeing’s revolutionary first twin-engine models with a foldable wing design capable of carrying 400 plus passengers.
After the US-China trade war and tariff rhetoric cooled off, the World Trade Organization’s ruling in favor of Boeing (BA) has escalated the chances of US sanctions on the European Union. On May 15, the WTO decided that European aircraft maker Airbus got illegal government aid for two types of jetliners. The world trade body put its seal on the 2016 finding that Airbus financially benefitted through unlawful means.
US steel stocks (SLX) and Cleveland-Cliffs (CLF) have been on a roller coaster ride that refuses to calm down, underpinned by Trump’s policy flip-flops, especially on trade tariffs. CLF saw a lot of ups and downs, first due to recommendations of the US Department of Commerce, then the imposition of steel tariffs, and finally the exemption of some countries from tariffs, which toned down the overall impact.
The Industrial Select Sector SPDR (NYSEArca: XLI), the largest exchange traded fund tracking industrial stocks, is sporting a modest year-to-date loss, underscoring the point that after surging last year, ...
Analysts have a consensus target price for 3M of $213.8, implying a potential return of 5.9% over the closing price of $202.41 as of May 15. After its 1Q18 earnings, the target price for 3M has fallen 10%, indicating that analysts have a conservative view on the stock.
3M (MMM) announced the key dates for its second-quarter dividend on May 8. Investors on record as of May 18, 2018, will be eligible for the dividend. 3M’s ex-dividend date is May 17. The dividend will be paid to shareholders on June 12. At the end of the first quarter, 3M had 612.7 million outstanding shares. Assuming that 3M doesn’t buy back any shares until the record date, it would pay ~$833.30 million in dividends in the second quarter. In the second quarter of 2017, 3M paid a dividend of $701 million.
The dividend yield is what investors get in return for every dollar they invest in a company’s equity during their holding period. Higher dividend yields along with good growth attract long-term investors. As of May 15, 3M’s (MMM) dividend yield stood at ~2.7%, the highest it has been since the fourth quarter of 2015.
Jefferies lowers its rating for 3M shares to hold from buy, predicting its valuation will decline in the latter part of the economic cycle.
3M Company (MMM) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front
On the 12 June 2018, 3M Company (NYSE:MMM) will be paying shareholders an upcoming dividend amount of $1.36 per share. However, investors must have bought the company’s stock before 17Read More...
A plaintiff says the device, used to keep patients warm during surgery, was the likely cause of an infection in an implanted hip joint. The lawsuit is something of a test case for as many as 4,000 other individual lawsuits against 3M.
On May 8, Sonatrach, the largest company in Algeria, said that it would use Honeywell’s (HON) UOP technology to expand its Skikda refinery on the Eastern Mediterranean coast of Algeria. As per the agreement, Honeywell will provide licenses, basic engineering design, and other services for the 81,000-barrel-per-day UOP Unicracking unit.
On May 8, 3M (MMM) announced its dividend for 2Q18. 3M’s board has declared a dividend of $1.36 per share—an increase of 15.7% on a YoY (year-over-year) basis. In 2Q17, 3M paid a dividend of $1.18 per share. To be eligible for the dividend, investors should hold the stock as of May 18. 3M intends to pay the dividend on June 12.
Underwater shareholders in 3M Co (NYSE:MMM) are coming up for air. Unfortunately for 3M stock, its technical posture still stinks. From a risk versus reward perspective, the setup is tempting. If 3M drops back to its recent lows, you’re looking at $14 of potential profit.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as we wrap up first quarter earnings and look ahead to the second quarter batch.
Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.