|Bid||115.03 x 1100|
|Ask||115.28 x 1000|
|Day's Range||113.46 - 115.77|
|52 Week Range||107.07 - 169.25|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||11.32|
|Earnings Date||Apr 24, 2023 - Apr 28, 2023|
|Forward Dividend & Yield||5.96 (5.17%)|
|Ex-Dividend Date||Nov 17, 2022|
|1y Target Est||123.59|
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On Tuesday, 3M said it would eliminate 2,500 jobs after the maker of Scotch tape and Post-it Notes reported a slowdown in sales. Hasbro on Thursday said it would eliminate 15% of its global workforce, or around 1,000 positions, this year, and chemicals company Dow said it would lay off about 2,000 employees globally. 3M shares dropped 6.2% Tuesday.
New applications for unemployment benefits fell by 6,000 last week and remained near prepandemic levels.
There was good and bad in 3M's earnings report, but the long-term investment thesis is still intact.