|Bid||79.50 x 800|
|Ask||79.83 x 800|
|Day's Range||79.08 - 80.15|
|52 Week Range||59.93 - 116.17|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2022 - Apr 29, 2022|
|Forward Dividend & Yield||0.32 (0.44%)|
|Ex-Dividend Date||Jun 27, 2022|
|1y Target Est||89.88|
General Electric (GE) thrives on strong performance of the Aerospace and Healthcare segments, despite supply-chain disruptions and raw material cost inflation weighing on its operations.
3M's (NYSE: MMM) spin-off announcement last month caught the market by surprise and inevitably raised comparisons with General Electric's (NYSE: GE) impending breakup. Both companies plan to spin off their healthcare businesses in 2023 (with GE also planning to spin off its power and renewable energy businesses together in 2024) to unlock value for shareholders. Let's look at 3M's plans and what they mean for the investment case for the stock.
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