162.18 0.00 (0.00%)
After hours: 5:11PM EDT
|Bid||162.39 x 1000|
|Ask||164.54 x 800|
|Day's Range||162.12 - 164.20|
|52 Week Range||150.58 - 219.75|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||19.52|
|Earnings Date||Oct 24, 2019|
|Forward Dividend & Yield||5.76 (3.64%)|
|1y Target Est||172.00|
3M (MMM) recently spent $6.7 billion to acquire Acelity, a medical-tech company with concentrations in specialized surgical applications and wound care.
3M MMM recently completed its acquisition of Acelity, which at an enterprise value of $6.7 billion represents the largest acquisition the company has ever made. As a GDP-plus business, 3M doesn't offer much in the way of top-line growth. In our view, the market traditionally values 3M like a consumer healthcare stock with industrial exposure.
3M (MMM) suffers from weakness in organic sales, high costs of sales, forex woes and high debts. Fall in cash flow generation is also concerning.
Few things are harder to understand than the reasons for analysts' recommendations. Action in the shares of blue-chip and Dow Jones member 3M make for a good illustration. In September 2011, the overall market was distressed over the European banking crisis and the Greek bail-out proceedings.
3M (MMM) today announced it has completed the acquisition of Acelity, Inc. and its KCI subsidiaries worldwide from a consortium comprised of funds advised by Apax Partners (the Apax Funds), together with controlled affiliates of the Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board (PSP Investments) for a total enterprise value of approximately $6.7 billion, including assumption of debt and other adjustments. Acelity is a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand. “This is an exciting day as we bring together two premier and innovative companies that are focused on delivering comprehensive health care solutions to enable better outcomes for patients,” said 3M chairman and CEO Mike Roman.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]
Buy 3M between its 2019 low of $150.81 set on Oct. 3 and its monthly pivot for October at $155.92. The stock is cheap with a P/E ratio of 16.72 and a generous dividend yield of 3.70%.
SAN DIEGO, CA / ACCESSWIRE / October 8, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in 3M Company (NYSE:MMM) shares. Investors, who purchased shares ...
Post-it Brand from 3M announces its highly-rated Post-it App is now available on the Mac App Store with macOS Catalina, the latest version of the world’s most advanced desktop operating system from Apple. Post-it App for Mac seamlessly extends what was already a great user experience for mobile to the desktop. The leading Post-it App user request has been to create a desktop version of the app.
Post-it Brand from 3M announced an integration with visual project collaboration software Trello, giving Post-it App users the ability to turn their paper Post-it Notes into digital project plans, assign owners, and track status through Trello’s web, mobile and desktop apps. The integration of Trello with the Post-it App gives visual and creative thinkers the flexibility to start their ideation process on paper and seamlessly progress with the project digitally, making it easy to collaborate with teammates and keep work moving, even on the go. “The Post-it Brand is partnering with innovation leaders like Trello to augment our tools to enable work to be done, anytime and anywhere,” said Remi Kent, Global Business Director, Post-it Brand.
Strong commercial aftermarket and military businesses coupled with the acquisition of Rockwell Collins are expected to drive United Technologies' (UTX) growth.