MMM - 3M Company

NYSE - NYSE Delayed Price. Currency in USD
-2.16 (-1.28%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close168.85
Bid166.30 x 800
Ask166.97 x 800
Day's Range166.05 - 168.25
52 Week Range159.32 - 219.75
Avg. Volume3,153,071
Market Cap96.085B
Beta (3Y Monthly)1.22
PE Ratio (TTM)17.61
EPS (TTM)9.46
Earnings DateJul 25, 2019
Forward Dividend & Yield5.76 (3.61%)
Ex-Dividend Date2019-05-23
1y Target Est183.25
Trade prices are not sourced from all markets
  • TheStreet.com6 hours ago

    Buy 3M for Its Dividend and Becoming 'Too Cheap to Ignore'

    3M is a multi-national technology conglomerate that manufactures industrial, safety and consumer products including the ever-popular post-it notes. The daily chart for 3M shows a huge price gap lower on April 25, after it reported an earnings miss and disappointing guidance. The weekly chart for 3M is negative but oversold with the stock below its five-week modified moving average of $175.95 and below its 200-week simple moving average or "reversion to the mean" at $190.50.

  • 3 "Internet of Things" Stocks to Buy Right Now
    Zacks2 days ago

    3 "Internet of Things" Stocks to Buy Right Now

    Today we've highlighted three stocks with a Zacks Rank 2 (Buy) or better that could be poised for further IoT-based growth soon.

  • Dow 30 Stock Roundup: United Technologies-Raytheon Merger, Merck's Tilos Buyout
    Zacks2 days ago

    Dow 30 Stock Roundup: United Technologies-Raytheon Merger, Merck's Tilos Buyout

    The index traversed a volatile week, guided largely by trade-related developments.

  • Business Wire3 days ago

    3M and LG-Innotek Complete Patent License Agreement for 3M’s Metal Mesh Technology

    3M and 3M Innovative Properties Co. and LG-Innotek have signed a royalty-bearing patent license agreement for the use of 3M’s metal mesh technology.

  • Business Wire3 days ago

    3M Settles Patent Infringement Action with Tovis and Scientific Games

    3M and 3M Innovative Properties Co. have settled a patent infringement lawsuit brought by 3M in federal district court in Las Vegas, Nev., against South Korea-based Tovis Co. Ltd. and its subsidiary Tovis North America, and Scientific Games Corp.

  • As Solid as It Is, Looming Fears Will Hold Back Caterpillar Stock
    InvestorPlace4 days ago

    As Solid as It Is, Looming Fears Will Hold Back Caterpillar Stock

    Between 2016 and 2018, Caterpillar (NYSE:CAT) earnings more than tripled. Unsurprisingly, the stock price soared. Caterpillar stock started 2016 near $60; it started 2018 roughly one hundred points higher.Source: Anthony via FlickrThere were several factors at play in earnings growth. Easy comparisons helped, certainly. Revenue fell 18% year-over-year in 2016. That was the fourth straight year in which sales declined, a first for the company. Not even during the Great Depression did Caterpillar's top line stay negative for so long. Those four years of declines also led to a great deal of pent-up demand, which has benefited results over the last nine quarters.In addition, Caterpillar aggressively cut costs: its headcount shrunk by 20% between the end of 2013 and the end of 2017. Corporate tax reform boosted EPS. Almost everything has gone right of late - but that hardly seems reflected in Caterpillar shares.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dark Horse Stocks Winning the Race in 2019 Indeed, over the last eighteen months, Caterpillar stock now has declined over 20%. Yet earnings still are expected to grow, if at a slower rate. Caterpillar is guiding for adjusted EPS this year (excluding a one-time tax benefit) of $11.75-$12.75, 5-14% above 2018 levels. Investors don't seem to care: the CAT stock price touched a 2019 low just week, and now sits at a little over 10x the midpoint of that guidance range.The issue is that investors aren't looking at 2019, or 2016. They're looking at 2020 and beyond. To some investors, that might present an opportunity. To others, it explains why the CAT stock price continues to fall and may have further to go. The Cyclical CATAlong with John Deere (NYSE:DE), Caterpillar is one of the most widely-held cyclical stocks. That's been particularly true this decade. Back in 2012, the company generated nearly $66 billion in revenue. That year, the so-called commodity supercycle driven in part by Chinese growth peaked, and Caterpillar sold billions of dollars of equipment to miners worldwide. Commodity prices collapsed, demand dried up, and the overhang of barely used equipment pressured sales for years.Indeed, Caterpillar's Resource Industries segment saw revenue drop by over 70 percent between 2012 and 2016. Operating profit went from over $4 billion to a loss of $1 billion. That business now has recovered - but a $1.6 billion profit in 2018 obviously sits well below early-decade peaks.That volatility explains, at least in part, why Caterpillar stock looks so cheap at the moment. Investors always know Caterpillar is a cyclical play, but the roller-coaster ride of this decade remains fresh in their memories. In theory, a cyclical stock should see its earnings multiple expand at the bottom as was the case in 2016 when savvy investors started buying CAT stock ahead of its rebound.Of course, that also means multiples should contract at the top, and it's the fear that we indeed are at, or near, the top that explains why the CAT stock price sits at barely 10x 2019 earnings per share. The Cycle Weighs on Caterpillar StockTo be sure, there are some company-specific factors as well. Caterpillar cited a $70 million direct impact from tariffs just in the first quarter, and trade war fears no doubt have weighed on CAT. Like other American firms including Deere, 3M (NYSE:MMM), and even Apple (NASDAQ:AAPL), the company also cited market share struggles in the Chinese market.But China only accounts for roughly 10% of Caterpillar revenue. Potential market share issues in one region don't offset the fact that Caterpillar earnings have soared - or that the company seems to be performing exceedingly well everywhere else.CAT's cheap multiple is a function primarily of cyclical worries. To be sure, it's not alone. Banks like Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) look cheap. Homebuilders Lennar (NYSE:LEN) and D.R. Horton (NYSE:DHI), too, trade at single-digit multiples, even after solid YTD rallies.Investors in these stocks, and in Caterpillar, are looking to ahead to looming trouble. That might be a trade war. It might just be the natural end of a U.S. economic expansion heading into its eleventh year. Caterpillar is a more global play. Over half of its sales come from outside North America, but the logic is the same. A slowdown is coming and investors don't want to own the stocks most likely to be affected. The Bet on CAT StockAnd so investors aren't really focused on 2019 results and they're not going to be. An extra dime or two in 2019 EPS doesn't matter much, if at all, if those earnings start declining in 2020 anyhow. UBS (NYSE:UBS) made that case last week, cutting its CAT stock price target to $115 while projecting a decrease in earnings next year.That's the problem for Caterpillar stock right now: there's not much Caterpillar can really do. It's cut costs so significantly of late that there's probably less room to react if sales do start turning negative. What growth it does muster in 2019 could well be overshadowed, or ignored, amid fears of what comes next. Moreso than other cyclicals, CAT is going to be held hostage to the broader sentiment toward the global economy.Of course, that's precisely what makes CAT so interesting, particularly near YTD lows. There is a nice case here for the stock. As Dana Blankenhorn pointed out last month, CAT is an attractive pick for income investors. The dividend already yields 3.3%, and Caterpillar management has promised further hikes going forward.Those hikes are presumably dependent on some degree of cooperation from the broader economy, but at least for now the dividend is well-covered.But even a 4% dividend isn't quite enough to turn bullish. An investor has to trust the global economy to go long CAT, even at these levels. And if an investor does see global macro worries as overdone, there are few better plays than Caterpillar stock.Another leg up in the global economy and particularly in demand for commodities like minerals, oil and natural gas would allow earnings to keep growing. CAT's earnings multiple likely would expand as well thanks to increased investor confidence. It's not unreasonable in that scenario to see Caterpillar stock clearing $200, something like 14-15x adjusted EPS of $14-$15. For what it's worth, the high Wall Street target price is exactly $200.It's not quite that simple but it's close. CAT is a bet on the global economy being better than feared. It's not a bet I'm quite willing to take but I can see why other investors might.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post As Solid as It Is, Looming Fears Will Hold Back Caterpillar Stock appeared first on InvestorPlace.

  • 3M (MMM) Gains As Market Dips: What You Should Know
    Zacks5 days ago

    3M (MMM) Gains As Market Dips: What You Should Know

    In the latest trading session, 3M (MMM) closed at $168.93, marking a +0.38% move from the previous day.

  • MarketWatch5 days ago

    3M discloses charge of $160 million for deconsolidation of Venezuelan subsidiary

    3M Co. disclosed Tuesday that it will record a charge of $160 million, or 27 cents a share, in the second quarter for the deconsolidation of its Venezuelan subsidiary. The industrial, health-care and consumer products company has notified employees that it has suspended local operations for the foreseeable future. "In light of continuing challenging circumstances in Venezuela, including its unstable environment and heightened unrest that have led to a sustained lack of demand, and our expectation that these circumstances will continue for the foreseeable future, 3M has concluded that it no longer meets the criteria of control to continue consolidating its Venezuelan operations, and therefore deconsolidated its Venezuelan subsidiary as of May 31, 2019," the company stated in a filing with the Securities and Exchange Commission. "There is no economic impact to 3M from the deconsolidation of the subsidiary. The operations were immaterial to 3M's overall operations." The stock, which rose 0.6% in afternoon trade, has tumbled 11% year to date while the Dow Jones Industrial Average has gained 12%.

  • With or Without DuPont, DOW Stock Is Almost Too Complicated
    InvestorPlace5 days ago

    With or Without DuPont, DOW Stock Is Almost Too Complicated

    It wasn't a big surprise at all when chemical manufacturer Dow Inc (NYSE:DOW) split off from the organization formerly known as DowDuPont. Announced last year, the massive conglomerate would form three separate entities: DOW, DuPont (NYSE:DD) and Corteva (NYSE:CTVA). Moreover, the general consensus was that DOW stock, along with the other two names, would perform better individually.Source: Roy Luck via Flickr (modified)The principle idea behind this strategy is simple for anyone to appreciate. As a combined entity, DowDuPont was incredibly confusing and convoluted, similar to General Electric (NYSE:GE). And as you can tell from GE's technical chart, very few people today value large, aimless companies. The emphasis now is on agility, something that Dow Inc stock lacked when tethered to unrelated businesses like Corteva's agriculture.So far, though, that "untethering" thesis is on shaky ground. Sure, DOW stock is up nearly 8% in June. However, shares have crumbled since mid-April. Despite the strong start to the month, DOW is still about 14% shy of returning to its closing high.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy As They Hit 52-Week Lows However, optimists might note that Dow Inc stock suffered from the same pressures as everyone else; namely, geopolitical tensions with China. Of course, the situation currently looks terrible, with both sides not willing to concede an inch.That said, the smart money would eventually go toward a resolution between the No. 1 and No. 2 economies. After all, prolonged tensions do neither side any good.Additionally, the Trump administration's hard-nosed act could be just that, an act. It wouldn't be the first time that the President said one thing and did another. And if we did get that resolution, DOW stock would presumably jump higher.Still, I wouldn't get too excited about Dow Inc stock yet. DOW Stock Is a Complicated InvestmentA cute peculiarity of the DowDuPont breakup is that DOW stock replaced the former in the Dow Jones index. Thus, we have DOW in the Dow.Its inclusion also made sense because the venerable index maintains exposure to the materials sector. Fair enough. But increasingly, it's becoming clear that the markets don't favor big, complicated organizations with broad and disparate reach.We just need to look at the Dow Jones' recent history to confirm this sentiment. Dow Inc stock being listed into the index was the first shakeup since General Electric was kicked out. And what is General Electric but the mother of all complicated organizations?Sure, GE has slimmed down with its own divestments and spinoffs, but it's still confusing relative to modern organizations. I believe that's still the key risk associated with DOW stock.Because let's not overlook what's right in front of our face. Despite the much-covered DowDuPont breakup, Dow Inc stock doesn't provide a clean, linear path. Instead, the underlying company is stretched wide, featuring businesses in consumer products, packaging, industrial materials, large-scale infrastructures and technology.From a topical perspective, the separation into three entities streamlined operations for the individual cogs. Somewhat left out in the equation was that the individual cogs also have non-intuitive structures.Rather than a DOW in the Dow being a positive, it seems like an omen. That's because the Dow Jones has repeatedly kicked out or obstructed these yesteryear organizations. The ones that are still holding on are likely on their last leg.For instance, I thought a jack-of-all-trades company like 3M (NYSE:MMM) offered a contrarian play for its broad industry coverage. I was dead wrong. And I'm concerned the same fate awaits DOW stock: the markets just don't like these types of investments anymore. Don't Hold Your Breath on China or Even MexicoIn order to really see positive sentiment drive Dow Inc stock, speculators must hope for a big news item. A resolution to the U.S.-China trade war, along with normalizing relations with Mexico would do the trick.However, I wouldn't hold my breath on either event. First, I don't think the Chinese are really interested in a trade resolution. From day one, China sought to leapfrog the U.S. as the undisputed technological leader. That's why the Chinese committed brazen acts of corporate espionage. It's the quickest and dirtiest way to accomplish their goals. * 7 Dark Horse Stocks Winning the Race in 2019 Look at it this way: what would a trade deal imply for the Chinese? At the very least, it would mean that they must play by the rules. Ultimately, they'll never go for that because it necessarily means that China plays second fiddle to the U.S.As far as Mexico goes, a truce currently exists: Mexico agreed to impose tighter migrant controls in exchange for a tariff-free relationship with the U.S. But it's a very unsettling one, with Trump able to pull the plug if he doesn't like what he sees. My bet is that he doesn't. That also means we may not have a decisive catalyst for Dow stock for quite some time.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post With or Without DuPont, DOW Stock Is Almost Too Complicated appeared first on InvestorPlace.

  • Is 3M Company (MMM) A Good Stock To Buy?
    Insider Monkey5 days ago

    Is 3M Company (MMM) A Good Stock To Buy?

    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

  • Stock Market News For Jun 11, 2019
    Zacks5 days ago

    Stock Market News For Jun 11, 2019

    Markets closed in the green on Monday after President Trump announced that he was suspending plans to impose tariffs on Mexico.

  • Markit6 days ago

    See what the IHS Markit Score report has to say about 3M Co.

    3M Co NYSE:MMMView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for MMM with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MMM totaled $900 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. MMM credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • GuruFocus.com8 days ago

    Stocks That Fell to 3-Year Lows in the Week of June 7

    Schlumberger Ltd., 3M Co., CVS Health Corp. and UBS Group AG have declined to their respective 3-year lows

  • 2 Dividend Stocks to Buy That Are Better Than 3M Stock
    InvestorPlace9 days ago

    2 Dividend Stocks to Buy That Are Better Than 3M Stock

    InvestorPlace columnist James Brumley recently discussed the pros and cons of owning 3M (NYSE:MMM) stock. He concluded that, despite 3M's shrinking profits, MMM stock might be a falling knife worth catching. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBrumley believes the things that ail MMM aren't insurmountable and that MMM stock price has been beaten down due to noise and fear. It's hard to argue with his rationale. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% MMM stock has fallen 25% in the past six weeks since announcing weaker-than-expected Q1 2019 earnings, lower guidance for the remainder of 2019, and the cutting of 2,000 jobs. But since the Q1 earnings were released, there's been little new information to justify the ongoing bloodletting iof 3M stock. MMM now yields 3.61%, a very healthy return for anyone looking for dividend stocks to buy. While I believe 3M stock is an excellent long-term investment, I also think that investors looking for high dividends can find better stocks to buy.Here are two possible ideas. Synovus Financial (NYSE:SNV)Currently yielding 3.66%, the Georgia regional bank has fallen 2.65% in 2019. Recently, Synovus named Jamie Gregory, a Regions Bank (NYSE:RF) executive vice president and head of corporate financial strategy, as its new CFO, replacing Kevin Blair, who was promoted to COO in December. Gregory has a strong background in corporate finance, which is critical in a highly competitive industry. Not only that, but he brings an understanding of community banking to Synovus. In the first quarter, Synovus's adjusted earnings per share grew by 7.6% sequentially and 15.5% on a year- over-year basis. Its adjusted efficiency ratio, which shows how efficiently the bank operated in the quarter, was 50.24%, 7.18 percentage points lower than a year ago. Lower is always good when it comes to this metric.Thanks to SNV's acquisition of FCB Financial Holdings, the owner of the Florida Community Bank, in January, Synovus added more than $9 billion in loans to its portfolio, which stood just shy of $36 billion at the end of March. As the south continues to grow, so, too, will Synovus. Bristol-Myers Squibb (NYSE:BMY)Currently yielding 3.51%, the New York-based pharmaceutical company on Apr. 25 released better-than-expected Q1 earnings, which temporarily put some air under BMY stock. But it has since fallen back towards the mid-$40s. Bristol-Myers' first-quarter earnings per share came in at $1.10, 17% higher than a year earlier and one penny better than analysts' average estimate. On the top line, its revenue was $5.92 billion, 14% higher than a year earlier, and $170 million higher than analysts' consensus outlook. On June 5, Bristol-Myers announced the leadership team that will run the company once it completes its $74-billion acquisition of Celgene (NASDAQ:CELG) later this year. In a key move, its research and development will be divided into an early- phase development team and a late-phase development team, with a Celgene executive handling the early-phase development group and a former Novartis (NYSE:NVS) executive running the late-phase development efforts. Celgene CFO David Elkins will replace Bristol Myer's CFO Charles Bancroft, who is retiring. Current BMY CEO Giovanni Caforio will run the combined business.Look for several of Celgene's drugs that are now in the pipeline to get FDA approval later this year and into 2020. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 2 Dividend Stocks to Buy That Are Better Than 3M Stock appeared first on InvestorPlace.

  • Dow 30 Stock Roundup: UNH to Hike Dividend, MRK Zerbaxa's New Indication Gets FDA Nod
    Zacks9 days ago

    Dow 30 Stock Roundup: UNH to Hike Dividend, MRK Zerbaxa's New Indication Gets FDA Nod

    The index enjoyed a week of strong gains after the Fed Chair indicated that a near-term rate cut was increasingly likely.

  • Business Wire10 days ago

    3M and Dai Nippon Printing Complete Patent License Agreement for Metal Mesh Technology

    3M and 3M Innovative Properties Co. and Dai Nippon Printing Co., Ltd. have signed a patent license agreement for the use of 3M’s metal mesh technology.

  • Teledyne (TDY) to Acquire 3M's Gas & Flame Detection Business
    Zacks10 days ago

    Teledyne (TDY) to Acquire 3M's Gas & Flame Detection Business

    Teledyne (TDY) will benefit significantly from the buyout of 3M's gas and flame detection business, as the business has an annual global sale of about $120 million.

  • 3M to Divest Personal Safety Division's Business to Teledyne
    Zacks10 days ago

    3M to Divest Personal Safety Division's Business to Teledyne

    3M's (MMM) divestment of its Personal Safety Division's gas and flame detection business will likely help it focus on other businesses in the division. Gain of 20 cents per share is likely from this divestment.

  • 3M (MMM) Stock Sinks As Market Gains: What You Should Know
    Zacks11 days ago

    3M (MMM) Stock Sinks As Market Gains: What You Should Know

    3M (MMM) closed at $163.65 in the latest trading session, marking a -0.39% move from the prior day.

  • Teledyne to buy 3M’s gas and flame detection business for $230 million
    American City Business Journals11 days ago

    Teledyne to buy 3M’s gas and flame detection business for $230 million

    Teledyne Technologies Inc. has offered to buy the gas and flame detection business of 3M for $230 million in cash.

  • 3M selling gas, flame detection business in $230 million deal
    American City Business Journals11 days ago

    3M selling gas, flame detection business in $230 million deal

    3M Co. said Wednesday it has an agreement to sell its gas and flame detection business to Teledyne Technologies Inc. for $230 million.

  • Business Wire11 days ago

    3M to Sell its Gas and Flame Detection Business

    3M announced today it has received a binding offer from Teledyne Technologies Incorporated, to purchase 3M’s gas and flame detection business for $230 million, subject to closing and other adjustments. Teledyne is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. The gas and flame detection business is part of 3M’s Personal Safety Division.

  • Moody's12 days ago

    SHAWBROOK MORTGAGE FUNDING 2019-1 PLC -- Moody's assigns definitive ratings to Notes issued by Shawbrook Mortgage Funding 2019-1 plc

    Moody's has not assigned a rating to the GBP 16.3M Class Z Mortgage Backed Floating Rate Notes due 2050. The Notes are backed by a static pool of UK Buy-to-Let ("BTL") mortgage loans originated by Shawbrook Bank Limited ("Shawbrook").

  • 3M Stock May Be a Falling Knife Worth Catching
    InvestorPlace12 days ago

    3M Stock May Be a Falling Knife Worth Catching

    The past month hasn't been a particularly enjoyable one for the owners of 3M (NYSE:MMM) stock. In the latter part of April, the highly-diversified company cautioned that weakness in China would take a toll on its 2019 bottom line, and just a couple of weeks ago, an analyst warned the dividend that had made MMM stock a hero to income-minded investors was in jeopardy.Source: Shutterstock All told, the 27% dip in the 3M stock price since Apr. 25 makes superficial sense. Under the surface, though, the depth of the selloff of MMM stock may not hold up to scrutiny. * 6 Big Dividend Stocks to Buy as Yields Plunge Buying 3M stock looks tantamount to catching a falling knife, with no assurance any rebound will take shape now, if at all. For an investor with a little money to play with and a willingness to keep MMM stock on a short leash though, the shares look interesting now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips An Analyst's Take on MMM StockWriting about the dividend of 3M stock in mid-May, J.P. Morgan analyst Stephen Tusa stated, "Another leg down in fundamentals would mean they are on watch for a cut, after 37 straight years of increase."A year ago, such a development would have been unthinkable. Many of the old-guard names have already taken such a step, however. General Electric (NYSE:GE) started to pare back its payout in 2017, and more than a little legitimate-sounding dividend-cut chatter has plagued the likes of Ford Motor (NYSE:F) and AT&T (NYSE:T) for awhile now. So a dividend cut by 3M somehow doesn't seem out of the question.It's not just the dividend Tusa is concerned about, however. He's also worried about the bigger picture. He wrote,"While there are clearly some cyclical forces at play, we continue to believe the secular story, while less readily apparent, is challenged. This late in the cycle, defense growth garners an appropriate premium, and here we see neither defense, nor growth."Tusa concludes of MMM stock that "premium valuation is unjustified by undifferentiated fundamentals." Numerical RealityIt's entirely possible he's right. But, it's also entirely possible Tusa is overdoing it by giving MMM stock an "underweight" rating.As of the latest look, the analyst community is, on average, modeling earnings of $9.52 per share of 3M stock for the current fiscal year, down decidedly from last year's $10.46 on what should be a very slight drop in revenue. Weakness in China and other overseas markets are taking a bigger bite out of profits than sales, and with no end to the trade war in sight, investors have easily been led to assume the worst.The dividend, however, isn't in the deep jeopardy that's been implied.Over the course of the past four quarters, 3M has dished out total dividends of $5.52 per share. For the next four years, analysts, on average, are calling for a total payout of $5.76 per share of MMM stock. That still leaves a cushion in excess of $3.70 per share between the company's anticipated EPS and its expected dividend in 2019. That spread should widen again in 2020.But the amount of income the company will be able to retain for itself and invest in its future growth will be lower than in the past. Tusa is also worried about growing legal liabilities that may "significantly weigh on capital deployment capabilities - which has historically largely driven EPS growth."The organization has finally begun cutting costs, though. After releasing last quarter's disappointing results and equally disappointing outlook, 3M announced it would lay 2000 employees off. The Bottom Line on MMM StockNone of this serves as a guarantee that 3M won't cut its dividend. But, given the unlikelihood of that development in addition to the steep, exaggerated selloff MMM stock price has suffered over the course of the past five weeks, MMM stock is an interesting contrarian pickup at this point.Many analysts don't disagree. Despite the spate of bad news and the subsequent streak of downgrades, the professionals still sport a consensus price target on 3M stock of $188. That's 17% better than the current MMM stock price, which has been beaten down mostly by noise and fear.Nothing ailing 3M right now is insurmountable, and almost all of its problems are finally being addressed.MMM stock may be a knife worth trying to catch.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site,, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Impacted by the Mexican Tariffs * 6 Big Dividend Stocks to Buy as Yields Plunge * The 10 Biggest Announcements From Apple WWDC 2019 Compare Brokers The post 3M Stock May Be a Falling Knife Worth Catching appeared first on InvestorPlace.

  • More than 400,000 jobs will be lost if the 5% tariff goes into effect: research firm
    Yahoo Finance Video10 days ago

    More than 400,000 jobs will be lost if the 5% tariff goes into effect: research firm

    President Trump tells reporters that talks with Mexico are making headway. This as research firm Perryman Group estimates more than 400,000 jobs will be lost this year if the 5% tariff goes into effect. Yahoo Finance's Seana Smith and VP of the Association for Equipment manufacturers Kip Eideberg discuss.