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What should you know before buying stock in 3M Co. (MMM)

3M Co. (NYSE: MMM) is -15.97% lower on its value in year-to-date trading and has touched a low of $85.35 and a high of $113.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MMM stock was last observed hovering at around $92.12 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $91.86, the stock is -1.04% and -8.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.4 million and changing -0.28% at the moment leaves the stock -7.42% off its SMA200. MMM registered -16.65% loss for a year compared to 6-month loss of -12.05%. The firm has a 50-day simple moving average (SMA 50) of $1.89 and a 200-day simple moving average (SMA200) of -$9.12.

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The stock witnessed a -2.64% gain in the last 1 month and extending the period to 3 months gives it a -6.71%, and is -0.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.48% over the month.

3M Co. (MMM) has around 85000 employees, a market worth around $50.77B and $32.68B in sales. Fwd P/E is 8.92. Profit margin for the company is -21.40%. Distance from 52-week low is 7.63% and -18.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.83%).

3M Co. quarterly earnings per share for the current quarter are estimated at $2.08 with sales reaching $7.64B over the same period.The EPS is expected to grow by 3.71% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 2.10% in year-over-year returns.

3M Co. (MMM) Top Institutional Holders

2,468 institutions hold shares in 3M Co. (MMM), with institutional investors hold 66.99% of the company’s shares. The shares outstanding are 552.58M, and float is at 552.10M with Short Float at 1.10%. Institutions hold 66.91% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 48.72 million shares valued at $4.88 billion. The investor’s holdings represent 8.83% of the MMM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 39.81 million shares valued at $3.98 billion to account for 7.21% of the shares outstanding. The other top investors are State Street Corporation which holds 33.31 million shares representing 6.03% and valued at over $3.33 billion, while Charles Schwab Investment Management, Inc. holds 2.34% of the shares totaling 12.9 million with a market value of $1.29 billion.

3M Co. (MMM) Insider Activity

A total of 12 insider transactions have happened at 3M Co. (MMM) in the last six months, with sales accounting for 4 and purchases happening 8 times. The most recent transaction is an insider sale by Chavez Rodriguez Beatriz Karin,the company’sGroup President. SEC filings show that Chavez Rodriguez Beatriz Karin sold 426 shares of the company’s common stock on Feb 14 at a price of $92.32 per share for a total of $39330.0. Following the sale, the insider now owns 3966.0 shares.

3M Co. disclosed in a document filed with the SEC on May 18 that Ashish Khandpur K (Group President) sold a total of 9,432 shares of the company’s common stock. The trade occurred on May 18 and was made at $99.27 per share for $0.94 million. Following the transaction, the insider now directly holds 20943.0 shares of the MMM stock.

Still, SEC filings show that on Apr 28, Hammes Eric D. (EVP & Chief Count Gov Svc Off) disposed off 6,487 shares at an average price of $105.33 for $0.68 million. The insider now directly holds 10,430 shares of 3M Co. (MMM).

3M Co. (MMM): Who are the competitors?

The company’s main competitors (and peers) include Johnson & Johnson (JNJ) that is trading 5.26% up over the past 12 months. Honeywell International Inc. (HON) that is 0.94% higher over the same period.

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