3M Co. (NYSE: MMM) is 43.76% higher on its value in year-to-date trading and has touched a low of $71.35 and a high of $134.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MMM stock was last observed hovering at around $132.15 in the last trading session, with the day’s loss setting it -0.75%.
Currently trading at $131.40, the stock is 2.26% and 12.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.72 million and changing -0.57% at the moment leaves the stock 36.95% off its SMA200. MMM registered 47.09% gain for a year compared to 6-month gain of 69.87%.
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The stock witnessed a 5.21% loss in the last 1 month and extending the period to 3 months gives it a 32.65%, and is -0.16% 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 1.84% over the week and 1.65% over the month.
3M Co. (MMM) has around 85000 employees, a market worth around $72.18B and $30.58B in sales. Current P/E ratio is 77.70 and Fwd P/E is 16.65. Profit margin for the company is 3.08%. Distance from 52-week low is 84.15% and -2.66% from its 52-week high. The company has generated returns on investments over the last 12 months (5.84%).
The EPS is expected to shrink by -5.69% this year
2445.0 institutions hold shares in 3M Co. (MMM), with institutional investors hold 66.86% of the company’s shares. The shares outstanding are 552.58M, and float is at 548.85M with Short Float at 1.59%. Institutions hold 66.79% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 49.9 million shares valued at $5.1 billion. The investor’s holdings represent 8.9909 of the MMM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.36 million shares valued at $3.92 billion to account for 6.9125 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.89 million shares representing 4.8454 and valued at over $2.75 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.0338 of the shares totaling 11.29 million with a market value of $1.15 billion.
3M Co. (MMM) Insider Activity
Still, SEC filings show that on Aug 07 ’24, Roman Michael F (Chairman of the Board) disposed off 5,675 shares at an average price of $123.46 for $0.7 million. The insider now directly holds 174,036 shares of 3M Co. (MMM).
