3M Co (NYSE: MMM) is 38.42% higher on its value in year-to-date trading and has touched a low of $75.65 and a high of $141.34 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 $125.85 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $126.52, the stock is -3.52% and -4.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.93 million and changing 0.53% at the moment leaves the stock 19.35% off its SMA200. MMM registered 61.23% gain for a year compared to 6-month gain of 32.43%. The firm has a 50-day simple moving average (SMA 50) of $132.8164 and a 200-day simple moving average (SMA200) of $105.83181.
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The stock witnessed a -6.18% loss in the last 1 month and extending the period to 3 months gives it a 3.00%, and is -2.13% 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 1.95% over the week and 2.18% over the month.
3M Co (MMM) has around 85000 employees, a market worth around $68.90B and $28.57B in sales. Current P/E ratio is 15.98 and Fwd P/E is 15.95. Profit margin for the company is 15.37%. Distance from 52-week low is 67.25% and -10.49% from its 52-week high. The company has generated returns on investments over the last 12 months (26.76%).
with sales reaching $5.77B over the same period.The EPS is expected to shrink by -5.05% this year, but quarterly earnings will post -24.90% year-over-year. Quarterly sales are estimated to shrink -25.00% in year-over-year returns.
3M Co (MMM) Top Institutional Holders
2503.0 institutions hold shares in 3M Co (MMM), with institutional investors hold 67.36% of the company’s shares. The shares outstanding are 552.58M, and float is at 544.07M with Short Float at 1.40%. Institutions hold 67.28% 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
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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).
