3M Co (NYSE: MMM) is -1.50% lower on its value in year-to-date trading and has touched a low of $90.17 and a high of $156.35 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 $128.55 in the last trading session, with the day’s loss setting it -1.39%.
Currently trading at $127.16, the stock is -12.99% and -14.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.46 million and changing -1.08% at the moment leaves the stock -3.94% off its SMA200. MMM registered 39.69% gain for a year compared to 6-month gain of -6.00%. The firm has a 50-day simple moving average (SMA 50) of $148.1696 and a 200-day simple moving average (SMA200) of $132.38174.
The stock witnessed a -13.86% loss in the last 1 month and extending the period to 3 months gives it a -2.40%, and is -13.89% 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 6.05% over the week and 3.35% over the month.
3M Co (MMM) has around 61500 employees, a market worth around $68.58B and $26.56B in sales. Current P/E ratio is 16.85 and Fwd P/E is 15.03. Profit margin for the company is 15.71%. Distance from 52-week low is 41.02% and -18.67% from its 52-week high. The company has generated returns on investments over the last 12 months (27.06%).
with sales reaching $5.73B over the same period.The EPS is expected to grow by 6.53% this year, but quarterly earnings will post -2.48% year-over-year. Quarterly sales are estimated to shrink -28.35% in year-over-year returns.
3M Co (MMM) Top Institutional Holders
2622.0 institutions hold shares in 3M Co (MMM), with institutional investors hold 69.93% of the company’s shares. The shares outstanding are 539.47M, and float is at 538.78M with Short Float at 1.98%. Institutions hold 69.84% 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 6.9274 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.89 million shares representing 4.8559% and valued at over $2.75 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.0382 of the shares totaling 11.29 million with a market value of $1.15 billion.
3M Co (MMM) Insider Activity
The most recent transaction is an insider sale by Clarke Victoria, the company’s EVP & Chief Public Affairs Off. SEC filings show that Clarke Victoria sold 1,750 shares of the company’s common stock on Jan 31 ’25 at a price of $154.22 per share for a total of $0.27 million. Following the sale, the insider now owns 194.0 shares.
Still, SEC filings show that on Jan 29 ’25, Roman Michael F (Chairman of the Board) disposed off 49,598 shares at an average price of $152.30 for $7.55 million. The insider now directly holds 180,895 shares of 3M Co (MMM).
