Headlines about 3M (NYSE:MMM) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 3M earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the conglomerate an impact score of 46.6488344215965 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- 3M, State Of Minnesota Settle Lawsuit; To Record Charge In Q1 (nasdaq.com)
- 3M Settles Minnesota Lawsuit for $850 Million (finance.yahoo.com)
- 3M and the State of Minnesota Establish Environmental Partnership, Settle Lawsuit (finance.yahoo.com)
- The Latest: 3M: Don’t believe health issue from PFCs (marketbeat.com)
- The Latest: 3M to pay $850 million to settle chemicals suit (marketbeat.com)
MMM has been the subject of several recent research reports. Argus reissued a “buy” rating on shares of 3M in a research report on Friday, December 22nd. Citigroup upped their price objective on shares of 3M from $250.00 to $262.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a “hold” rating and set a $254.00 price objective on shares of 3M in a report on Thursday, January 25th. ValuEngine downgraded shares of 3M from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Goldman Sachs Group raised shares of 3M from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $194.00 to $229.00 in a report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $254.25.
3M (MMM) traded down $1.60 during trading hours on Tuesday, reaching $235.07. 2,675,916 shares of the company traded hands, compared to its average volume of 2,790,000. The firm has a market cap of $139,980.00, a PE ratio of 25.63, a P/E/G ratio of 2.20 and a beta of 1.08. 3M has a 1 year low of $182.04 and a 1 year high of $259.77. The company has a current ratio of 1.86, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04.
3M (NYSE:MMM) last released its earnings results on Thursday, January 25th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.07. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.85 billion. 3M had a net margin of 15.35% and a return on equity of 48.34%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. research analysts forecast that 3M will post 10.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 16th will be paid a dividend of $1.36 per share. This is a boost from 3M’s previous quarterly dividend of $0.01. This represents a $5.44 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, February 15th. 3M’s dividend payout ratio is presently 59.32%.
In other news, Chairman Inge G. Thulin sold 35,236 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $251.14, for a total value of $8,849,169.04. Following the completion of the transaction, the chairman now owns 253,873 shares in the company, valued at approximately $63,757,665.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael F. Roman sold 4,146 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $246.65, for a total transaction of $1,022,610.90. Following the completion of the transaction, the executive vice president now owns 16,208 shares of the company’s stock, valued at approximately $3,997,703.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,673 shares of company stock valued at $12,420,577. Corporate insiders own 0.58% of the company’s stock.
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3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.
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