3M(MMM)
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3 Dividend Stocks That Just Hit 52-Week Highs but Could Still Be Worth Buying in September
The Motley Fool· 2024-09-04 19:30
These companies are in their best shape in years with no signs of slowing down.Growth stocks like Nvidia and Meta Platforms deserve their medals for driving the S&P 500 and Nasdaq Composite indexes to all-time highs. But there are plenty of other valuable, industry-leading companies that are contributing the market's broader gains.Walmart (WMT -0.08%), 3M (MMM -2.85%), and ExxonMobil (XOM -2.09%) are all hovering around 52-week highs -- with Walmart and 3M tied for the best-performing components in the Dow ...
Is It Too Late to Buy 3M Stock?
The Motley Fool· 2024-09-04 16:25
The stock price has rallied over 50% in the past year on hope for a brighter future for the Minnesota-based conglomerate.Industrial conglomerate 3M (MMM -2.85%) spent 2018 to 2023 on a slow and steady downward slide. Several problems have ailed 3M stock, including lawsuits, growth concerns, and financial constraints from an expensive dividend. Some much-needed changes over the past year have dramatically lifted the market's sentiment toward the stock.3M slashed its dividend to free up cash flow, spun off it ...
3M's Turnaround Story Will Continue This Year
MarketBeat· 2024-08-30 20:15
3M TodayMMM3M$132.99 +1.38 (+1.05%) 52-Week Range$71.12▼$133.18Dividend Yield2.11%Price Target$123.57Add to Watchlist3M NYSE: MMM turned a corner this year, putting the bulk of its litigation risks behind it. While there are still headwinds and hurdles to cross, the path forward is clearer and is one investors will want to pursue. That path includes a return to top-line growth, improving margin, cash flow, and capital return. The recent dividend cut is a mark against it, to be sure, but one that helped put ...
3M Stock Hits 52-Week High, But Enters Overbought Territory
Benzinga· 2024-08-22 23:06
Scotch Tape maker 3M Co MMM is on a roll.The St. Paul, Minnesota-based company clocked a fresh 52-week high of $129.99 during Wednesday trading. 3M stock has seen a phenomenal 40.20% gain year-to-date, a hefty 56.56% rise over the past year and a solid 22.84% jump in the last month alone.But, is the rally sustainable? Let’s take a look at what the charts have to say.Bullish Technicals Fueling The Rally In 3M Stock Chart created using Benzinga Pro3M's technical indicators are signaling a strong bullish trend ...
Daily Dividend Report: MMM, Halliburton, Avnet,Estee Lauder, CBOE
Forbes· 2024-08-20 02:28
The 3M Board of Directors today declared a dividend on the company's common stock of $0.70 per share for the third quarter of 2024. The dividend is payable September 12, 2024, to shareholders of record at the close of business on August 26, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years.Halliburton announced today that its board of directors has declared a 2024 third quarter dividend of seventeen cents a share on the Company's common stock payable on September 2 ...
3M (MMM) Rises 21% in a Month: Is the Stock Worth Buying?
ZACKS· 2024-08-20 00:25
文章核心观点 - 3M公司(MMM)股价在过去一个月内上涨21%,超过了多元化运营行业4.8%的涨幅,而标准普尔500指数下跌0.6% [1] - 3M公司在主要终端市场保持强劲地位,推动其表现出色 [3] 公司业务表现 - 3M公司第二季度财务业绩强劲,调整后净销售额同比增长1.1%至60.2亿美元,有机销售增长1.2% [4] - 交通和电子业务分部受益于电子、汽车&航空航天、商业品牌和运输终端市场的强劲表现 [4] - 安全与工业分部从大部分终端市场需求复苏中获益,尤其是工业粘合剂&胶带、个人安全和汽车后市场 [6] 公司战略举措 - 3M正在进行结构性重组,以精简地理足迹、简化供应链、调整业务销售模式和优化制造角色,预计将降低运营成本、提高利润率和现金流 [7] - 3M通过股息支付和股票回购来回报股东,2023年回报股东33.1亿美元股息和3.3亿美元股票回购 [8] 财务指标 - 3M的过去12个月的净资产收益率(ROE)为112.92%,远高于行业29.32%的水平,反映了公司有效利用股东资金 [9][10] - 3M的市盈率为13.49倍,低于行业平均20.92倍,估值具有吸引力 [11][12] - 3M 2024年和2025年的盈利预测分别上调1.6%和1.4% [13][14]
3M Stock Is Up 40% This Year. Can the Rally Keep Going?
The Motley Fool· 2024-08-18 18:00
公司核心观点 - 3M公司正在经历一次显著的复苏,股价今年上涨了近40%,回到了2022年初以来的最高水平[2] - 公司在经历了疫情后的供应链中断和成本压力后,最新的更新显示了增长反弹和更宽的利润率[3] 财务和运营表现 - 3M公司报告的第二季度调整后每股收益(EPS)为$1.93,远超华尔街平均预期,同比增长39%[4] - 调整后销售额为$60亿,有机基础上同比增长1.2%[4] - 调整后的运营利润率本季度达到21.6%,比去年的17.2%提高了440个基点[6] 市场和产品表现 - 尽管管理层持续提到消费者支出的逆风,但工业终端市场更为稳定[5] - 交通运输和电子部门表现强劲,抓住了半导体行业应用的需求,并从针对电动汽车的新产品发布中受益[5] 长期增长和战略 - 3M的多元化产品组合,包括先进材料、个人防护设备、办公用品和家庭护理产品,使其成为高质量投资机会[9] - 公司预计今年有机收入增长在低个位数百分比,在宏观经济条件仍不稳定的情况下,这显示了公司的韧性和适应能力[10] - 3M的战略包括继续创新更多增值产品,优化定价,同时保持强大的资产负债表,支持积极的前景[11] 估值和投资吸引力 - 3M的股价相对于未来市盈率(P/E)为17,相对于工业部门的领导者如Honeywell International, DuPont de Nemours, 和 Dow,其平均市盈率接近20,显示出吸引力[12] - 考虑到其新发现的财务实力,即使经过最近的上涨,3M仍然可能被低估[13] - 股票还提供有吸引力的$0.70季度股息,前瞻性收益率为2.2%[13] 投资评级和展望 - 3M股票值得买入评级,公司今年开局强劲,有持续成功的乐观预期[14] - 只要宏观经济条件保持韧性,预计3M将继续增长并巩固其市场份额[15]
Here's Why 3M Stock Could Soar by at Least 28% Based on Management's Plans
The Motley Fool· 2024-08-17 16:12
Management plans to generate organic growth by supporting the development of new products over the medium to long term, but it also has an exciting near-term plan to improve cash flow generation.By now, investors in 3M (MMM -0.09%) will know that the stock has appreciated significantly after the second-quarter earnings presentation. While the full-year earnings outlook improved slightly, the increase in the stock price is probably more attributable to new CEO William Brown's outline of his plan to generate ...
Here's Why 3M Stock Soared by 25% in July
The Motley Fool· 2024-08-05 12:55
Investors are excited about the new CEO's plans to improve the company's performance.Shares in industrial giant 3M (MMM -0.97%) rose by a startling 24.8% in July, according to data from S&P Global Market Intelligence. This is a remarkable move, because it nearly all occurred on the day of the company's second-quarter earnings release.Why 3M stock soared in JulyThe second-quarter results were better than expected, and management upgraded its full-year margin growth guidance, leading to an increase in the low ...
3M Appoints New Chief Financial Officer
Prnewswire· 2024-08-01 18:30
公司高层变动 - 3M宣布任命Anurag Maheshwari为执行副总裁兼首席财务官,自2024年9月1日起生效[2] - Anurag Maheshwari目前担任Otis Worldwide Corporation的执行副总裁兼首席财务官,该公司是全球领先的电梯和自动扶梯制造商、安装商和服务商,业务遍及200多个国家和地区[3] - 在加入Otis之前,Maheshwari曾在Harris Corporation和L3Harris担任投资者关系副总裁,负责公司与投资者社区的互动,并推动战略投资规划和资本部署[4] - Maheshwari在加入3M之前,还曾在Otis的亚太地区担任财务、信息技术副总裁及首席转型官[4] 领导层评价 - 3M首席执行官Bill Brown表示欢迎Anurag Maheshwari加入3M及其领导团队,并相信他的领导和专业知识将在推动3M的盈利增长、实现企业运营卓越和推进资本配置优先事项方面发挥重要作用[5] - Anurag Maheshwari表示很高兴加入3M,这是一个他长期以来一直钦佩的公司,并期待与Bill再次合作,与团队合作推进公司的优先事项,为顾客、员工和股东带来积极影响[6] 职责与过渡安排 - 作为3M的首席财务官,Maheshwari将领导公司的全球财务组织,负责业务财务、会计、财务规划和分析、税务、投资者关系,以及转型、国家治理和3M的全球服务中心[7] - 在Maheshwari正式上任之前,3M宣布任命Teri Reinseth为临时首席财务官,自2024年8月1日起生效,Reinseth目前担任公司的高级副总裁、企业控制官和首席会计官[8]