3M NYSE: MMM is turning a corner. The company wasn’t hurt by ailing business so much as lawsuits related to legacy businesses that are now primarily in the past. The settlements may still be appealed or amended, but the $18-odd billion in damages is close to the final payments expected. The takeaway is that headwinds are diminishing for this well-positioned industrial giant, and now, catalysts are in play. 3M Today MMM 3M $101.11 +0.58 (+0.58%) 52-Week Range $71.12 ▼ $106.04 Dividend Yield 2.77% Price Targe ...

文章核心观点 - 公司最近解决了PFAS和战斗耳塞的集体诉讼,有利于改善公众形象,提升投资者信心[1] - 公司当前估值吸引,股息收益率高,营收指标良好[1] - 公司完成了医疗业务的分拆上市,有利于公司聚焦主业,并获得约80亿美元的分拆收益[5][6][7] - 分拆医疗业务后,公司短期内会面临利润下滑,但预计未来1-2年内会强劲反弹[8][10] - 公司估值处于历史低位和行业平均水平的折价,未来有较大上涨空间[11] 公司概况 - 公司是一家拥有10年投资银行从业经验的资深研究分析师,专注于行业和公司研究[角色] - 公司主要从事工业产品的研发和制造,是一家多元化的工业集团[1] - 公司最近完成了医疗业务的分拆上市,新公司名为Solventum,股票代码SOLV[5][6] 公司业绩 - 公司最近一年股价上涨30.6%,总收益超过31.5%,远超大盘7%的涨幅[2] - 分拆医疗业务后,公司短期内会面临利润下滑,预计2024年每股收益将下降22%以上[8] - 但预计未来1-2年内公司每股收益将强劲反弹,5年内有望达到10美元[10] 公司估值 - 公司当前估值处于历史低位和行业平均水平的折价,未来有较大上涨空间[11] - 公司目前市盈率仅为14倍,相比行业中位数18倍有23.6%的折价[11] - 未来5年内,公司市盈率有望进一步下降至10倍左右[11] 风险因素 - 经济周期波动可能导致工业产品需求大幅下滑[12] - 原材料价格和通胀压力可能挤压利润空间[12] - 公司近期研发投入有所下降,存在创新能力下降的风险[13][14] - 公司近期宣布了股息减持,可能对投资者情绪造成短期负面影响[15]

3M Company (MMM) is gaining from strength in the Transportation and Electronics segment and accretive acquisitions despite decreasing demand for disposable respirators and weakness in the consumer retail end markets. What’s Aiding 3M Business Strength: 3M has been witnessing solid momentum in the Transportation and Electronics segment, driven by strength in electronics, automotive and aerospace, commercial branding and transportation end markets. Continued channel inventory normalization supported by the st ...

ST. PAUL, Minn., June 13, 2024 /PRNewswire/ -- 3M (NYSE: MMM) announced that it purchased a group annuity contract and will transfer a portion of its U.S. pension payment obligations under the 3M Employee Retirement Income Plan (ERIP) to Metropolitan Tower Life Insurance Company (Met Tower Life), an insurance company. Under the contract, 3M will transfer approximately $2.5 billion of its defined benefit pension obligations and related plan assets for approximately 23,000 U.S. retirees and beneficiaries to M ...

Wall Street is warming to the industrial giant's investment proposition as a new CEO seeks to improve the company's growth rate. Bank of America Securities recently upgraded 3M (MMM -0.05%), with analyst Andrew Obin changing the stock to a buy rating from neutral and hiking his share price target to $120 from $105. This represents a more than 19% premium over the next 12 months to the current stock price. 3M initiated some derisking actions The key to the investment case for the stock involves recognizing t ...

会议主要讨论的核心内容 - 公司在2024年第一季度实现了有机增长,利润率和每股收益同比均有所提升 [2] - 公司已于4月1日成功剥离了Solventum业务,并解决了两起重大诉讼,降低了风险和不确定性 [2] - 公司新任CEO Bill Brown于5月1日上任,正在深入了解公司业务,并将重点放在推动有机增长和持续提升经营业绩 [3][5] - 公司在电子、工业和消费品市场的表现与一季度报告时的预期基本一致 [4] - 公司正在通过精简组织架构、提升供应链效率等措施来提升客户体验和盈利能力 [11][13] 问答环节重要的提问和回答 问题1 **Joe O'Dea 提问** 新任CEO Bill Brown上任后的初步影响和重点工作 [5] **Monish Patolawala 回答** Bill Brown的两大重点是:1)如何提升公司的增长率;2)确保持续的经营业绩。他还强调了保护员工和工厂安全的重要性。Bill Brown将在二季度财报发布时与投资者见面,分享他的更多想法。[5] 问题2 **Joe O'Dea 提问** 公司如何利用跨部门的知识产权和制造协同效应 [6][7] **Monish Patolawala 回答** 公司的创新能力是跨部门共享的,不同部门可以组合多个技术平台来为客户提供创新解决方案。同时公司也有很强的制造协同效应,如一third的创新平台涉及精密涂层和微复制技术。公司通过创新带动增长和利润率提升是关键目标。[7][9] 问题3 **Joe O'Dea 提问** 公司如何评估R&D投资的回报 [8][9] **Monish Patolawala 回答** 公司从多个角度评估R&D投资回报,包括:新产品销售增长、新产品数量和周期、新产品5年销售额占比(NPVI)、新产品利润率等。同时也通过主动管理产品组合来确保资源投入到最有价值的领域。[9]

3M (MMM) closed at $100.66 in the latest trading session, marking a -0.2% move from the prior day. This change lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech- heavy index, added 0.35%. The maker of Post-it notes, industrial coatings and ceramics's shares have seen an increase of 1.95% over the last month, not keeping up with the Conglomerates sector's gain of 7.63% and the S&P 500's gain of 3.25%. The upcoming earnings release of 3M will be of great interes ...

The most recent trading session ended with 3M (MMM) standing at $97.56, reflecting a -1.13% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.74%. Meanwhile, the Dow experienced a drop of 1.06%, and the technology-dominated Nasdaq saw a decrease of 0.58%. Heading into today, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 2.25% over the past month, lagging the Conglomerates sector's gain of 4.56% and the S&P 50 ...

文章核心观点 - 3M公司将于2024年6月11日参加Wells Fargo工业品会议,公司总裁兼首席财务官Monish Patolawala将在会上发表演讲 [1][2] - 3M公司致力于通过解锁人才、创意和科技的力量来应对客户、社区和地球面临的机遇与挑战,为大家创造更美好的世界 [3] 公司信息 - 3M公司是一家在纽约证券交易所上市的公司,股票代码为MMM [1] - 3M公司的投资者关系网站为http://investors.3M.com [2] - 3M公司的媒体联系人为Sean Lynch [4]

The industrial company's payout ratio suggests it can grow the dividend aggressively, but investors should think twice. It's been a while, but 3M (MMM 0.38%) finally and formally cut its dividend recently, approving a dividend of $0.70 for the second quarter, down from the previous quarterly payment of $1.51. Annualizing the dividend means $2.80 per share for the full year, implying a dividend yield of 2.8% using Wednesday's closing price. 3M's dividend cut It was no secret that 3M would cut its dividend si ...