3M has completed the spinoff of its healthcare division. Is now the time to step into the stock? There has been a massive overhang on 3M (MMM 1.64%) for several years from legal, regulatory, and corporate issues. Those are slowly being worked through, which is good news. However, investors have to decide whether 3M today is the same as what 3M used to be. The answer is likely to be no; it isn't. Sell 3M There has been a series of problems facing 3M, and they all seemed to hit at one time. First, there were ...

The bandage has been ripped off, and we have a new CEO. In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss the changes happening at 3M (MMM 1.64%) and whether it's time to buy the beaten-down industrial giant. *Stock prices used were from the afternoon of May 7, 2024. The video was published on May 10, 2024. ...

Blue-chip consumer goods conglomerate 3M Co (NYSE:MMM) is 1.4% higher this morning to trade at $98.69, after HSBC upgraded the stock to "buy" and raised its price target to $115. In the bull note, the analyst pointed towards an improving macroeconomic backdrop that could help 3M see more growth. 3M stock is now within a chip-shot of its May 1, 16-month high of $99.70. The shares' 30-day moving average caught a mid-April pullback, a trendline that's alternated between support and resistance during MMM's zig- ...

3M (MMM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this maker of Post-it notes, industrial coatings and ceramics have returned +3.2%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Diversified Operations industry, which 3M falls in, has gained 1.6%. The key question now is: What could be the stock's fut ...

May has historically been a month of market uncertainty on Wall Street, often characterized by the adage “Sell in May and go away.” While this strategy might not always hold true, it highlights the potential for increased volatility. The prospect of a market correction can be daunting as investors grapple with ongoing geopolitical tensions, sticky inflation levels and interest rate uncertainties. However, periods of heightened choppiness can present valuable opportunities to patient investors with stocks to ...

$67 million investment will create about 40 new jobs ST. PAUL, Minn., May 3, 2024 /PRNewswire/ -- A new 90,000-square-foot expansion at 3M's facility in Valley, Nebraska, will increase the plant's manufacturing capacity and add new jobs to the community. The $67 million investment includes new production lines, equipment and a warehouse, and will help 3M more quickly meet customer demand for the company's personal safety products. The expansion of the plant is expected to create about 40 new jobs. A new 90, ...

SAN RAFAEL, CALIFORNIA - APRIL 30: 3M adhesive products are displayed at a Home Depot store on April ... [+] 30, 2024 in San Rafael, California. 3M reported first quarter earnings that had mixed results. The company reported net income of $928 million compared to $976 million one year ago. (Photo by Justin Sullivan/Getty Images) Getty Images 3M (NYSE: MMM) recently reported its Q1’24 results, with revenues and earnings beating the street estimates. The company reported revenue of $7.72 billion and earnings ...

As expected, 3M plans to reset its dividend after spinning off its healthcare unit. 3M (MMM 2.00%) has been a dividend stalwart. The industrial conglomerate has paid dividends to its shareholders for over a century without interruption and has raised its payout annually for more than 60 straight years. The company's dividend-growth streak currently qualifies it as a Dividend King, a term for companies that have increased their payouts for at least 50 years in a row. However, 3M is about to make a big change ...

Ashish Kurmi (left) and Varun Sharma, co-founders of StepSecurity. (StepSecurity Photo) StepSecurity, a Seattle-area startup aiming to help developers secure their projects, raised a $3 million seed round led by Runtime Ventures. Founded in 2022 by former Microsoft engineers and cybersecurity veterans Ashish Kurmi and Varun Sharma, StepSecurity focuses on CI/CD, an industry term known as continuous integration and continuous delivery that describes the process of automating the development and deployment of ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...