3M Co. (MMM-N)
147 watching
NYSE:MMM
128.49
0.92
(0.71%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jul 1, 2022, 8:03 pm
0
BUY on WEAKNESS
3M is world-class. Nothing wrong with adding shares here on a pullback, because you will get a reasonable return down the road. You can't go wrong here.
mngmnt / diversified
$130.010
Unknown
PAST TOP PICK
(A Top Pick Apr 14/22, Down 5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MMM has triggered its stop at $141. To remain disciplined we recommend covering the position at this time. This will result in a net investment loss of 13%, when combined with previous buy recommendations.
mngmnt / diversified
PAST TOP PICK
(A Top Pick Apr 14/22, Down 1.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MMM is progressing well. To remain disciplined, we recommend trailing up the stop (from $134) to $141.
mngmnt / diversified
TOP PICK
Stockchase Research Editor: Michael O'Reilly Although a little down trodden, we reiterate this Dividend Aristocrat as a TOP PICK. For 65 years MMM has increased its dividend and today the yield is over 4%, backed by a payout ratio under 60% of cash flow. Recently reported earnings beat estimates by 13% and support a stellar 40% ROE. The company has been aggressively buying back shares and retiring debt, while maintaining its cash reserves. We recommend adjusting the trailing stop to $134, looking to achieve $170 -- upside potential of 15%. Yield 4.01% (Analysts’ price target is $169.86)
mngmnt / diversified
HOLD
Company has faced headwinds from commodity and inflation pressures.
Prices increases have been difficult to pass on to customers.
As supply chain issues resolve, would be a company to own.
Collect dividend if own stock.
mngmnt / diversified
HOLD
Raw costs are going up and has problems with ground water (https://www.bloomberg.com/graphics/2018-3M-groundwater-pollution-problem/). Don't abandon it. Fine to own right here.
mngmnt / diversified
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate MMM as a TOP PICK. The company has benefited, and will likely continue to for a while longer, with the N95 mask manufacturing during the pandemic. It trades at values equivalent to its peers at 17x earnings. It pays a solid dividend backed by a payout ratio of under 60% of cash flow. The company continues to build cash reserves, while paying down debt. We would buy this with a stop loss at $165, looking to achieve $205 -- upside potential over 16%. Yield 3.36% (Analysts’ price target is $200.26)
mngmnt / diversified
DON'T BUY
Many other industrials are positioned better. 3M has been struggling for a direction. Profit growth and revenue growth are slow, and they face litigation risk with PFAS. Avoid.
mngmnt / diversified
PAST TOP PICK
(A Top Pick Sep 24/20, Up 14.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MMM has achieved its $185 objective. To be disciplined, we recommend removing 50% of the position. We also recommend trailing up the stop to $165. This would all but guarantee a minimum return exceeding 8%.
mngmnt / diversified
COMMENT
A past pick from summer 2020 when we started turning the corner on the pandemic He picked 11 stocks that would soar once we got vaccinations, and this is one of two that did not. 3M soared in late-November 2020, but lost momentum, then lost all gains. Problem is 3M has serious legacy issues, including huge environmental problems. Management failed to solve those. 3M reports next Tuesday. He expects another good report like the last one.
mngmnt / diversified
SELL
Fits and starts. Some issues in revenue growth. Has done well more on the back of a trend in the sector. Litigation re carcinogens, and need to be quite careful with that. His favourite in the space is Raytheon, in aerospace and defence. RTX is undervalued and should do well.
COMMENT
The manufacturing sector has run up because there are few American industrial stocks. Pays a fine 3.5% dividend, down nearly 4% YTD, held back by possible pollution lawsuits. This will likely do better if Trump wins, who doesn't care about the environment. Though, 3M has a lot of China exposure. Overall, a high-quality company.
mngmnt / diversified
TOP PICK
Stockchase Research Editor: Michael O'Reilly We are being rewarded for our patience and are making MMM a Top Pick following a recent pullback in the stock. As previously reported, the maker of the N95 masks has been in the spot light as they have directly been keeping front line workers safer during the pandemic. For 2020 they expect to have produced 2 billion of the masks and continue to partner with the US Department of Defense. The company is mulling over selling the food safety business for $3.5 billion -- 10 times annual revenues of the segment. The segment contributed 1% of total sales in 2019. Their health care segment is expected to pick up as well, after seeing a 12% yoy slowdown, as delays in elective procedures are removed. It has an attractive yield that is backed by a payout ratio of 65% of cash flow. We look for this to test $185 and would use $149 as a stop-loss. Yield 3.69% (Analysts’ price target is $166.47)
mngmnt / diversified
BUY on WEAKNESS
Stockchase Research Editor: Michael O'Reilly The maker of the N95 masks has been in the spot light as they have directly been keeping front line workers safer during the pandemic. For 2020 they expect to have produced 2 billion of the masks and continue to partner with the US Department of Defense. The automotive OEM business has struggled with sales down 44% during the pandemic, but analysts expect that to rebound and that could have a sizable impact to the bottom line. Their health care segment is expected to pick up as well, after seeing a 12% yoy slowdown, as delays in elective procedures are removed. It has an attractive yield that is backed by a payout ratio of 65% of cash flow. We like the technical breakout recently and look for this Top Pick to test $185. We would like to buy on a pullback to $160 -- looking for over 15% upside. Yield 3.47%
mngmnt / diversified
DON'T BUY
Not so high on this one. Trouble getting traction. Exposed to the global economy. Revenues for 2021 will be lower than in 2018. Profitability metrics are challenged. PFAS lawsuit is building steam, which could be as big as asbestos or lead in paint issues.
mngmnt / diversified
3M Co.(MMM-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 5
3M Co.(MMM-N) Frequently Asked Questions
What is 3M Co. stock symbol?
3M Co. is a American stock, trading under the symbol MMM-N on the New York Stock Exchange (MMM). It is usually referred to as NYSE:MMM or MMM-N
Is 3M Co. a buy or a sell?
In the last year, 5 stock analysts published opinions about MMM-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for 3M Co..
Is 3M Co. a good investment or a top pick?
3M Co. was recommended as a Top Pick by on . Read the latest stock experts ratings for 3M Co..
Why is 3M Co. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is 3M Co. worth watching?
5 stock analysts on Stockchase covered 3M Co. In the last year. It is a trending stock that is worth watching.
What is 3M Co. stock price?
On 2022-07-01, 3M Co. (MMM-N) stock closed at a price of $128.49.
