NYSE:MMM

171.47
7.10 (4.32%)
The 3M Company, formerly known as the Minnesota Mining and Manufacturing Company, is an American multinational conglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods.
More at Wikipedia

Analysis and Opinions about MMM-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 27, 2019
He's looked at it over the years. It's a great industrial. What worries him is they're at great litigation risk because of PFAS, in products like Scotchguard. Avoid it.
3M Co. (MMM-N)
November 27, 2019
He's looked at it over the years. It's a great industrial. What worries him is they're at great litigation risk because of PFAS, in products like Scotchguard. Avoid it.
Gordon Reid
President, GoodReid Investment Counsel
Price
$170.610
Owned
No
WATCH
WATCH
November 22, 2019
The whole industrial space has struggled due to the slow-down. It’s missed its quarterly numbers a couple times in a row. Investors are a little upset with it, though it is a well diversified manufacturing company. He’s looked into it but hasn’t purchased it yet. It’s not a bad bet if you think there won’t be a recession.
3M Co. (MMM-N)
November 22, 2019
The whole industrial space has struggled due to the slow-down. It’s missed its quarterly numbers a couple times in a row. Investors are a little upset with it, though it is a well diversified manufacturing company. He’s looked into it but hasn’t purchased it yet. It’s not a bad bet if you think there won’t be a recession.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$167.600
Owned
No
DON'T BUY
DON'T BUY
October 24, 2019
Tough earnings report this morning underscores moderating global growth. Dividend solid, but share price weak. Technical signs not great. Underperforming the broader S&P. Organic growth slowing. Biggest risk is litigation. Yield is 3.6%.
3M Co. (MMM-N)
October 24, 2019
Tough earnings report this morning underscores moderating global growth. Dividend solid, but share price weak. Technical signs not great. Underperforming the broader S&P. Organic growth slowing. Biggest risk is litigation. Yield is 3.6%.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$0.000
Owned
Unknown
COMMENT
COMMENT
October 4, 2019
CCL vs 3M MMM-N has a lot of pollution liability and is facing large lawsuits for ground water polluting. CCL.B-T is a disciplined acquirer, making labels and packaging. He thinks CCL.B-T maybe oversold and would come back. He would favour it over MMM-N.
3M Co. (MMM-N)
October 4, 2019
CCL vs 3M MMM-N has a lot of pollution liability and is facing large lawsuits for ground water polluting. CCL.B-T is a disciplined acquirer, making labels and packaging. He thinks CCL.B-T maybe oversold and would come back. He would favour it over MMM-N.
David Baskin
President, Baskin Wealth Management
Price
$155.820
Owned
Unknown
DON'T BUY
DON'T BUY
October 2, 2019
He is not holding this one. A good company, but not a great one. It was a beneficiary when GE was doing poorly and more recently to Boeing's issues. All are big in the industrial space and big traders swing among them at various times. They have a lot of exposure to the Japanese Yen, which has been unhelpful to them.
3M Co. (MMM-N)
October 2, 2019
He is not holding this one. A good company, but not a great one. It was a beneficiary when GE was doing poorly and more recently to Boeing's issues. All are big in the industrial space and big traders swing among them at various times. They have a lot of exposure to the Japanese Yen, which has been unhelpful to them.
David Fingold
VP and Portfolio Manager, Dynamic Funds
Price
$155.650
Owned
No
DON'T BUY
DON'T BUY
August 7, 2019
He would stay away. They have had earnings misses and negative revisions. Not a good risk, especially this late in the cycle.
3M Co. (MMM-N)
August 7, 2019
He would stay away. They have had earnings misses and negative revisions. Not a good risk, especially this late in the cycle.
Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$163.640
Owned
No
DON'T BUY
DON'T BUY
December 11, 2018
A diversified industrial company across consumer, industrials and materials, but they have weak topline growth. About 18 months ago, they bought back stock, but added debt, when interest rates were low. Not her first choice in this space. Others have better top- and bottom-line growth.
3M Co. (MMM-N)
December 11, 2018
A diversified industrial company across consumer, industrials and materials, but they have weak topline growth. About 18 months ago, they bought back stock, but added debt, when interest rates were low. Not her first choice in this space. Others have better top- and bottom-line growth.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$197.460
Owned
No
DON'T BUY
DON'T BUY
August 21, 2018

It’s down 20% from its highs, disappointing investors because of tepid growth and squeezed margins. International operations are significant for this company and the strengthening US dollar makes this less valuable. He would look for a different industrial that doesn’t face the same headwinds. When he sees margins being squeezed, he sees a red flag. Is it a management issue or a competitive issue? These tend to be long-legged issues and he prefers not to get involved with companies that have them.

3M Co. (MMM-N)
August 21, 2018

It’s down 20% from its highs, disappointing investors because of tepid growth and squeezed margins. International operations are significant for this company and the strengthening US dollar makes this less valuable. He would look for a different industrial that doesn’t face the same headwinds. When he sees margins being squeezed, he sees a red flag. Is it a management issue or a competitive issue? These tend to be long-legged issues and he prefers not to get involved with companies that have them.

Gordon Reid
President, GoodReid Investment Counsel
Price
$205.690
Owned
No
SELL
SELL
June 5, 2018

3M is very exposed internationally. Sell it. Trade tensions will make investors doubtful. Their chart has suffered. Sellers are selling more urgently than the buyers.

3M Co. (MMM-N)
June 5, 2018

3M is very exposed internationally. Sell it. Trade tensions will make investors doubtful. Their chart has suffered. Sellers are selling more urgently than the buyers.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$201.200
Owned
Unknown
COMMENT
COMMENT
May 28, 2018

It's a quality business that he really likes. Don't buy today. Buy a half position at a lower price than today, and if it falls further, buy a second and final position. Trades at 19x forward earnings so it's a ittle pricier than the overal market. It should hold current levels, though pay attention if it breaks $200. If you buy some shares today and go away for 10 years, you'll make money.

3M Co. (MMM-N)
May 28, 2018

It's a quality business that he really likes. Don't buy today. Buy a half position at a lower price than today, and if it falls further, buy a second and final position. Trades at 19x forward earnings so it's a ittle pricier than the overal market. It should hold current levels, though pay attention if it breaks $200. If you buy some shares today and go away for 10 years, you'll make money.

Wolfgang Klein
Senior investment advisor, Canaccord Genuity Wealth Management
Price
$199.030
Owned
Unknown
BUY
BUY
February 1, 2018

Massive industrial company. Very interesting. What is great about it is that has been very consistent through the years. Like J&J has different line of businesses. Doesn’t have the cyclicality that you have in other industrial companies.

3M Co. (MMM-N)
February 1, 2018

Massive industrial company. Very interesting. What is great about it is that has been very consistent through the years. Like J&J has different line of businesses. Doesn’t have the cyclicality that you have in other industrial companies.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$247.940
Owned
Unknown
HOLD
HOLD
December 12, 2017

This has done very well in the last 3 months. Just put out some guidance for next year, which was better than expected. A very high quality diversified industrial company in the US, and is quite global with about 60% of revenues from outside North America. Valuation is relatively expensive, trading above its historical metrics in terms of the PE ratio, so she wouldn't be chasing it.

3M Co. (MMM-N)
December 12, 2017

This has done very well in the last 3 months. Just put out some guidance for next year, which was better than expected. A very high quality diversified industrial company in the US, and is quite global with about 60% of revenues from outside North America. Valuation is relatively expensive, trading above its historical metrics in terms of the PE ratio, so she wouldn't be chasing it.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$236.580
Owned
No
HOLD
HOLD
October 24, 2017

This really hit it out of the park with their earnings today. It’s up over 7%. A good, high quality company to have in a portfolio. Great balance sheet.

3M Co. (MMM-N)
October 24, 2017

This really hit it out of the park with their earnings today. It’s up over 7%. A good, high quality company to have in a portfolio. Great balance sheet.

John Petrides
Managing Dir. & Portfolio Manager, Point View Wealth Management
Price
$234.650
Owned
Unknown
COMMENT
COMMENT
September 29, 2017

He is very much in favour of industrial stocks. Higher highs and higher lows. It has support at its 50-day moving average. Feb 11 to July 5 is the optimal time to be buying this. We are outside of that time frame, but between the end of August through to the end of the year, this tends to move higher. Technically, it broke out above short-term resistance at about $210, and he has seen retracement. If it can hold that as a level of support, it is expected to go higher.

3M Co. (MMM-N)
September 29, 2017

He is very much in favour of industrial stocks. Higher highs and higher lows. It has support at its 50-day moving average. Feb 11 to July 5 is the optimal time to be buying this. We are outside of that time frame, but between the end of August through to the end of the year, this tends to move higher. Technically, it broke out above short-term resistance at about $210, and he has seen retracement. If it can hold that as a level of support, it is expected to go higher.

Jon Vialoux
Research Analyst, CastleMoore Inc.
Price
$209.900
Owned
Unknown
HOLD
HOLD
September 27, 2017

A fantastic, huge multinational industrial. Operates in a number of specialty industrial areas, as well as some consumer products. A classic, long term growth company, but given the run, you have to be really careful. Wait for some sort of correction.

3M Co. (MMM-N)
September 27, 2017

A fantastic, huge multinational industrial. Operates in a number of specialty industrial areas, as well as some consumer products. A classic, long term growth company, but given the run, you have to be really careful. Wait for some sort of correction.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$209.480
Owned
Unknown
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