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Investor Insights

This summary was created by AI, based on 17 opinions in the last 12 months.

3M Co. is facing a multitude of challenges, including class-action lawsuits, declining sales, and uncertain macroeconomic conditions. While the company has shown some positive signs in terms of adjusted EPS and operating margin, the overall consensus is cautious. The ongoing legal issues, potential liabilities, and concerns about the company's growth and innovation have led to mixed opinions among experts. Some believe that 3M may be a good long-term investment once the lawsuits are settled, while others advise waiting for more clarity before considering it. The stock's high dividend yield is viewed as reflective of its risky nature, and the general sentiment is to be patient and observe the outcome of the legal challenges.

Consensus
mixed
Valuation
fair value
DON'T BUY
3M Co.

Are in good shape after the spin-off, BUT wait till they settle all of their lawsuits. Same goes with JNJ.

mngmnt / diversified
BUY ON WEAKNESS
3M Co.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

3M's 2024 outlook reflects another year of macroeconomic uncertainty, with lower top-line growth than consensus anticipated. The company's consumer outlook is cautionary, as it expects constrained spending again this year, which may be conservative. 3M's 4Q adjusted EPS of $2.42 was better than expected, supported by a lower tax rate, slightly higher sales growth and benefits from restructuring actions. Organic sales fell 1.4% with a surprise gain in Transportation and Electronics (up 2.7%), but not enough to offset declines in other segments. Adjusted operating margin expanded 180 bps to 20.9%, driven by a 380-bp jump in Transportation and Electronics. A planned first half Health Care spinoff is on track, with cash likely to be used for debt reduction and legal payments. Considering the balance sheet and free cash flow, we would not have serious concerns on the dividend, and consensus still calls for some EPS growth this year ($9.21 to $9.66). But, considering guidance, investors might just sit on the sidelines for a while, despite the low valuation (9X). With other stocks growing faster and doing better fundamentally, we would not see it as overly attractive yet. Negative momentum can continue at times. Its 52-week low is $85-ish. We would be more interested at $90.
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mngmnt / diversified
WATCH
3M Co.

They report Tuesday. They've put the lawsuits behind them. Now, they need to develop some new products that turn into blockbusters, like they used to.

mngmnt / diversified
DON'T BUY
3M Co.

Is still dealing with class-action lawsuits. Doesn't see the end of the tunnel. Is a complex problem involving many US states.

mngmnt / diversified
DON'T BUY
3M Co.

Would not recommend buying at this time. Involvement in lawsuits a concern for investors. Unsure on liabilities associated in lawsuits. Wait to see outcome. Strong R&D pipeline, so could be investment grade in the future, but not right now. Dividend yield reflecting risky nature of business. 

mngmnt / diversified
DON'T BUY
3M Co.

Has suffered several lawsuits. Are liable for billions in a major chemical lawsuit, which resulted in a severely negative quarter. Continues to suffer lawsuits. 3M is in disarray and yet is paying a large dividend (because the stock has fallen). The payout ratio is around 60% (not entirely sure), a little high and uncomfortable.

mngmnt / diversified
DON'T BUY
3M Co.

A discretionary that yields 6.34%, but shares have fallen since early 2021. Before he would buy this, but he sees a sell signal on the S&P 500 (the last time happened in March 2020). He might buy 3M with a stop, but not enthusiastic.

mngmnt / diversified
DON'T BUY
3M Co.

Long term - may be a good investment, but short term is a concern.
~6% dividend too high.
Would not recommend investing.
Legal/liability issues with product ingredients. 
Hearing loss product under investigation.


mngmnt / diversified
BUY
3M Co.

Are cleaning up their class-action lawsuits. Stock is cheap.

mngmnt / diversified
DON'T BUY
3M Co.

Troublesome. Lawsuits on carcinogens and noise protection products, a $25B hit. Struggles on margins and growth.

mngmnt / diversified
DON'T BUY
3M Co.

Look at this once they settled their ongoing lawsuits.

mngmnt / diversified
BUY
3M Co.

An interesting time to buy this, given the earplug lawsuit and this cloud should start to lift. They've paid a dividend for 100 years, raising it for 64 years, paying 5.8%. They are innovative, like robots they've sold to BMW. Dirt cheap. Buy.

mngmnt / diversified
DON'T BUY
3M Co.

Shares have climbed Friday, though have lagged recently, because of hopes that they will settle a pollution lawsuit. However, today the market read that progress negatively, and shares sank.

mngmnt / diversified
DON'T BUY
3M Co.

Bad--the two lawsuits. Don't own this.

mngmnt / diversified
BUY
3M Co.

Wait out the lawsuit as you collect the 5.8% dividend. Be patient.

mngmnt / diversified
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3M Co.(MMM-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 13

Total Signals / Votes : 17

Stockchase rating for 3M Co. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 17 stock analysts published opinions about MMM-N. 4 analysts recommended to BUY the stock. 13 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?

17 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 2024-03-18, 3M Co. (MMM-N) stock closed at a price of $104.8.