NYSE:MMM

156.93
1.63 (1.03%)
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.
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Analysis and Opinions about MMM-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 28, 2020
It's had a rough 18 months, but remains a quality company. Activists may be trying to break up this company. It's not his favourite stock. Earnings came out today and they announced re-structuring charges, and they are in the middle of litigation about a chemical leaching into water. Pass. If you already own it, you probably have a big capital gain, or you can switch to Honeywell.
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3M Co. (MMM-N)
January 28, 2020
It's had a rough 18 months, but remains a quality company. Activists may be trying to break up this company. It's not his favourite stock. Earnings came out today and they announced re-structuring charges, and they are in the middle of litigation about a chemical leaching into water. Pass. If you already own it, you probably have a big capital gain, or you can switch to Honeywell.
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.
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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.
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.
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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.
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%.
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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%.
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.
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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.
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.
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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.
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.
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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.
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.
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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.
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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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

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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.

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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

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Price
$209.480
Owned
Unknown
BUY
BUY
September 18, 2017

The chart indicates it is close to breaking through to new high ground. They’ve been paying a dividend for over the past 60 years. If looking for a steady, dividend paying stock, it is a very well diversified company and this would be a good buy. Dividend yield of 2.2%.

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3M Co. (MMM-N)
September 18, 2017

The chart indicates it is close to breaking through to new high ground. They’ve been paying a dividend for over the past 60 years. If looking for a steady, dividend paying stock, it is a very well diversified company and this would be a good buy. Dividend yield of 2.2%.

DON'T BUY
DON'T BUY
May 19, 2017

One of the highest quality companies globally and one of the largest traded industrials on the exchange. However, the market knows this. Trading at 20X earnings, and is not cheap from a valuation standpoint. Investors are paying up for that quality. Also, he doesn’t care for the industrial space in general, because investors were bidding up too much hope and hype on the Trump infrastructure spending plan.

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3M Co. (MMM-N)
May 19, 2017

One of the highest quality companies globally and one of the largest traded industrials on the exchange. However, the market knows this. Trading at 20X earnings, and is not cheap from a valuation standpoint. Investors are paying up for that quality. Also, he doesn’t care for the industrial space in general, because investors were bidding up too much hope and hype on the Trump infrastructure spending plan.

HOLD
HOLD
May 16, 2017

A very well-managed, diversified, industrial company based out of the US. It is very global. The global economy is starting to improve.

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3M Co. (MMM-N)
May 16, 2017

A very well-managed, diversified, industrial company based out of the US. It is very global. The global economy is starting to improve.

BUY
BUY
September 2, 2016

(Market Call Minute.) Good solid price momentum. Very stable stock. High ROE’s.

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3M Co. (MMM-N)
September 2, 2016

(Market Call Minute.) Good solid price momentum. Very stable stock. High ROE’s.

COMMENT
COMMENT
August 25, 2016

(Market Call Minute.) A decent holding for a long-term portfolio. They have just been under a lot of price competition and margins have saturated a little bit, because of a lot of FX exposure.

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3M Co. (MMM-N)
August 25, 2016

(Market Call Minute.) A decent holding for a long-term portfolio. They have just been under a lot of price competition and margins have saturated a little bit, because of a lot of FX exposure.

HOLD
HOLD
July 25, 2016

(Market Call Minute) A GDP type of story in the US.

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3M Co. (MMM-N)
July 25, 2016

(Market Call Minute) A GDP type of story in the US.

HOLD
HOLD
March 29, 2016

He sees stable dividend growth. This is a very consensus favourite name. However, it tends to be an early cycle favourite. Tends to do very well in the short cycle type of products that give a fair boost to revenues. They have guided to very moderate revenue growth going forward. He would be cautious on this.

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3M Co. (MMM-N)
March 29, 2016

He sees stable dividend growth. This is a very consensus favourite name. However, it tends to be an early cycle favourite. Tends to do very well in the short cycle type of products that give a fair boost to revenues. They have guided to very moderate revenue growth going forward. He would be cautious on this.

SELL
SELL
February 8, 2016

XLI-N is the entire industrial space in the US including MMM-N if you want to keep it in US$. If you look at oil prices over the next few years then the CAD$ won’t go above .80 or .90, but you have to weigh this against the return of the stock. ZWA-T is hedged and has the same exposure.

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3M Co. (MMM-N)
February 8, 2016

XLI-N is the entire industrial space in the US including MMM-N if you want to keep it in US$. If you look at oil prices over the next few years then the CAD$ won’t go above .80 or .90, but you have to weigh this against the return of the stock. ZWA-T is hedged and has the same exposure.

BUY
BUY
October 1, 2015

They have been able to execute in all their business lines very well. It has a good strong growth profile. They are strong all over the globe. If you buy it at these levels you will do very well.

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3M Co. (MMM-N)
October 1, 2015

They have been able to execute in all their business lines very well. It has a good strong growth profile. They are strong all over the globe. If you buy it at these levels you will do very well.

COMMENT
COMMENT
August 21, 2015

The company is a very broad based, very globally exposed industrial company. They are facing some very serious effects headwinds. He likes the company. He likes the management. .He doesn't feel that they are doing a bad job, but it is a tough place to be.

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3M Co. (MMM-N)
August 21, 2015

The company is a very broad based, very globally exposed industrial company. They are facing some very serious effects headwinds. He likes the company. He likes the management. .He doesn't feel that they are doing a bad job, but it is a tough place to be.

COMMENT
COMMENT
August 11, 2015

They have been trying to sell off some non-core assets. They were impacted by FX. The company is fine.

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3M Co. (MMM-N)
August 11, 2015

They have been trying to sell off some non-core assets. They were impacted by FX. The company is fine.

WATCH
WATCH
July 8, 2015

20x earnings 2.6%div yield. Incredible company. New products coming out, they are able to grow. Europe may make the stock wobble a bit, but it's a great company so buy if you can. Watch over the next couple of quarters.

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3M Co. (MMM-N)
July 8, 2015

20x earnings 2.6%div yield. Incredible company. New products coming out, they are able to grow. Europe may make the stock wobble a bit, but it's a great company so buy if you can. Watch over the next couple of quarters.

DON'T BUY
DON'T BUY
July 6, 2015

It generally reflects the US economy. It is an innovation company, depending on new products. It has not been as innovated as it could have been. It is okay, but not an exciting stock.

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3M Co. (MMM-N)
July 6, 2015

It generally reflects the US economy. It is an innovation company, depending on new products. It has not been as innovated as it could have been. It is okay, but not an exciting stock.

SELL
SELL
May 5, 2015

An incredible conglomerate of products and therefore a great representation of the overall market. It doesn’t deviate very much from the market trends. You can probably expect this to perform like the industrial sector on a go forward basis. It tends to weaken over the next few months into October. He would be looking to exit this position at this time.

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3M Co. (MMM-N)
May 5, 2015

An incredible conglomerate of products and therefore a great representation of the overall market. It doesn’t deviate very much from the market trends. You can probably expect this to perform like the industrial sector on a go forward basis. It tends to weaken over the next few months into October. He would be looking to exit this position at this time.

HOLD
HOLD
April 30, 2015

Chart shows this has formed a kind of tabletop at around $163 from the beginning of the year. If it dropped below $152, it would suggest that we are probably getting into the $130 range. The fact that it is making a basic pattern is very positive. MACD is starting to turn over a little bit, so that may be saying that there could be a little bit more weakness. The long-term chart looks beautiful. There is nothing in the technicals that would indicate any change.

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3M Co. (MMM-N)
April 30, 2015

Chart shows this has formed a kind of tabletop at around $163 from the beginning of the year. If it dropped below $152, it would suggest that we are probably getting into the $130 range. The fact that it is making a basic pattern is very positive. MACD is starting to turn over a little bit, so that may be saying that there could be a little bit more weakness. The long-term chart looks beautiful. There is nothing in the technicals that would indicate any change.

PARTIAL SELL
PARTIAL SELL
January 16, 2015

An industrial conglomerate which does everything from postage to Scotch tape. Innovation is really their growth catalyst. They produce 20 products, on average, a year and a 3rd of their revenue comes from products that are less than 5 years old. They are still continuing to expand aggressively. They are issuing $3-$5 billion of debt this year, looking to putting it to work for growth. Stock has continued to run up. If you own, it is a good time to take some money off the table, just because of its valuation. Historical PE is around 12X, and is currently trading at close to double that.

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3M Co. (MMM-N)
January 16, 2015

An industrial conglomerate which does everything from postage to Scotch tape. Innovation is really their growth catalyst. They produce 20 products, on average, a year and a 3rd of their revenue comes from products that are less than 5 years old. They are still continuing to expand aggressively. They are issuing $3-$5 billion of debt this year, looking to putting it to work for growth. Stock has continued to run up. If you own, it is a good time to take some money off the table, just because of its valuation. Historical PE is around 12X, and is currently trading at close to double that.

SELL
SELL
January 2, 2015

A wonderful company, but priced to perfection. This is a favourite among industrial portfolio managers. It tends to be early cycle material, so as you see an uptick in the economy, this stock tends to do very well early on, but we are beyond that.

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3M Co. (MMM-N)
January 2, 2015

A wonderful company, but priced to perfection. This is a favourite among industrial portfolio managers. It tends to be early cycle material, so as you see an uptick in the economy, this stock tends to do very well early on, but we are beyond that.

BUY
BUY
December 4, 2014

US Economy is the best economy in the developed world. It is an innovation company as well as a GDP company. His industrials are mostly in GE-N.

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3M Co. (MMM-N)
December 4, 2014

US Economy is the best economy in the developed world. It is an innovation company as well as a GDP company. His industrials are mostly in GE-N.

WATCH
WATCH
November 17, 2014

It broke out, but if it came back to test the bottom and then it held, he would go into it.

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3M Co. (MMM-N)
November 17, 2014

It broke out, but if it came back to test the bottom and then it held, he would go into it.

PARTIAL SELL
PARTIAL SELL
November 11, 2014

Has done well, particularly in the last year. This is a very large global company, and some would argue that it is too big to grow. They took on some debt to buy back stock. Fairly expensive at this level. If you own, consider taking some profits.

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3M Co. (MMM-N)
November 11, 2014

Has done well, particularly in the last year. This is a very large global company, and some would argue that it is too big to grow. They took on some debt to buy back stock. Fairly expensive at this level. If you own, consider taking some profits.

COMMENT
COMMENT
November 11, 2014

This is a perfect stock to rotate into. As a bull market matures, what you want to do at the backend of the market is to pick up the deep cyclicals, and this is one of them. He would favour this. No top insight for the stock.

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3M Co. (MMM-N)
November 11, 2014

This is a perfect stock to rotate into. As a bull market matures, what you want to do at the backend of the market is to pick up the deep cyclicals, and this is one of them. He would favour this. No top insight for the stock.

HOLD
HOLD
October 29, 2014

Doesn't see a huge amount of upside in a company like this. It is a stable business and has done okay in the past, because there has been a flight to steadier, stable businesses. People are going to make their money in the more cyclical names, such as financials, industrials, technologies, and to a lesser degree the material/energy companies.

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3M Co. (MMM-N)
October 29, 2014

Doesn't see a huge amount of upside in a company like this. It is a stable business and has done okay in the past, because there has been a flight to steadier, stable businesses. People are going to make their money in the more cyclical names, such as financials, industrials, technologies, and to a lesser degree the material/energy companies.

BUY
BUY
March 5, 2014

Are going to take on more debt to buy back stock and make acquisitions.

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3M Co. (MMM-N)
March 5, 2014

Are going to take on more debt to buy back stock and make acquisitions.

COMMENT
COMMENT
January 28, 2014

Amongst the most profitable and consistently has the best organic growth of the diversified industrials. Have signalled they are going to go to a more aggressive cash payout, so put through a huge dividend increase this past fall. Because of the growth in the business, he feels the outlook for dividend growth continues to be very attractive.

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3M Co. (MMM-N)
January 28, 2014

Amongst the most profitable and consistently has the best organic growth of the diversified industrials. Have signalled they are going to go to a more aggressive cash payout, so put through a huge dividend increase this past fall. Because of the growth in the business, he feels the outlook for dividend growth continues to be very attractive.