NYSE:MMM

179.39
1.96 (1.08%)
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
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.

COMMENT
COMMENT
November 13, 2013

Likes this company, but there are lots of industrials that he prefers such as General Electric (GE-N).

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3M Co. (MMM-N)
November 13, 2013

Likes this company, but there are lots of industrials that he prefers such as General Electric (GE-N).

Gordon Reid

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Price
$128.590
Owned
Unknown
BUY
BUY
November 6, 2013

Industrial sector right now is probably the best performing sector. This company fits right in there and is slowly working its way higher. Broad-based geographic exposure, with the US having only about 35% of the business. Very diversified base of products. About a 2% dividend.

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3M Co. (MMM-N)
November 6, 2013

Industrial sector right now is probably the best performing sector. This company fits right in there and is slowly working its way higher. Broad-based geographic exposure, with the US having only about 35% of the business. Very diversified base of products. About a 2% dividend.

BUY
BUY
April 11, 2013

Had a little bit of difficulty. Seem to have been 1 step forward and 2 steps back over the last several years. This has happened to a lot of the industrial conglomerates because the global economy has not been steady. Over the last couple of quarters they have got it together a little bit and most of their divisions are moving in concert and doing fairly well. Doesn’t feel it is overpriced at 14X earnings. Decent dividend.

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3M Co. (MMM-N)
April 11, 2013

Had a little bit of difficulty. Seem to have been 1 step forward and 2 steps back over the last several years. This has happened to a lot of the industrial conglomerates because the global economy has not been steady. Over the last couple of quarters they have got it together a little bit and most of their divisions are moving in concert and doing fairly well. Doesn’t feel it is overpriced at 14X earnings. Decent dividend.

BUY
BUY
April 10, 2013

So well diversified that it is like the US GDP. His Outlook for the US economic growth is good so this would be a reasonable stock to own.

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3M Co. (MMM-N)
April 10, 2013

So well diversified that it is like the US GDP. His Outlook for the US economic growth is good so this would be a reasonable stock to own.

COMMENT
COMMENT
March 18, 2013

J.P. Morgan did a list of 15 stocks whose free cash flow yield was fairly substantial and have had great resilience in down markets and have outperformed markets on the upside. This was one of them. This is an international conglomerate including healthcare. Thought it was a bit on the expensive side but based on the report by J.P. Morgan, he is going to have a look at this one.

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3M Co. (MMM-N)
March 18, 2013

J.P. Morgan did a list of 15 stocks whose free cash flow yield was fairly substantial and have had great resilience in down markets and have outperformed markets on the upside. This was one of them. This is an international conglomerate including healthcare. Thought it was a bit on the expensive side but based on the report by J.P. Morgan, he is going to have a look at this one.

COMMENT
COMMENT
March 14, 2013

Generally speaking, industrials will do well as the economy continues to recover in the US. Dividend looks pretty solid at 2.4%. Growing at 10% and trading around 15X earnings. Not exactly cheap but it should continue to do well.

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3M Co. (MMM-N)
March 14, 2013

Generally speaking, industrials will do well as the economy continues to recover in the US. Dividend looks pretty solid at 2.4%. Growing at 10% and trading around 15X earnings. Not exactly cheap but it should continue to do well.

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