3M Company (MMM)
Industrials5 articles
Price chart
Why is MMM moving today?
-0.9%MMM is -0.9% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of just now
3M Company (MMM) overview
3M is a diversified industrial maker of products ranging from Post-it Notes to safety equipment.
MMM is a member of the S&P 500. It sits in the Industrials sector. That sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
3M Company trades on the NYSE under the ticker symbol MMM. The most recent market data puts the share price at about $163.81. That is down 0.92% on the session. At that price the company is worth roughly $84.48B.
Over the past 52 weeks, MMM has traded between $139.34 and $184.90. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 29.1. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. MMM also pays a dividend. It yields around 1.89% at the current price.
Key statistics
Source: Yahoo Finance - quote as of just now
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch MMM
MMM is one of the larger names in the Industrials sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each MMM story as it breaks, and tags it bullish, bearish or neutral.
What moves MMM
- Earnings. MMM reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from MMM.
- Sector news. Industrials stocks often move together, so a rival's news can move MMM too.
Market Mood
Latest MMM news
3M Faces Lawsuit Over 'Forever Chemicals' from Connecticut Firefighters
3M (MMM) and DuPont are required to defend against a lawsuit filed by Connecticut firefighters regarding exposure to 'forever chemicals'. The compounds, linked to various health issues, have raised concerns among firefighters who allege harmful effects from their use. This legal action underscores ongoing scrutiny of chemical manufacturers and their responsibility in environmental health issues. The outcome of this case may significantly influence both companies' operations and financial standings. Investors should monitor this situation as legal developments might affect share prices.
Read More: 3M Faces Lawsuit Over 'Forever Chemicals' from Connecticut Firefighters
3M CO (MMM) Form 144 Filed on July 22 Announcement
On July 22, 3M Company (MMM) filed a Form 144 with the SEC. This document outlines the intention to sell shares and is often used by insiders. The filing suggests potential liquidity events or stock sales by company insiders. For investors, this could indicate changes in share ownership dynamics and influence market perception of 3M (MMM).
Read More: 3M CO (MMM) Form 144 Filed on July 22 Announcement
3M (MMM) Faces $1.4 Billion Lawsuit Over PFAS Contamination
Australia has initiated a lawsuit against 3M (MMM) for $1.4 billion due to contamination caused by PFAS, also known as 'forever chemicals.' This legal action highlights the growing concern over environmental damages linked to chemical manufacturers. The lawsuit, if successful, could lead to significant financial consequences for 3M and may impact investor confidence. As regulatory scrutiny of chemical pollutants increases, outcomes of such cases may influence market dynamics in the environmental and manufacturing sectors.
Read More: 3M (MMM) Faces $1.4 Billion Lawsuit Over PFAS Contamination
3M Faces AU$2bn Lawsuit Over Firefighting Foam Contamination
Australia is suing 3M (MMM) for AU$2bn (US$1.4bn) regarding the alleged use of toxic 'forever chemicals' in firefighting foam. The lawsuit marks the largest legal claim by the Australian government, which seeks to recover costs related to PFAS contamination at 28 defense sites, amounting to over AU$1bn to date. 3M asserts it has never manufactured PFAS in Australia and ceased selling the foam two decades ago. The case highlights the substantial economic and environmental consequences associated with the alleged misrepresentation of the foam’s safety by 3M.
Read More: 3M Faces AU$2bn Lawsuit Over Firefighting Foam Contamination
3M (MMM) SWOT analysis shows mixed signals for stock performance
3M's (MMM) SWOT analysis indicates various mixed signals regarding its stock performance. The company's ongoing transformation may be affecting investor sentiment, though specific numbers or performance metrics are not provided in the analysis. Key factors such as market trends, competitive standing, and internal challenges are identified, which could impact 3M's future financial outlook. It is essential for investors to monitor these developments to assess potential impacts on asset prices.
Read More: 3M (MMM) SWOT analysis shows mixed signals for stock performanceMore Industrials stocks
Frequently asked questions
Is 3M Company in the S&P 500?
Yes. 3M Company trades as MMM and is a member of the S&P 500. The index lists it in the Industrials sector.
What sector is MMM in?
MMM sits in the Industrials sector of the S&P 500.
Where can I find the latest MMM news?
Right here. This page collects recent MMM news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is 3M Company's stock price?
MMM last traded at about $163.81. Prices move all through the session, so this is the latest quote rather than a live one.
What is 3M Company's market cap?
MMM is worth roughly $84.48B. Market cap is the share price times the number of shares outstanding.
What is MMM's P/E ratio?
MMM trades at a trailing P/E ratio of about 29.1. The ratio compares the share price with earnings per share over the past year.