3M (MMM) Earns Coverage Optimism Score of 0.11

Headlines about 3M (NYSE:MMM) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 3M earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the conglomerate an impact score of 46.8105224319879 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

3M (NYSE:MMM) traded down $0.06 during trading on Friday, reaching $229.36. 1,732,091 shares of the company’s stock traded hands, compared to its average volume of 2,114,520. The company has a current ratio of 2.07, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. 3M has a 52-week low of $170.72 and a 52-week high of $238.90. The company has a market cap of $136,608.69, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $2.33 EPS for the quarter, topping the consensus estimate of $2.21 by $0.12. The company had revenue of $8.17 billion during the quarter, compared to the consensus estimate of $7.93 billion. 3M had a net margin of 17.71% and a return on equity of 48.55%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 EPS. equities research analysts expect that 3M will post 9.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 24th will be given a dividend of $0.0118 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Wednesday, November 22nd. 3M’s dividend payout ratio (DPR) is 52.51%.

A number of research analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $234.00 price objective on shares of 3M in a report on Wednesday, August 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $210.00 price objective on shares of 3M in a report on Friday, July 28th. Morgan Stanley raised their price objective on shares of 3M from $190.00 to $201.00 and gave the company an “underweight” rating in a report on Monday, October 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $209.00 price objective (down previously from $210.00) on shares of 3M in a report on Wednesday, July 26th. Finally, William Blair reiterated an “outperform” rating on shares of 3M in a report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $231.16.

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In other news, Chairman Inge G. Thulin sold 6,823 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $233.14, for a total transaction of $1,590,714.22. Following the completion of the sale, the chairman now owns 196,906 shares of the company’s stock, valued at approximately $45,906,664.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jon T. Lindekugel sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $230.06, for a total transaction of $92,024.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,804 shares of company stock valued at $5,303,706. Insiders own 0.58% of the company’s stock.

3M Company Profile

3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

Insider Buying and Selling by Quarter for 3M (NYSE:MMM)

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