Headlines about 3M Company (NYSE:MMM) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 3M Company earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 81 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- CORRECTED-Lennar’s quarterly revenue rises 18.8 pct on higher home sales (feeds.reuters.com)
- Why this Wall Street trader bailed on GE (finance.yahoo.com)
- ETFs with exposure to 3M Co. : June 19, 2017 (finance.yahoo.com)
- US STOCKS-Wall St at record highs as tech stocks bounce back (feeds.reuters.com)
- GE Expands Strategic Ties with MoT and ENR to Augment Growth (zacks.com)
Several brokerages recently weighed in on MMM. Zacks Investment Research raised 3M Company from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a report on Monday. Morgan Stanley raised their target price on 3M Company from $178.00 to $193.00 and gave the stock an “underweight” rating in a research note on Friday, June 9th. Bank of America Corporation restated a “buy” rating and issued a $225.00 target price (up previously from $208.00) on shares of 3M Company in a research note on Tuesday, June 6th. Citigroup Inc. restated a “buy” rating and issued a $229.00 target price (up previously from $220.00) on shares of 3M Company in a research note on Saturday, June 3rd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $234.00 target price on shares of 3M Company in a research note on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $201.10.
Shares of 3M Company (NYSE MMM) remained flat at $213.36 during mid-day trading on Tuesday. 1,531,236 shares of the stock traded hands. 3M Company has a 12-month low of $163.85 and a 12-month high of $214.57. The firm has a market cap of $127.43 billion, a P/E ratio of 25.80 and a beta of 1.10. The company’s 50 day moving average is $201.76 and its 200-day moving average is $188.35.
3M Company (NYSE:MMM) last released its earnings results on Tuesday, April 25th. The conglomerate reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.09. 3M Company had a return on equity of 44.95% and a net margin of 16.78%. The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same quarter last year, the business posted $1.95 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that 3M Company will post $8.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, May 19th were given a dividend of $1.175 per share. This represents a $4.70 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, May 17th. 3M Company’s dividend payout ratio is currently 56.83%.
In related news, VP Marlene Mary Mcgrath sold 14,766 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $194.88, for a total transaction of $2,877,598.08. Following the completion of the transaction, the vice president now directly owns 24,480 shares of the company’s stock, valued at $4,770,662.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider James L. Bauman sold 14,616 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $195.81, for a total value of $2,861,958.96. Following the transaction, the insider now directly owns 16,458 shares of the company’s stock, valued at $3,222,640.98. The disclosure for this sale can be found here. Insiders have sold 33,698 shares of company stock valued at $6,593,443 in the last quarter. 0.58% of the stock is currently owned by company insiders.
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About 3M Company
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, electronics, 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.
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