3MMMM
Market Cap: $70.6B
About: 3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Employees: 85,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more call options, than puts
Call options by funds: $876M | Put options by funds: $553M
11% more first-time investments, than exits
New positions opened: 193 | Existing positions closed: 174
1% more funds holding
Funds holding: 1,872 [Q1] → 1,891 (+19) [Q2]
4% less capital invested
Capital invested by funds: $38.2B [Q1] → $36.8B (-$1.34B) [Q2]
5% less repeat investments, than reductions
Existing positions increased: 695 | Existing positions reduced: 731
1.16% less ownership
Funds ownership: 65.72% [Q1] → 64.56% (-1.16%) [Q2]
10% less funds holding in top 10
Funds holding in top 10: 21 [Q1] → 19 (-2) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 3%downside $125 | Underweight Initiated | 6 Sept 2024 |
Deutsche Bank Nicole Deblase 58% 1-year accuracy 7 / 12 met price target | 17%upside $150 | Buy Upgraded | 31 Jul 2024 |
Argus Research John Eade 62% 1-year accuracy 16 / 26 met price target | 13%upside $145 | Buy Upgraded | 30 Jul 2024 |
Citigroup Andrew Kaplowitz 65% 1-year accuracy 35 / 54 met price target | 3%upside $133 | Neutral Maintained | 29 Jul 2024 |
Barclays Julian Mitchell 69% 1-year accuracy 49 / 71 met price target | 13%upside $145 | Overweight Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 30 articles about MMM published over the past 30 days