3M
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 Q3 regulatory filings by fund managers ($100M+ AUM)
154% more first-time investments, than exits
New positions opened: 269 | Existing positions closed: 106
41% more call options, than puts
Call options by funds: $1.8B | Put options by funds: $1.28B
34% more capital invested
Capital invested by funds: $38.1B [Q2] → $51.1B (+$13B) [Q3]
29% more funds holding in top 10
Funds holding in top 10: 21 [Q2] → 27 (+6) [Q3]
7% more funds holding
Funds holding: 1,911 [Q2] → 2,046 (+135) [Q3]
0.99% more ownership
Funds ownership: 66.77% [Q2] → 67.76% (+0.99%) [Q3]
30% less repeat investments, than reductions
Existing positions increased: 604 | Existing positions reduced: 858
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
JP Morgan Stephen Tusa 73% 1-year accuracy 22 / 30 met price target | 15%upside $162 | Overweight Maintained | 15 Jan 2025 |
Barclays Julian Mitchell 63% 1-year accuracy 70 / 111 met price target | 14%upside $161 | Overweight Maintained | 8 Jan 2025 |
RBC Capital Matthew Swanson 45% 1-year accuracy 17 / 38 met price target | 32%downside $96 | Underperform Maintained | 3 Jan 2025 |
UBS Damian Karas 69% 1-year accuracy 9 / 13 met price target | 30%upside $184 | Buy Upgraded | 13 Nov 2024 |
RBC Capital Deane Dray 48% 1-year accuracy 30 / 62 met price target | 29%downside $100 | Underperform Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 19 articles about MMM published over the past 30 days
