News coverage about 3M (NYSE:MMM) has trended positive recently, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. 3M earned a media sentiment score of 2.67 on their scale. InfoTrie also gave news articles about the conglomerate an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have impacted 3M’s analysis:

NYSE:MMM traded up $1.33 during midday trading on Tuesday, reaching $198.37. 2,163,763 shares of the stock traded hands, compared to its average volume of 2,610,821. 3M has a 12-month low of $181.98 and a 12-month high of $259.77. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $117.10 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.97 and a beta of 1.18.

3M (NYSE:MMM) last posted its earnings results on Tuesday, October 23rd. The conglomerate reported $2.58 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.12). 3M had a net margin of 13.79% and a return on equity of 54.60%. The firm had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same period in the previous year, the company earned $2.33 EPS. The company’s revenue was down .2% on a year-over-year basis. As a group, analysts expect that 3M will post 10.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Friday, November 23rd will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. 3M’s dividend payout ratio is currently 59.32%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of 3M from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. UBS Group upped their price target on shares of 3M from $215.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Deutsche Bank upped their price target on shares of 3M from $210.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, September 28th. Morgan Stanley assumed coverage on shares of 3M in a research report on Monday, August 20th. They set an “equal weight” rating and a $212.00 target price for the company. Finally, Barclays decreased their target price on shares of 3M from $210.00 to $201.00 and set an “underweight” rating for the company in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. 3M presently has an average rating of “Hold” and an average price target of $225.23.

In other 3M news, insider Eric D. Hammes sold 1,272 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $216.00, for a total value of $274,752.00. Following the completion of the transaction, the insider now owns 5,634 shares of the company’s stock, valued at $1,216,944. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory R. Page purchased 1,000 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was bought at an average cost of $184.50 per share, with a total value of $184,500.00. Following the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $276,750. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

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3M Company Profile

3M Company operates as a diversified technology company worldwide. The company's Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products.

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

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