Press coverage about 3M (NYSE:MMM) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing 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 positive one, with scores nearest to one being the most favorable. 3M earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the conglomerate an impact score of 46.8105224319879 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
3M (NYSE MMM) opened at $239.26 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.07 and a quick ratio of 1.47. 3M has a 1 year low of $171.09 and a 1 year high of $244.23. The stock has a market cap of $142,510.00, a P/E ratio of 26.94, a PEG ratio of 2.61 and a beta of 1.10.
3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $2.33 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.12. 3M had a net margin of 17.71% and a return on equity of 48.55%. The business had revenue of $8.17 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the previous year, the business posted $2.15 EPS. 3M’s quarterly revenue was up 6.0% on a year-over-year basis. equities research analysts forecast that 3M will post 9.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, November 24th will be issued a $0.0118 dividend. This represents a $0.05 dividend on an annualized basis 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 currently 52.46%.
A number of analysts have commented on MMM shares. Zacks Investment Research cut shares of 3M from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Bank of America restated a “buy” rating and set a $227.00 target price on shares of 3M in a research note on Thursday, September 14th. Credit Suisse Group reaffirmed an “outperform” rating and set a $237.00 price target (up from $229.00) on shares of 3M in a research report on Wednesday, October 11th. Citigroup raised their price target on shares of 3M from $250.00 to $262.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Goldman Sachs Group raised shares of 3M from a “sell” rating to a “neutral” rating and raised their price target for the stock from $194.00 to $229.00 in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $231.16.
In other 3M news, Chairman Inge G. Thulin sold 6,823 shares of the company’s stock in a transaction dated 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 sale, the chairman now directly owns 196,906 shares of the company’s stock, valued at $45,906,664.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Nicholas C. Gangestad sold 4,004 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $233.84, for a total transaction of $936,295.36. Following the sale, the chief financial officer now directly owns 25,805 shares in the company, valued at $6,034,241.20. The disclosure for this sale can be found here. Insiders sold a total of 22,804 shares of company stock worth $5,303,706 over the last three months. 0.58% of the stock is owned by insiders.
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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.
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