Media headlines about 3M (NYSE:MMM) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 3M earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the conglomerate an impact score of 46.4864561025326 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern’s scoring:
A number of research analysts have issued reports on MMM shares. Zacks Investment Research cut 3M from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays started coverage on 3M in a report on Thursday, February 15th. They issued an “underweight” rating and a $235.00 price objective for the company. UBS started coverage on 3M in a report on Tuesday, January 23rd. They set a “neutral” rating and a $262.00 price target for the company. Citigroup boosted their price target on 3M from $268.00 to $278.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Vetr upgraded 3M from a “hold” rating to a “buy” rating and set a $250.06 price objective on the stock in a research report on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $253.22.
Shares of MMM opened at $212.25 on Friday. 3M has a 12 month low of $188.62 and a 12 month high of $259.77. The company has a quick ratio of 1.33, a current ratio of 1.86 and a debt-to-equity ratio of 1.04. The firm has a market cap of $126,394.88, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.
3M (NYSE:MMM) last issued its earnings results on Thursday, January 25th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.07. The company had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.85 billion. 3M had a return on equity of 48.34% and a net margin of 15.35%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. analysts forecast that 3M will post 10.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were given a dividend of $1.36 per share. This is an increase from 3M’s previous quarterly dividend of $0.01. This represents a $5.44 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, February 15th. 3M’s dividend payout ratio (DPR) is currently 59.32%.
In related news, CFO Nicholas C. Gangestad sold 1,681 shares of 3M stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $249.76, for a total value of $419,846.56. Following the sale, the chief financial officer now directly owns 23,562 shares in the company, valued at approximately $5,884,845.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Frank R. Jr. Little sold 3,133 shares of 3M stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $236.85, for a total value of $742,051.05. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock worth $13,162,628 over the last ninety days. 0.58% of the stock is owned by insiders.
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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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