3M turnaround isn't done yet, gaining significant traction and outperforming competitors.
Sei Investments has a $16.42 million stake in the company. 3M's stock has risen 13.4% in three months, and institutional investors have taken note, increasing their ownership to 66%.
M&G Plc acquired additional shares of 3M, underscoring investor confidence. The conglomerate has also continued its strategic divestment with the spin-off of its health care business,
Solventum, which has been completed successfully. Despite some market fluctuations, 3M continues to perform strong. As per quarter one 2024 results, the company recorded promising operational performance prompting it to initiate full-year 2024 guidance. Though 3M stock had experienced a dip this year the overall market outlook remains positive due to its innovative embracement of green technologies, recently investing in green hydrogen leader
Ohmium, indicating a continuing effort from 3M to advance breakthrough climate technologies. Notably, amidst all these developments, William Brown has been appointed as the new CEO of 3M.
3m Company MMM News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 14:46:16 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -5
