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3m Company MMM - News Analyzed: 3,946 - Last Week: 100 - Last Month: 500

↑ 3M Company MMM Navigates Market Volatility with Success and Strategic Decisions

3M Company MMM Navigates Market Volatility with Success and Strategic Decisions
3M (NYSE:MMM) has been a consistent center of attention for investors, solidifying their designation as a favorite choice with institutional investors, who currently own 66% of its shares. In recent developments, 3M had a strong second quarter, following which they updated their full-year 2024 earnings guidance. They also produced a substantial free cash flow, making them a cost-attractive choice in the market despite some investor disposition fluctuations. The company has embarked on a robust turnaround, emotions strengthened by the completion of their Solventum spin-off in 2024, attracting further investor attention. However, their share price hasn't caught up with their business yet despite a successful first-quarter performance. Recently, 3M appointed William Brown as their new CEO, instigating a market uptick, and their board approved the spin-off of their health care business as Solventum. Despite a minor sales decline in Q1 2024 earnings, the adjusted EPS surpassed expectations, and following impressive Q2 results, they raised their full-year EPS guidance. However, they also announced the departure of their Chief Financial Officer. Several shareholders made changes to their positions, such as Park Avenue Securities LLC and Gateway Investment Advisers LLC. Regardless of a few occasional declines, the stock mostly outperformed the broader market.

3m Company MMM News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Sun, 11 Aug 2024 16:38:46 GMT - Rating 7 - Innovation 8 - Information 9 - Rumor -2

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