3M Company, the U.S.-based multinational corporation, continues its bullish trend on Wall Street. It outperformed competitors on several trading days and saw a significant 4.5% increase in share prices on November 6. MMM maintained its $0.70 dividend, as its history of 100 plus years of dividend payments continued. The appeal for investors remains strong, as seen in SilverOak Wealth Management's $11.34 million stock holdings in the company. Furthermore, 3M's Board greenlit quarterly dividends on several occasions. MM's robust second-quarter results informed an update of full-year 2024 earnings guidance, which boosted its value in the market, leading to a positive investor outlook and strong stock performance. 3M also showed significant EPS growth in the Q3 2024 Earnings Call. However, there were contrasting results, with dip in shares more significant than the broader market in certain instances. Ignoring temporary fluctuations, 3M continues to be a trending favorite among institutional investors owning 66% stock. This praise is supported by recent Q3 earnings surpassing estimates, and revenues increasing Y/Y, despite cyclical recovery and PFAS risks. Notably, MMM announced the filing of Form 10 Registration Statement for planned spin-off of Health Care Business as Solventum, and completed this spin-off in April 2024. Innovation continues, as evidenced by their work on safety solutions for natural disaster preparedness.
3m Company MMM News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 15:27:17 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
