3M Company (MMM) has been making waves in the market lately with several significant new developments. The company's advisory group,
RIA, has recently taken a new position while
Simplify Asset Management Inc. and
Los Angeles Capital Management LLC increased their stakes. Meanwhile, some investors have been reducing their positions, such as
KBC Group NV and
Planning Capital Management Corp. The company's recent performance has piqued analysts’ interest, as 3M beat Q3 estimates despite drops in sales in two of its three units. This led to an
annual profit forecast increase and initiated a review of potential sales of smaller subsidiary businesses. However, the company has seen some volatile stock market behavior with its shares rising 21% in a month and then facing a more significant dip than the broader market.
3M has maintained a $0.70 dividend, extending its 100-year payment streak. The company recently
appointed a new Chief Financial Officer and announced an investors' event, while consistently declaring quarterly dividends. The Q3 results have been strong, raising a full-year 2024 earnings forecast.
3m Company MMM News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Sat, 16 Nov 2024 15:14:34 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
