3M Co. (MMM)

3M Co (MMM)

Postby winston » Thu Jul 23, 2009 8:13 pm

3M profit down 17 percent, ups 2009 revenue forecast

BOSTON (Reuters) - Diversified U.S. manufacturer 3M Co (MMM.N) reported a 17 percent drop in quarterly profit as the recession crimps demand for its Scotch tape, optical films for liquid crystal displays and other projects.

The company also said on Thursday it now expects organic sales for the year to drop by 10 percent to 13 percent, a more modest decline than its prior forecast for a fall of 11 percent to 15 percent. It now looks for 2009 profit of $4.10 to $4.30 per share, raising the low end of its forecast from $3.90.

3M said second-quarter net income came to $783 million, or $1.12 per share, down from $945 million, or $1.33 per share, a year earlier.

Revenue fell 15 percent.

The breadth of its operations and geographic reach make the St. Paul, Minnesota-based company a bellwether of the U.S. economy.

3M shares are up about 11.6 percent this year, outpacing a 1.2 percent rise in the Dow Jones industrial average .DJI.
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Re: 3M Co (MMM)

Postby winston » Wed Oct 26, 2011 10:34 am

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3M Co <MMM.N> reported quarterly profits that missed expectations and cut its 2011 forecast.

The Dow component said the crisis in Europe was weakening consumer demand and taking a toll on profit, sending shares down 6.3 percent to $77.04

Source: Reuters
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3M Co. (MMM)

Postby winston » Sun Aug 02, 2015 7:15 pm

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5 Retirement Stocks to Buy for a Growth Spurt

With brand names ranging from Scotch tape to Nexcare bandages to its own 3M-branded sandpaper — and more — owning 3M Co. (MMM) is like owning a diversified mutual fund.

While its consumer products are in a field of heated competition, 3M has the scale and reach to maintain and even grow market share.

For some current and about-to-be retirees, a dividend yield of only 2.7% might be a deal-breaker, erasing MMM from a list of retirement stocks to own. But, there’s more to 3M than meets the eye.

The company has faithfully raised its dividend every year since 1959. And those haven’t been nominal increases, either.

On average, MMM stock’s payout doubles every nine years, and that’s in addition to the stock’s long-term capital appreciation.

Source: Investor Place
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Re: 3M Co. (MMM)

Postby winston » Thu Jun 09, 2016 8:14 pm

Manufacturing giant 3M hits an all-time high… up nearly 25% since late January.
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Re: 3M Co. (MMM)

Postby winston » Wed Jun 29, 2016 7:39 pm

THIS BULL MARKET IS BACK IN FULL SWING

Today's chart shows the bull market in manufacturing has resumed...

Regular DailyWealth readers know we routinely track several businesses that tell us what's going on in the U.S. economy. Over the years, we've written about how credit-card companies, ski-resort operators, and pool-supply firms can act as reliable gauges for economic stability.

The manufacturing industry is another example. Consider $100 billion manufacturing conglomerate 3M (MMM). The company makes everything from aircraft-control systems to Post-it notes and Scotch tape. 3M did $30 billion in sales last year and has nearly 90,000 employees. When the U.S. economy is chugging along, shares of 3M benefit.

You can see that 3M is in the middle of a multiyear bull market. The stock slid roughly 20% from March 2015 through this past January. But it has since resumed its uptrend, recently touching a new all-time high.

Shares are up about 300% from their 2009 lows. It's another good sign for the U.S. economy.

Source: Daily Wealth
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Re: 3M Co. (MMM)

Postby winston » Tue Jul 12, 2016 9:44 am

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Stellar Dow Jones Stocks #6: 3M Co (MMM)

Year-to-Date Performance: 18%

Shares in boring old 3M Co (NYSE:MMM) are up more than 18% so far this year, sport a decent dividend yield of 2.51% and the Street is bullish on its shorter-term prospects too.

3M faces the same risks as any other international industrials name — forex, the Brexit, economic malaise — but it’s still churning out solid profits.

EPS is expected to rise 9% this year and 8% in 2017. Best of all, MMM is doing it mostly with organic growth.

The market cheers organic growth because, well, acquisitions are expensive. Cost controls are another part of the story. The bottom line is MMM generated $5 billion in free cash flow over just the past year.

Source: Investor Place
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Re: 3M Co. (MMM)

Postby winston » Fri Oct 14, 2016 9:29 pm

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This Dividend Aristocrat Has Raised its Dividend for 58 Years in a Row

By Bob Ciura

The company currently pays $4.44 per share annually, which amounts to a 2.7% dividend yield. That is higher than the S&P 500, which yields 2% on average.


Source: Wyatt Investment Research

http://dailytradealert.com/2016/10/14/t ... -in-a-row/
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Re: 3M Co. (MMM)

Postby winston » Sat Nov 12, 2016 9:39 am

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MMM gets back to its breakdown point

3M Company operates as a diversified technology company worldwide.

The company serves automotive, electronics and energy, appliance, paper and printing, packaging, food and beverage, construction, clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, home improvement, drug and pharmacy retail, and other markets.

The company sells its products through wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users.

Source: Wealth Blueprint Letter

http://wealthblueprintletter.com/mmm-ge ... d78ccde343
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Re: 3M Co. (MMM)

Postby winston » Fri Jan 06, 2017 11:25 am

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3M Co (NYSE: MMM)

by: Christian Tharp, CMT

3M Company operates as a diversified technology company worldwide.

The company operates through its Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer segments.

3M Company serves automotive, electronics and energy, appliance, paper and printing, packaging, food and beverage, construction, clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, home improvement, drug and pharmacy retail, and other markets.

Source: Today's Big Stock

http://todaysbigstock.com/2017/01/05/3m-co-nyse-mmm-3/
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Re: 3M Co. (MMM)

Postby winston » Tue Jan 10, 2017 10:06 pm

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A “Buy and Hold Forever” Dividend King

By Brian Bollinger

Source: Simply Safe Dividends

http://dailytradealert.com/2017/01/10/a ... dend-king/
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