Get a 4.6% yield from 3M Company

Get a 4.6% yield from 3M Company

A decline in disposable face mask sales partly explained a 3.7% drop in sales for this company during the most-recent quarter.

Earnings beat consensus forecasts, however, and a new spinoff is on the way which should increase shareholder value.

Meanwhile, the stock trades at just 12.6… Read More

3M focuses on industrial products

3M COMPANY $147 remains a buy. The diversified manufacturer (New York symbol MMM; Manufacturing sector; Shares outstanding: 569.6 million; Market cap: $83.7 billion; Dividend yield: 4.0%; Takeover Target Rating: Medium; www.3m.com) now plans to spin off its Health Care division as a separate company. This business makes products that… Read More

Enjoy a 4.2% yield from 3M Company

Enjoy a 4.2% yield from 3M Company

Currency rates and corporate transactions led to a modest 1.7% sales bump for the firm during the most-recent quarter.

A restructuring plan should cut costs while the firm accounts for difficulties involving the high U.S. dollar, Chinese lockdowns and a Belgian legal settlement.

The stock trades at… Read More

3M still has appeal

3M COMPANY $144 remains a buy. The company (New York symbol MMM; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 569.2 million; Market cap: $82.0 billion; Price-to-sales ratio: 2.4; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.3m.com) produces more than 60,000 consumer and industrial goods.
3M recently set aside… Read More

3M Company yields 4.1%

3M Company yields 4.1%

The firm expects sales will improve between 2% and 5% in 2022 (excluding acquisitions and businesses it sold).

That’s down from the 9% gain it saw in 2021 because easing COVID-19 restrictions have reduced demand for medical face masks.

Meanwhile the stock trades at just 13.8… Read More

Updating your Income-Growth Payers: 3M

3M COMPANY $144 remains a buy for long-term gains. The company (New York symbol MMM; Income-Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 571.1 million; Market cap: $82.2 billion; Dividend yield: 4.1%; Dividend Sustainability Rating: Above Average; www.3m.com) makes more than 60,000 consumer and industrial goods, including air purifiers,… Read More

Rising costs weigh on 3M

3M COMPANY $173 is still a buy. The company (New York symbol MMM; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 576.3 million; Market cap: $99.7 billion; Price-to-sales ratio: 2.9; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.3m.com) produces more than 60,000 consumer and industrial goods.
Despite COVID-19-related disruptions… Read More

Spinoff spotlight

3M COMPANY $176 is a buy. The company (New York symbol MMM; Manufacturing sector; Shares outstanding: 576.3 million; Market cap: $101.4 billion; Dividend yield: 3.4%; Takeover Target Rating: Medium; www.3m.com) produces more than 60,000 items, including air purifiers, adhesives, bandages and components for medical devices.
The company is now merging… Read More