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

Earnings jumped 16.7% at 3M Company

Earnings jumped 16.7% at 3M Company

A big part of this firm’s appeal is its huge array of products and its wide geographic reach, which cuts its exposure to any one customer or market.  

The company is also spending more on research and development, which should ultimately spur its earnings and… Read More