3M Company (MMM) Earning Somewhat Favorable News Coverage, Analysis Shows

Media headlines about 3M Company (NYSE:MMM) have trended somewhat positive recently, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 3M Company earned a coverage optimism score of 0.18 on Alpha One’s scale. Alpha One also assigned headlines about the conglomerate an impact score of 80 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have effected AlphaOne Sentiment’s analysis:

Insider Buying and Selling by Quarter for 3M Company (NYSE:MMM)

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded 3M Company from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley increased their target price on 3M Company from $178.00 to $193.00 and gave the stock an “underweight” rating in a research report on Friday, June 9th. Bank of America Corporation reiterated a “buy” rating and set a $225.00 target price (up from $208.00) on shares of 3M Company in a research report on Tuesday, June 6th. Barclays PLC reiterated a “buy” rating on shares of 3M Company in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $234.00 target price on shares of 3M Company in a research report on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $199.93.

3M Company (NYSE MMM) traded up 0.92% during trading on Friday, hitting $213.24. The stock had a trading volume of 3,420,608 shares. 3M Company has a 1-year low of $163.85 and a 1-year high of $213.46. The firm has a market cap of $127.36 billion, a price-to-earnings ratio of 25.79 and a beta of 1.10. The firm’s 50 day moving average is $200.77 and its 200 day moving average is $187.53.

3M Company (NYSE:MMM) last issued its earnings results on Tuesday, April 25th. The conglomerate reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.09. 3M Company had a return on equity of 44.95% and a net margin of 16.78%. The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.48 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts anticipate that 3M Company will post $8.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, May 19th were paid a $1.175 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $4.70 dividend on an annualized basis and a yield of 2.20%. 3M Company’s dividend payout ratio (DPR) is currently 56.83%.

In other 3M Company news, insider Kimberly F. Price sold 3,016 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $198.11, for a total value of $597,499.76. Following the transaction, the insider now owns 9,292 shares in the company, valued at $1,840,838.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Marlene Mary Mcgrath sold 14,766 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $194.88, for a total value of $2,877,598.08. Following the completion of the transaction, the vice president now owns 24,480 shares in the company, valued at approximately $4,770,662.40. The disclosure for this sale can be found here. Insiders sold 33,698 shares of company stock worth $6,593,443 in the last 90 days. Corporate insiders own 0.58% of the company’s stock.

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3M Company Company Profile

3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

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