DailyIQ
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MMM·3M Company

$164.49
+1.72 (+1.06%)
After Hours
High
$164.56
Open
$162.37
Market Cap
82.86B
52W High
$184.90
Low
$161.50
P. Close
$164.49
P/E
27.65
52W Low
$139.00
Fwd P/E
16.58
DailyIQ Est.
$188.75
Inst. Ownership
43.0%
Short Interest
1.90%
Days to Cover
3.1
Div. Yield
1.89%
Next Ex-Div
~Nov 24
Technical Score (1D)
46
NEUTRAL
News Sentiment
53
MIXED
On Oct 10, analysts highlighted that 3M’s share price had risen 134.3% over the past three years, prompting a reassessment of whether the current $159.96 price reflects the company’s cash‑flow capacity. They noted that recent commentary on higher revenue and earnings expectations suggests investors are pricing in stronger future cash flows, potentially supporting a higher valuation. The focus remains on aligning projected cash generation with the market price, as the stock’s performance has altered long‑term holders’ positions. The article emphasized that investors are evaluating whether the current price aligns with projected cash generation.
LOW TARGET
$120 -27.0%
2 analysts
MEAN TARGET
$186 +13.2%
14 analysts
HIGH TARGET
$218 +32.6%
8 analysts
PRICE RANGE
$120.00 - $218.00
SB / B / H / S / SS
4/9/9/1/1
DAILYIQ EST.
$188.75 (+14.8%)
Sector
Industrials
Industry
Conglomerates
Exchange
NYQ
Country
United States
Website
Symbol
MMM
Description
3M Company is a global technology and manufacturing enterprise with a diversified portfolio spanning safety, industrial, transportation, electronics, and consumer markets. Its core value proposition lies in providing innovative solutions through three primary business segments. The Safety and Industrial segment offers products designed to protect workers and enhance industrial processes, while the Transportation and Electronics segment focuses on components and materials for vehicles and electronics manufacturing. Finally, the Consumer segment provides a range of products for home, office, and personal care applications. 3M distributes its products through a broad network of channels, including e-commerce, wholesalers, and direct sales, enabling broad market reach across the Americas, Asia Pacific, Europe, the Middle East, and Africa.
Bought (1Y)
0 shares
$0
Sold (1Y)
35,512 shares
$6.0M
Goralski Christian T JRGroup President
Option Exercise217 shares2026-10-07
Goralski Christian T JRGroup President
Option Exercise219 shares2026-10-07
Goralski Christian T JRGroup President
Option Exercise1,288 shares2026-10-07
Goralski Christian T JRGroup President
Tax Withholding1,724 shares2026-10-07
Goralski Christian T JRGroup President
Option Exercise217 shares2026-10-07
66/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Net Margin
13.0%
Revenue CAGR
0.1%
Current Ratio
1.71x
Debt / Equity
2.68x
Return on Equity
69.1%
Earnings Summary
3M Company operates as a global technology and manufacturing enterprise with diversified offerings across safety, industrial, transportation, electronics, and consumer markets, positioning it within the industrial conglomerate sector. In the most recent two quarters, 3M posted EPS of $1.68 in Q4 2024 and $1.88 in Q1 2025, both exceeding analyst estimates of $1.54 and $1.77 respectively, while revenue remained steady at $5.808 bn and $5.780 bn, slightly below the $5.872 bn estimate for Q1 2025, indicating a modest revenue deceleration but strong earnings resilience. The company has consistently beat earnings estimates in the last four quarters, with EPS surpassing forecasts in Q2 and Q3 2025 as well, though revenue growth slowed from $5.808 bn in Q4 2024 to $6.158 bn in Q2 2025, reflecting a 6.5% YoY increase. Historically, 3M has maintained a positive YoY revenue trajectory, with EPS growth outpacing revenue in recent periods, suggesting efficient cost management. Recent news highlights renewed momentum in core segments driven by product launches in safety, industrial, transportation, and electronics, and analysts note potential upside from the Scott Safety transaction, reinforcing the company's earnings outlook.

EPS

EstBeatMiss
$1.73$1.92$2.11$2.30$2.49Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$2.39 - -
Q2'26$2.25$2.40+6.8%
Q1'26$1.98$2.14+7.9%
Q4'25$1.82$1.83+0.7%
Q3'25$2.07$2.19+5.6%
Q2'25$2.01$2.16+7.4%

Revenue

EstBeatMiss
$5.9B$6.1B$6.3B$6.6B$6.8BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$6.7B - -
Q2'26$6.5B$6.5B+0.5%
Q1'26$6.0B$6.0B+0.0%
Q4'25$6.1B$6.0B-0.8%
Q3'25 - $6.3B -
Q2'25 - $6.2B -

Market Data

MMM Stock Snapshot

NEUTRAL46/100
$164.46−$0.03 (0.0%)
Market cap
82.86B
P/E ratio
27.6
Day range
$161.50 – $164.56
News sentiment
53/100 · Neutral
Analyst target
$186.15 (+13.2%)
Consensus
Buy · 24 analysts
52-week range+18.3% off low · -11.1% from high
$139.00$184.90
Price $164.46 DailyIQ Est. $188.75

MMM ranks mid-pack on momentum, neither leading nor lagging its peers by much. Earnings and guidance carry more weight than macro data at this capitalisation.

Reverse DCF

What growth is priced into MMM?

RICH

At today's price, 3M Company needs to grow free cash flow about 40.6% a year for the next 10 years to justify its valuation at a 9.17% cost of capital. Over its actual history it has compounded free cash flow at -2.2% a year, so the market is asking for 42.8 percentage points above its own delivered rate. On that basis MMM looks priced above what its own growth record supports.

Implied FCF growth
40.6%
Historical FCF CAGR
-2.2%
Growth gap
+42.8 pts
Verdict
RICH
Discount rate (WACC)
9.17%
Beta
0.98

Behaviour On Record

What MMM's own history says about today's numbers

Realized volatility (21d)
20.3% 52nd pct
Below its peak
-24.9%
vs 200-day average
+1.4%
Up days (1y)
51%

3M Company is currently running 20.3% annualised volatility over the last 21 sessions. Measured against MMM's own 13 years of daily returns rather than a market-wide average, that is the 52nd percentile — close to its own typical level, against a typical reading of 20.0%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

MMM is trading -24.9% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.1%, and the deepest was -40.6% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits +1.4% from its 200-day moving average. Against every other day in its history, that gap ranks at the 47th percentile — close to the gap it normally carries. Over the past year MMM closed higher on 51% of sessions, and it is currently 3 sessions into a rising streak.

On October specifically: over 14 years of records, MMM finished the month higher 10 of 14 times, with a median return of +2.5% and an average of +2.7%. Its strongest month historically has been July at +4.1% on average, its weakest September at -2.4%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: MMM has opened more than 2% away from the prior close in 35 of 3,268 sessions (1.1% of the time), with the largest gaps running +7.0% and -7.1%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, MMM moved an average of 0.9% in the session after earnings, closing higher 1 of those 3 times, with a median move of -0.1% and a largest of -2.5%.

All figures computed from 3,269 daily closes between 2013-10-15 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against MMM's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of MMM's sector?

3M Company sits in the Industrials sector, currently ranked 8th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#8 of 12
Sector state
Improving
Sector rotation score
36

Options Market

What is the options market pricing for MMM?

CallsPuts

For 3M Company's nearest expiry (2026-10-16, 2 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.49), with at-the-money implied volatility around 64.1%. The options market is pricing roughly a ±3.6% move by that expiry — a range of about $156.05–$167.77.

Put/call ratio (2026-10-16)
0.49
ATM implied volatility
64.1%
Total open interest
16,815
Expected move by 2026-10-16
±3.6% ($156.05–$167.77)

Analyst Rating Changes

Are analysts turning bullish or bearish on MMM?

JP Morgan most recently reiterated its rating on 3M Company to Overweight on Oct 9, 2026 with a price target of $185 (from $205). Over the last 90 days, coverage has run 2 upgrades against 0 downgrades, a net bullish lean.

Latest action
JP Morgan — Overweight
90-day upgrades
2
90-day downgrades
0
Net rating momentum
+2
DateFirmActionRatingPrice target
Oct 9, 2026JP MorganMaintainedOverweight$205 → $185
Sep 25, 2026Wells FargoInitiatedEqual-Weight$195
Sep 25, 2026BernsteinUpgradeUnderperform → Market Perform$145 → $171
Jul 23, 2026MizuhoMaintainedNeutral$160 → $180
Jul 22, 2026UBSMaintainedBuy$190 → $218
Jul 22, 2026BernsteinMaintainedUnderperform$140 → $145
Jul 22, 2026CitigroupMaintainedNeutral$166 → $183
Jul 22, 2026RBC CapitalMaintainedUnderperform$123 → $132
Jul 17, 2026JP MorganUpgradeNeutral → Overweight$178 → $180
Jul 16, 2026RBC CapitalMaintainedUnderperform$133 → $123
Jun 10, 2026BernsteinInitiatedUnderperform$131
Apr 22, 2026Wells FargoMaintainedOverweight$160 → $165

Peers & ETF holders

MMM peers & ETF holders

News Sentiment Analysis

Sentiment gathered from recent headlines

53/100
Strong NegativeNeutralStrong Positive
MIXED

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
3M reported improved operating margins in the latest quarter, despite rising cost pressures. The improvement suggests a positive trend, though the sustainability of this trend remains uncertain. Management highlighted cost control initiatives that contributed to the margin improvement.
What did this article say?
3M’s stock has surged 134.3% over the past three years, prompting analysts to reassess whether the current $159.96 price reflects the company’s cash‑flow capacity. Recent commentary on higher revenue and earnings expectations suggests investors are pricing in stronger future cash flows, potentially supporting a higher valuation. The focus remains on aligning projected cash generation with the market price, as the stock’s performance has altered long‑term holders’ positions.
What did this article say?
JP Morgan analyst Chigusa Katoku lowered 3M’s (NYSE:MMM) price target from $205 to $185 while keeping an Overweight rating. The downgrade reflects concerns about the company’s earnings outlook and competitive pressures. The move signals a modest negative outlook for the stock and may influence investor sentiment.
What did this article say?
JPMorgan reduced its price target for 3M (MMM) from $205 to $185, reflecting a downgrade in the bank’s outlook. The rating remains overweight, but the lowered target signals concerns about the company’s near‑term earnings potential. The change follows a broader reassessment of 3M’s growth prospects amid industry headwinds. Analysts noted that the new target still places the stock above the current market price, but the downgrade may weigh on investor sentiment. The adjustment highlights uncertainty in 3M’s ability to sustain its historical profitability.
What did this article say?
3M’s core business segments—Safety, Industrial & Transportation, and Electronics—showed renewed momentum driven by recent product launches. The company’s 2026 outlook was highlighted as encouraging, suggesting potential upside for the next few years. Share price performance over the past 90 days was mixed, but the year‑to‑date gain of just over 1% and a 1‑year total shareholder return of 7.3% indicate modest investor confidence. Analysts noted that the company’s strategic focus on high‑margin innovations could support sustained growth. Overall, the narrative points to a positive trajectory for 3M’s earnings and market positioning.
What did this article say?
3M (NYSE: MMM) announced a third‑quarter 2026 earnings conference call scheduled for October 20, 2026, at 8 a.m. CT. The call will be webcast live with a replay available on the company’s Investor Relations website. The announcement provides a routine update on the company’s upcoming investor engagement without indicating any new financial guidance or material developments.
What did this article say?
Over the past six months, 3M’s stock climbed 12.9%, outperforming the S&P 500 but lagging behind its 52‑week high. The rise was driven by robust industrial and electronics demand, ongoing restructuring, and strategic acquisitions. However, consumer weakness and a high valuation relative to peers temper enthusiasm. Technical indicators show the shares trading below both 50‑day and 200‑day moving averages, signaling weak momentum and potential selling pressure. The market remains cautious about 3M’s near‑term performance and long‑term prospects.
What did this article say?
The article examines 3M’s current 17‑times forward P/E ratio, noting the company’s recent challenges, including legal liabilities and a dividend reduction. It highlights 3M’s enduring product portfolio and innovation moat, suggesting that the core business remains resilient. Despite past volatility, the piece argues that the valuation may reflect a buying opportunity for investors seeking long‑term industrial exposure. The analysis underscores the balance between short‑term setbacks and long‑term competitive advantages.
What did this article say?
Bernstein upgraded 3M from Underperform to Market Perform, raising its price target to $171. The upgrade reflects a revised view of the company’s transformation, including an R&D "factory" model and AI‑driven capital spending. However, the analyst noted that 3M appears fully valued after recent gains and that PFAS legal risks remain. The upgrade signals a positive view but indicates limited upside potential.
What did this article say?
3M Company was expected to release its third‑quarter earnings on September 30, with analysts forecasting a rise in earnings per share compared to the same period last year. The company’s guidance indicated continued strength in its core industrial and consumer product lines. The market viewed the projected EPS growth as a positive sign of operational resilience amid broader economic uncertainty.

Technical Analysis

Real-time indicators across multiple timeframes

46
NEUTRAL
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $34.91B combined position · 13 adding, 12 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▲ Buy49,055,4629.64%$7.85B2026-01-29
BlackRock, Inc.▲ Buy45,048,7668.85%$7.29B2026-08-07
JPMorgan Chase & Co▼ Sell39,432,7277.75%$6.41B2026-08-12
Geode Capital Management, LLC▲ Buy11,957,0782.35%$1.93B2026-08-12
Capital World Investors▼ Sell8,392,0281.65%$1.36B2026-08-12
Norges Bank▼ Sell7,808,0951.53%$1.26B2026-08-12
Morgan Stanley▲ Buy7,630,2691.50%$1.24B2026-08-13
Northern Trust Corp▲ Buy5,628,3281.11%$911.28M2026-08-13
FMR LLC (Fidelity)▼ Sell5,307,2031.04%$859.29M2026-08-13
D. E. Shaw & Co., Inc.▼ Sell4,871,1640.96%$788.69M2026-08-14
Bank of America Corp▼ Sell4,475,7550.88%$724.67M2026-08-14
Goldman Sachs Group Inc▼ Sell4,458,8150.88%$721.93M2026-08-14
Invesco Ltd.▼ Sell3,643,4940.72%$589.92M2026-08-14
Janus Henderson Group plc▼ Sell3,393,6460.67%$492.86M2026-05-18
AllianceBernstein L.P.▲ Buy2,830,0230.56%$411.00M2026-08-14
Balyasny Asset Management L.P.▲ Buy2,306,9410.45%$373.52M2026-08-14
Wells Fargo & Company▼ Sell1,952,8560.38%$316.19M2026-08-14
Citadel Advisors LLC▲ Buy1,736,1190.34%$281.10M2026-09-02
AQR Capital Management LLC▲ Buy1,620,6970.32%$262.41M2026-08-14
Millennium Management LLC▼ Sell1,310,7630.26%$212.23M2026-08-14
Marshall Wace, LLP▲ Buy1,224,5550.24%$198.27M2026-08-13
Adage Capital Partners GP, L.L.C.▲ Buy863,4850.17%$139.81M2026-08-14
Citigroup Inc▲ Buy643,0520.13%$104.12M2026-08-03
Point72 Asset Management, L.P.▲ Buy565,8230.11%$91.61M2026-08-14
Neuberger Berman Group LLC▼ Sell562,0150.11%$91.00M2026-08-13
Q2 2026 flow:7.21M sh bought ($1.16B)17.47M sh sold ($2.83B)net -10.26M sh (−$1.67B)
Congressional Trading Activity
25 disclosed trades · ~$389.5K est. traded value · 12 buys, 13 sells
MemberChamberStateTypeAmountTradedFiled
Josh GottheimerHouseNJ05▼ Sell$1K - $15K2026-04-282026-05-19
Tina SmithSenateMN▼ Sell$50K - $100K2026-03-312026-04-02
Alan ArmstrongSenateOK▲ Buy$1K - $15K2026-03-272026-07-21
Julia LetlowHouseLA05▼ Sell$1K - $15K2026-02-042026-03-12
Julia LetlowHouseLA05▼ Sell$1K - $15K2026-02-022026-03-12
Julie JohnsonHouseTX32▼ Sell$1K - $15K2025-12-182026-01-15
Julie JohnsonHouseTX32▼ Sell$1K - $15K2025-11-132025-12-11
Josh GottheimerHouseNJ05▼ Sell$1K - $15K2025-10-202025-11-17
Julie JohnsonHouseTX32▼ Sell$1K - $15K2025-08-142025-09-11
Valerie HoyleHouseOR04▼ Sell$1K - $15K2025-07-282025-09-12
Julie JohnsonHouseTX32▲ Buy$1K - $15K2025-06-182025-07-14
Rob BresnahanHousePA08▼ Sell$15K - $50K2025-05-232025-06-23
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-05-122025-06-22
Julie JohnsonHouseTX32▲ Buy$1K - $15K2025-04-112025-05-14
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-04-052025-05-14
Julie JohnsonHouseTX32▲ Buy$1K - $15K2025-04-012025-05-14
Julie JohnsonHouseTX32▲ Buy$1K - $15K2025-03-152026-08-05
Julie JohnsonHouseTX32▲ Buy$1K - $15K2025-03-122025-04-14
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-01-302025-02-10
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-01-212025-02-10
Julia LetlowHouseLA05▲ Buy$1K - $15K2025-01-172026-01-13
Tommy TubervilleSenateAL▼ Sell$15K - $50K2024-04-292024-05-15
Julie JohnsonHouseTX32▲ Buy$1K - $15K2024-03-152025-04-14
Tommy TubervilleSenateAL▲ Buy$15K - $50K2023-10-172023-11-16
Sheldon WhitehouseSenateRI▼ Sell$15K - $50K2023-09-202023-10-17