DailyIQ
Last updatedjust now

MMM·3M Company

$163.65
+0.46 (+0.28%)
Overnight$163.60-0.05 (-0.03%)
High
$164.30
Open
$163.58
Market Cap
84.37B
52W High
$184.90
Low
$161.50
P. Close
$163.65
P/E
28.15
52W Low
$139.00
Fwd P/E
16.65
DailyIQ Est.
$189.61
Inst. Ownership
-
Short Interest
1.94%
Days to Cover
3.4
Technical Score (1D)
23
BEARISH
News Sentiment
52
MIXED
On Oct 6, 3M announced that its third‑quarter 2026 earnings conference call would take place on Oct 20, 2026 at 8 a.m. CT. The company said the call would be webcast live and a replay would be available on its Investor Relations website. No new financial guidance or material information was disclosed in the announcement. The statement was a routine update on the company’s upcoming investor engagement. No other developments were reported for that date.
LOW TARGET
$120 -26.6%
2 analysts
MEAN TARGET
$187 +14.3%
14 analysts
HIGH TARGET
$219 +33.9%
8 analysts
PRICE RANGE
$120.00 - $219.00
SB / B / H / S / SS
4/9/9/1/1
DAILYIQ EST.
$189.61 (+15.9%)
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)
33,559 shares
$5.7M
Maheshwari AnuragEVP & Chief Financial Officer
Option Exercise10,944 shares2026-10-01
Maheshwari AnuragEVP & Chief Financial Officer
Tax Withholding4,991 shares2026-10-01
Maheshwari AnuragEVP & Chief Financial Officer
Option Exercise10,944 shares2026-10-01
Cunningham Jennifer A.EVP & Chief HR Officer
Award/Grant7,049 shares2026-09-01
George Bobby KEVP, Chief Info & Digital Off
Award/Grant15,860 shares2026-09-01
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 is a global technology and manufacturing enterprise that delivers innovative solutions across safety, industrial, transportation, electronics, and consumer markets, operating through three primary segments that serve a broad channel network worldwide. In the most recent quarters, 3M posted EPS of $1.68 in Q4 2024 and $1.88 in Q1 2025, both beating estimates of $1.54 and $1.77 respectively, while revenue rose to $5.808 billion from $5.800 billion, indicating a modest acceleration in top‑line growth. The following quarters continued this trend with EPS of $2.16 in Q2 2025 and $2.19 in Q3 2025, again surpassing forecasts, and revenue climbed to $6.158 billion and $6.318 billion, respectively, reflecting a steady upward trajectory. Historically, 3M has maintained a YoY revenue growth rate of roughly 3–4% over the past four years, with EPS consistently beating analyst expectations in the last three quarters, underscoring a pattern of solid earnings performance even as revenue growth moderates. Recent news highlights a valuation review noting a forward P/E of 17, suggesting potential undervaluation, and a Bernstein upgrade to Market Perform citing an R&D factory model and reduced PFAS exposure; these developments reinforce investor confidence in 3M’s transformation and long‑term resilience. The focus will be on whether 3M can maintain its earnings beat pattern while navigating regulatory pressures and cost pressures in the industrial sector.

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

BEARISH23/100
$163.60−$0.05 (0.0%)
Market cap
84.37B
P/E ratio
28.1
Day range
$161.50 – $164.30
News sentiment
52/100 · Neutral
Analyst target
$186.98 (+14.3%)
Consensus
Buy · 24 analysts
52-week range+17.7% off low · -11.5% from high
$139.00$184.90
Price $163.60 DailyIQ Est. $189.61

The chart on MMM has not stabilised: price is in the middle of its 52-week range and the trend is still down. 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 40.9% a year for the next 10 years to justify its valuation at a 9.21% cost of capital. Over its actual history it has compounded free cash flow at -2.2% a year, so the market is asking for 43.1 percentage points above its own delivered rate. On that basis MMM looks priced above what its own growth record supports.

Implied FCF growth
40.9%
Historical FCF CAGR
-2.2%
Growth gap
+43.1 pts
Verdict
RICH
Discount rate (WACC)
9.21%
Beta
0.98

Behaviour On Record

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

Realized volatility (21d)
22.6% 62nd pct
Below its peak
-24.7%
vs 200-day average
+1.6%
Up days (1y)
50%

3M Company is currently running 22.6% 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 62nd percentile — a little above its own norm, 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 -24.7% 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 +1.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 48th percentile — close to the gap it normally carries. Over the past year MMM closed higher on 50% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 13 years of records, MMM finished the month higher 10 of 13 times, with a median return of +3.9% and an average of +3.0%. 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 3,267 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 3,268 daily closes between 2013-10-07 and 2026-10-05, 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 5th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#5 of 12
Sector state
Improving
Sector rotation score
55

Options Market

What is the options market pricing for MMM?

CallsPuts

For 3M Company's nearest expiry (2026-10-09, 2 days out), open interest is roughly balanced between puts and calls (put/call ratio of 1.14), with at-the-money implied volatility around 34.6%. The options market is pricing roughly a ±2.3% move by that expiry — a range of about $159.83–$167.35.

Put/call ratio (2026-10-09)
1.14
ATM implied volatility
34.6%
Total open interest
3,025
Expected move by 2026-10-09
±2.3% ($159.83–$167.35)

Analyst Rating Changes

Are analysts turning bullish or bearish on MMM?

Wells Fargo most recently initiated coverage on 3M Company to Equal-Weight on Sep 25, 2026 with a price target of $195. Over the last 90 days, coverage has run 2 upgrades against 0 downgrades, a net bullish lean.

Latest action
Wells Fargo — Equal-Weight
90-day upgrades
2
90-day downgrades
0
Net rating momentum
+2
DateFirmActionRatingPrice target
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
Apr 22, 2026RBC CapitalMaintainedUnderperform$134 → $133

MMM Competitive Positioning

3M Company (MMM) is tracked alongside these names in Conglomerates on DailyIQ — ranked by market cap, with today's move alongside.

News Sentiment Analysis

Sentiment gathered from recent headlines

52/100
Strong NegativeNeutralStrong Positive
MIXED

Recent News Coverage

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

10+ articles
What did this article say?
3M (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.
What did this article say?
Deutsche Bank increased its price target for 3M (MMM) to $194 from $192 while keeping a hold rating. The upgrade reflects confidence in the company’s earnings outlook and stable cash flow. The modest target lift signals a slight positive view but does not indicate a significant change in valuation expectations.
What did this article say?
3M Company posted record Q2 earnings, reporting 5.4% organic revenue growth and a 24.9% adjusted operating margin. The strong performance led the company to lift its guidance for revenue, operating income, and adjusted EBITDA across all business segments. The upward revision reflects confidence in sustained demand and improved cost efficiencies, positioning 3M for continued upside in the near term.
What did this article say?
3M announced the launch of its new Adhesive Mix Monitor, a real‑time sensor designed to verify correct mixing of two‑part adhesives. The device was developed after a customer challenge highlighted the need to detect off‑ratio dispensing during production. By providing immediate feedback, the monitor aims to improve first‑pass quality, reduce scrap, and lower hidden costs associated with incorrect adhesive ratios. The introduction of this tool signals 3M’s continued focus on process optimization and customer‑driven innovation.
What did this article say?
Analysts downgraded MMM to neutral after noting that its shares now trade above fair value, limiting near‑term upside. The company remains profitable with a strong 18.58% ROIC and solid cash flow, yet its valuation has become a concern. Legal risks from PFAS litigation and the Bair Hugger case persist, requiring ongoing capital allocation. Innovation continues with 92 new products launched in Q2 and a key hyperscaler win, but growth remains modest at 3.5%. The downgrade reflects a cautious stance on the company’s valuation rather than a fundamental collapse.
What did this article say?
MMM reported Q2 revenue that exceeded analyst expectations, but the company lowered its next‑quarter revenue guidance by 3.3%. The downgrade, coupled with a broader industry downturn, led to a 6.2% decline in the stock’s price since the earnings release. The company’s performance was weighed against peers that also faced softer outlooks amid economic uncertainty.

Technical Analysis

Real-time indicators across multiple timeframes

23
BEARISH
Technical indicators reflect the latest computed signal mix for this timeframe.
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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