MMM Stock Price Drivers

3M Company (MMM), originally known as Minnesota Mining & Manufacturing Company, is a global industrial conglomerate with various products and services that cater to diverse markets. The company prides itself on being a “Global Innovation Company”, as it brings various technologies and products to millions of consumers worldwide.

The company had sales of $29.6 billion in fiscal year 2012 (FY12), with 65% of its income from outside the US. The company operates under six business segments, namely Industrial & Transportation, Healthcare, Consumer and Office, Safety, Security and Protection services along with Display and Graphics, and Electronics, and Electrical and Communications. 3M products are sold in 196 countries, either directly to end users or through wholesalers, distributors and retailers.
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3M: High Time To Take Profits

Company Introduction

The 3M Company (MMM), originally known as the Minnesota Mining & Manufacturing Company, is an industrial conglomerate with products and businesses as diverse as the markets it operates in. The company prides itself on being a “Global Innovation Company”, claiming that it introduces new technologies and products to millions of consumers worldwide.

3M generated 65% of its income from outside the US in 2012, with the Asian market contributing the largest share. However, Latin America and Canada have been its fastest-growing markets over the last five years, with a CAGR* of 8.6%.

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3M Company Description

Headquartered in Minneapolis, Minnesota, 3M (MMM) is a global industrial conglomerate that manufactures products ranging from household and office goods to specialty products used in industries such as aerospace and automobile industry. The company’s operations are spread globally with suppliers and customers in over 196 countries. The company classifies its business under five main segments: Consumer and Office, Electronics and Energy, Healthcare, Industrial and Transportation, and Safety and Graphics. The Industrial and Transportation segment generated a little over a third of the company’s revenues in 2012 and has historically grown the fastest at a five-year Compound Annual Growth Rate (CAGR) of 7.3%. Healthcare segment, however, has the highest margins of 32%, as reported by the company. Read More: MMM

3M Invests in Asia Pacific Region

Diversified conglomerate 3M Company (MMM) has recently made substantial investments in the Asia-Pacific region to support the film business with the scale-up of world-class manufacturing facilities in China and Singapore.

  

The renewable energy division of 3M offers a robust portfolio of new and existing products with combined expertise in coatings, film, tape, adhesive and optical technologies. In order to meet the increased market demand, 3M has expanded its global manufacturing capabilities for renewable energy division products on several occasions.

The two manufacturing facilities aim to cater to the growing demand of automotive, residential and commercial window films in the Asia-Pacific region. 3M continue to make substantial investments in research and development along with plant investments. Read more.  

Trade-Ideas: 3M (MMM) Is Today's Post-Market Leader Stock

Trade-Ideas LLC identified 3M (MMM) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified 3M as such a stock due to the following factors. MMM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $314.8 million.

Get the inside scoop on opportunities in MMM with the Ticky from Trade-Ideas. See the FREE profile for MMM NOW at Trade-Ideas. 3M Company operates as a diversified technology company worldwide. The stock currently has a dividend yield of 2%. MMM has a PE ratio of 19.5. Currently there are 6 analysts that rate 3M a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for 3M has been 2.3 million shares per day over the past 30 days. 3M has a market cap of $85.6 billion and is part of the conglomerates sector and conglomerates industry. The stock has a beta of 1.10 and a short float of 1.7% with 5.14 days to cover. Shares are up 36.9% year to date as of the close of trading on Thursday. Read more.

3M Co : 3M Awarded Top Honor at 14th Annual TEKNE Awards

3M, the innovation company that never stops inventing, announced today its 3M TM LED Advanced Light received the Advanced Manufacturing Award at The Minnesota High Tech Association's (MHTA) 2013 Tekne Awards. The Tekne Award acknowledges technology innovations and leaders in Minnesota's technology businesses. The award ceremony took place last night at the Minneapolis Convention Center.

The Tekne Awards recognize the best and brightest technology users and developers whose leadership and dedication to technological development help demonstrate how Minnesota is a global leader in technology. Nominees were judged by a selection committee composed of outstanding business leaders ranging from legal professionals to entrepreneurs and past recipients. Read more.

3M Files Patent Infringement Lawsuits in Germany

3M (NYSE: MMM  ) is not taking kindly to a pair of European companies it claims are appropriating its intellectual property. The company announced that it has filed two patent infringement lawsuits in Germany against two local concerns, Metoxit and White Peaks Dental Systems. 3M is alleging that both firms infringed its patents for coloring liquids used in ceramic-based dental restorations.

In the case against Metoxit, it asserts that the company infringed its Z-CAD, FlowPen, and Z-CAD Liquid HD coloring products, in addition to zirconia CAD/CAM blocks sold under the Z-CAD name. With White Peaks, 3M feels that that firm is guilty of infringing the rights connected with the coloring liquid brands CopranColor, Copran Ultra-T Color, MonolithColor, as well as zirconia CAD/CAM blocks sold under the Copran Zr name. Read more.