Last $144.02 USD
Change Today -1.51 / -1.04%
Volume 2.3M
As of 4:15 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

3m co (MMM) Snapshot

Open
$145.22
Previous Close
$145.53
Day High
$146.27
Day Low
$143.99
52 Week High
07/24/14 - $146.43
52 Week Low
08/28/13 - $112.36
Market Cap
94.2B
Average Volume 10 Days
2.0M
EPS TTM
$7.09
Shares Outstanding
654.3M
EX-Date
05/21/14
P/E TM
20.3x
Dividend
$3.42
Dividend Yield
2.07%
Current Stock Chart for 3M CO (MMM)

3m co (MMM) Details

3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, nonwoven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products. The company’s Safety and Graphics segment provides personal protection products; traffic safety and security products; commercial graphics systems; commercial cleaning and protection products; floor matting; and roofing granules. Its Electronics and Energy segment offers optical films for electronic displays; packaging and interconnection devices; insulating and splicing solutions; telecommunications and electrical industries; touch screens and touch monitors; renewable energy components; and infrastructure protection products. The company’s Health Care segment provides medical and surgical supplies; drug delivery and health information systems; and dental, orthodontic, and food safety products, as well as skin health and infection prevention products. Its Consumer segment offers sponges, scouring pads, cloths, consumer and office tapes, repositionable notes, indexing systems, construction and home improvement products, home care products, protective material products, and consumer and office tapes and adhesives. The company serves automotive, electronics and energy, appliance, paper and printing, packaging, food and beverage, construction, clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, food manufacturing and testing, retail, home improvement, building maintenance, and other markets. 3M Company sells its products through wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.

88,667 Employees
Last Reported Date: 02/13/14
Founded in 1902

3m co (MMM) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.3M
Senior Vice President of Legal Affairs and Ge...
Total Annual Compensation: $1.2M
Executive Vice President of International Ope...
Total Annual Compensation: $673.0K
Compensation as of Fiscal Year 2013.

3m co (MMM) Key Developments

3M Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Confirms Earnings Guidance for the Year 2014

3M Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to company of $1,267 million or $1.91 per diluted share on net sales of $8,134 million compared to net income attributable to company of $1,197 million or $1.71 per diluted share on net sales of $7,752 million reported a year ago. Operating income was $1,856 million compared to $1,702 million for the same period of last year. Income before income taxes was $1,820 million compared to $1,671 million for the same period of last year. For the six months, the company reported net income attributable to company of $2,474 million or $3.70 per diluted share on net sales of $15,965 million compared to net income attributable to company of $2,326 million or $3.32 per diluted share on net sales of $15,386 million reported a year ago. Operating income was $3,572 million compared to $3,348 million for the same period of last year. Income before income taxes was $3,508 million compared to $3,288 million for the same period of last year. Net cash provided by operating activities was $2,732 million compared to $2,673 million for the same period of last year. Purchases of property, plant and equipment was $634 million compared to $718 million for the same period of last year. Net debt as on date was $2,760 million compared to $152 million for the same period of last year. The company confirmed its 2014 full-year performance expectations. The company continues to expect earnings of $7.30 to $7.55 per share and organic local-currency sales growth of 3% to 6%. Foreign currency impacts are expected to reduce sales by approximately 1% for the year. And the company still estimates the tax rate of 28% to 29%, with free cash flow conversion at 90% to 100%. The company expects the full year capex to be approximately $1.5 billion to $1.6 billion in 2014, down slightly versus a previous expectation of $1.7 billion to $1.8 billion. The company expects margin for the full year to trend towards 20%.

3M Introduces Emphaze AEX Hybrid Purifier

3M Purification's new purification technology platform, under the 3M Emphaze(TM) brand, is designed to help biopharmaceutical manufacturers achieve high product purity early in the manufacturing process, improving efficiency and process economics. The new 3M(TM) Emphaze(TM) AEX Hybrid Purifier, the first in a series of chromatography and membrane chromatographic products, combines three 3M technologies, advanced polymer materials, fine fiber nonwovens, and membranes to deliver an all-synthetic clarifying product line containing both a novel anion exchange nonwoven media, and a fine particle, bioburden reduction membrane. The 3M Emphaze AEX Hybrid Purifier Laboratory and Scale-up capsules are now available with the Production capsules to be launched at the end of the year 2014. The new 3M Emphaze AEX Hybrid Purifier, the first in a series of chromatography and membrane chromatographic products, combines three unique 3M technologies - advanced polymer materials, fine fiber nonwovens, and membranes - to deliver an all-synthetic clarifying product line containing both a novel anion exchange nonwoven media, and a fine particle, bioburden reduction membrane. The 3M Emphaze AEX Hybrid Purifier offers a loading capacity similar to fine grades of highly-charged conventional depth filters, and can easily be incorporated into existing manufacturing processes where such a depth filter would be used. The 3M Emphaze AEX Hybrid Purifier will be encapsulated in 3M's signature single-use capsule design, thereby providing the opportunity to minimize capital in a matched component harvest solution. By providing the best possible protection of valuable downstream unit processes, the technology holds significant potential for improving efficiency in the production of mAb drugs for conditions including various cancers, as well as autoimmune diseases like rheumatoid arthritis and Psoriasis.

3M Appoints Announces Executive Changes

3M announced that Dr. Ashish K. Khandpur has been appointed senior vice president, Research and Development and Chief Technology Officer, effective immediately. He replaces Dr. Frederick J. Palensky, who is retiring after a 37-year career with the company. Dr. Khandpur joined 3M in 1995 in the company's adhesive technology center in St. Paul. He earned multiple promotions within 3M's Central Research Laboratories before moving to the company's Office Supplies Division Laboratory. In 2006, he relocated to 3M India to establish and lead the company's first local laboratory. He subsequently served as technical director for the Industrial and Transportation Business in Asia Pacific, and in 2012, he was appointed vice president, Research and Development for the worldwide Industrial and Transportation Business. Dr. Khandpur's most recent leadership role was vice president and general manager for 3M's Personal Safety Division.

 

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Industry Analysis

MMM

Industry Average

Valuation MMM Industry Range
Price/Earnings 20.5x
Price/Sales 3.0x
Price/Book 5.3x
Price/Cash Flow 19.8x
TEV/Sales 2.7x
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