Somewhat Favorable News Coverage Somewhat Unlikely to Impact 3M (NYSE:MMM) Stock Price

News articles about 3M (NYSE:MMM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 3M earned a news impact score of 0.21 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.9961209510082 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

MMM has been the subject of a number of research reports. Argus increased their price target on 3M from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Citigroup restated a “buy” rating and issued a $250.00 price objective (up from $228.00) on shares of 3M in a report on Monday, October 9th. Bank of America restated a “buy” rating and issued a $227.00 price objective on shares of 3M in a report on Thursday, September 14th. Jefferies Group restated a “buy” rating and issued a $234.00 price objective on shares of 3M in a report on Wednesday, August 16th. Finally, Zacks Investment Research upgraded 3M from a “hold” rating to a “buy” rating and set a $248.00 price target for the company in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $231.16.

Shares of 3M (MMM) traded down $1.00 during midday trading on Wednesday, reaching $238.26. 1,543,700 shares of the company traded hands, compared to its average volume of 1,840,089. 3M has a twelve month low of $171.23 and a twelve month high of $244.23. The company has a market cap of $142,505.20, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.07.

3M (NYSE:MMM) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $2.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.12. 3M had a net margin of 17.71% and a return on equity of 48.55%. The firm had revenue of $8.17 billion for the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter last year, the firm earned $2.15 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts predict that 3M will post 9.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, November 24th will be given a dividend of $0.0118 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.02%. 3M’s dividend payout ratio is currently 52.51%.

In related news, CFO Nicholas C. Gangestad sold 4,004 shares of 3M stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $233.84, for a total value of $936,295.36. Following the sale, the chief financial officer now owns 25,805 shares of the company’s stock, valued at approximately $6,034,241.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James L. Bauman sold 2,000 shares of 3M stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $230.89, for a total transaction of $461,780.00. Following the completion of the transaction, the executive vice president now owns 14,362 shares of the company’s stock, valued at $3,316,042.18. The disclosure for this sale can be found here. Insiders sold a total of 22,804 shares of company stock worth $5,303,706 in the last ninety days. 0.58% of the stock is currently owned by insiders.

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About 3M

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, , 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.

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

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