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After finishing at $127.84 in the prior trading day, 3M Co (NYSE: MMM) closed at $127.32, down -0.41%. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 2.54 million shares were traded. MMM stock price reached its highest trading level at $128.58 during the session, while it also had its lowest trading level at $126.34.
Ratios:
Our goal is to gain a better understanding of MMM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 93.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 2.97 whereas as Long-Term Debt/Eq ratio is at 2.53.
On September 06, 2024, Morgan Stanley started tracking the stock assigning a Underweight rating and target price of $125.Morgan Stanley initiated its Underweight rating on September 06, 2024, with a $125 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 20 ’24 when Reinseth Theresa E sold 1,033 shares for $127.71 per share. The transaction valued at 131,925 led to the insider holds 4,388 shares of the business.
Theresa E. Reinseth bought 1,033 shares of MMM for $131,925 on Nov 20 ’24. On Aug 21 ’24, another insider, Patolawala Monish D, who serves as the Former Director of the company, bought 14,981 shares for $129.98 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MMM now has a Market Capitalization of 69333245952 and an Enterprise Value of 76241371136. As of this moment, 3M’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.08, and their Forward P/E ratio for the next fiscal year is 16.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.43 while its Price-to-Book (P/B) ratio in mrq is 14.94. Its current Enterprise Value per Revenue stands at 2.336 whereas that against EBITDA is 9.393.
Stock Price History:
Over the past 52 weeks, MMM has reached a high of $141.34, while it has fallen to a 52-week low of $75.65. The 50-Day Moving Average of the stock is -4.02%, while the 200-Day Moving Average is calculated to be 16.69%.
Shares Statistics:
The stock has traded on average 3.57M shares per day over the past 3-months and 2793030 shares per day over the last 10 days, according to various share statistics. A total of 552.58M shares are outstanding, with a floating share count of 544.04M. Insiders hold about 0.09% of the company’s shares, while institutions hold 67.87% stake in the company. Shares short for MMM as of 1730332800 were 7007979 with a Short Ratio of 1.96, compared to 1727654400 on 7339374. Therefore, it implies a Short% of Shares Outstanding of 7007979 and a Short% of Float of 1.2899999500000001.
Dividends & Splits
In the trailing 12 months, MMM’s forward annual dividend rate was 4.41, compared to 3.36 this year. Against a Trailing Annual Dividend Yield of 0.034496244The stock’s 5-year Average Dividend Yield is 4.36.
