Insider’s View: Deciphering 3M Co. (MMM)’s Financial Health Through Ratios

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The price of 3M Co. (NYSE: MMM) closed at $101.66 in the last session, up 0.88% from day before closing price of $100.77. In other words, the price has increased by $0.88 from its previous closing price. On the day, 3.46 million shares were traded. MMM stock price reached its highest trading level at $102.34 during the session, while it also had its lowest trading level at $100.19.

Ratios:

We take a closer look at MMM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 4.55 whereas as Long-Term Debt/Eq ratio is at 4.34.

On June 07, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $105 to $120.

Vertical Research Upgraded its Hold to Buy on May 16, 2024, while the target price for the stock was maintained at $140.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 14 ’24 when Chavez Rodriguez Beatriz Karin sold 426 shares for $92.32 per share. The transaction valued at 39,330 led to the insider holds 3,966 shares of the business.

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 56254685184 and an Enterprise Value of 67606704128. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 11.56. Its current Enterprise Value per Revenue stands at 2.07 whereas that against EBITDA is 8.299.

Stock Price History:

The Beta on a monthly basis for MMM is 0.94, which has changed by 0.20716202 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, MMM has reached a high of $106.04, while it has fallen to a 52-week low of $71.35. The 50-Day Moving Average of the stock is 4.34%, while the 200-Day Moving Average is calculated to be 18.05%.

Shares Statistics:

According to the various share statistics, MMM traded on average about 5.18M shares per day over the past 3-months and 3632290 shares per day over the past 10 days. A total of 553.36M shares are outstanding, with a floating share count of 552.89M. Insiders hold about 0.09% of the company’s shares, while institutions hold 67.15% stake in the company. Shares short for MMM as of 1715731200 were 9278900 with a Short Ratio of 1.80, compared to 1713139200 on 8177324. Therefore, it implies a Short% of Shares Outstanding of 9278900 and a Short% of Float of 1.68.

Dividends & Splits

The forward annual dividend rate for MMM is 4.47, which was 6.01 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.05964077The stock’s 5-year Average Dividend Yield is 4.32.

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