3M Company MMM

What the company does

3M Company is a large-cap company in the Industrials sector (Conglomerates), with a market value of $89.5B, based in the USA.

It employs about 60,500 people and has been listed since Jan 02, 1970.

3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.

Cheap or expensive? priced in line with its group

Its price-to-earnings (P/E) is 25.9 versus 29.6 for the median of the Industrials sector in our universe (24 companies) — priced in line with its group.

Revenue is growing 1% versus the same quarter last year.

On analysts' next-year forecasts the multiple drops to 17.0 — they expect higher earnings.

The average analyst price target is 189.98, 10% above the current price (their view, not ours).

The stock sits at 77% of its one-year range (0% = the low, 100% = the high).

The risks

• • Net debt is 2.4× shareholders' equity — high leverage.

Strengths

• ✅ Profitable — 21 of every 100 dollars of revenue stays as profit.
• ✅ Generates free cash flow — profit becomes cash in the bank.
• ✅ Buys back its shares (4% fewer shares in a year).
• ✅ Most analysts rate it buy (9 vs 2).
• ✅ Pays a dividend (1.8% a year).

What changed this week

Over the past week the stock rose 5.3% (for comparison: S&P 500 -0.4%, sector ETF XLI -1.9%).

The company published its quarterly report this week — see the plain-language summary above.

This week's news

• Earnings scorecard: 17 out of 20 industrial companies beat EPS estimates this week seekingalpha.com · 2026-10-24
  What the article says

  Industrial companies remained in the spotlight this week as investors digested quarterly results from General Electric (GE [https://seekingalpha.com/symbol/GE]), Lockheed Martin (LMT [https://seekingalpha.com/symbol/LMT]), RTX (RTX [https://seekingalpha.com/symbol/RTX]), 3M (MMM [https://seekingalpha.com/symbol/MMM]),… source ↗

• Global Pressure Sensitive Adhesive (PSA) Tapes Market Outlook 2026-2032 | Market to Reach US$91 Billion as E-Commerce, EVs, Electronics, and Sustainable Adhesives Drive Growth finance.yahoo.com · 2026-10-23
  What the article says

  Company Logo Dublin, Oct. 23, 2026 (GLOBE NEWSWIRE) -- "Pressure Sensitive Adhesive (PSA) Tapes - A Global Market Overview" has been added to ResearchAndMarkets.com's offering. The global Pressure Sensitive Adhesive (PSA) tapes market reached US$67 billion in 2025 and is projected to reach US$91 billion by 2032,… source ↗

• Is 3M (MMM) A Bargain Following Strong Q3 Results And Its AWS Expansion? finance.yahoo.com · 2026-10-22
  What the article says

  3M (MMM) is back in focus after reporting stronger than expected third quarter earnings and lifting its full year outlook, while also expanding its collaboration with Amazon Web Services around optical connectivity for AI data centers. Recent trading shows that 3M's share price momentum has picked up, with a 7 day… source ↗

• Honeywell International Inc. (HON) vs. ETN and EMR: Can a More Focused Industrial Platform Turn Into the Next Growth Phase? finance.yahoo.com · 2026-10-22
  What the article says

  Is HON a good stock to buy? We came across a bullish thesis on Honeywell International Inc. on Astute Optics - US's Substack. In this article, we will summarize the bulls' thesis on HON. Honeywell International Inc.'s share was trading at $214.73 as of October 21st 2026. HON's trailing and forward P/E were 8.17 and… source ↗

• Will Earnings Beat Change 3M Stock Narrative (MMM) finance.yahoo.com · 2026-10-22
  What the article says

  3M reported third quarter 2026 sales of US$6.58b and GAAP EPS of US$2.63, raised full year adjusted earnings guidance to US$9.10 to US$9.15 per share, and highlighted growing demand in industrial, data center and optical connectivity businesses. The expanded collaboration with Amazon Web Services around 3M's Expanded… source ↗

• 3M (MMM) Stock Ignores Q3 Earnings Power And Margin Reset finance.yahoo.com · 2026-10-22
  What the article says

  3M just reported a much better Q3 2026 profit story than the share price reaction suggests. The stock ticked up about 2% to roughly US$174.74 into and through the release, a calm move for a company that just printed adjusted operating margin above 26% and Basic EPS above US$2.60. What moved under the surface was… source ↗

What changed since last week

• Risk flag cleared: earnings report coming up.

• The price rose 5.3% since the last summary.

• A new quarterly report was published (quarter ended Sep 30, 2026).