3M Company (NYSE: MMM) employs more than 90,000 people and serves customers in more than 200 countries. It sells more of the world’s best consumer electronics, automotive, medical, and aerospace products to both consumers and business, with a massive global market using more than 60,000 products. 3M stock (MMM) has increased its dividend for 62 consecutive years, and the stock has one of the highest dividend yields of any blue-chip company.
3M has four divisions. The Safety and Industry Division manufactures products for the automotive, aerospace, personal protective medical, and industrial markets. The Health Care division produces medical supplies, surgical equipment, and medical systems. The company has a global market share of over 40% in the healthcare sector, and its supply chain supplies about 80% of the world’s medical equipment. The Transportation and Electronics Division manufactures fibers and circuits. Lastly, Consumer Divisionsells consumer electronics products such as televisions, mobile phones, tablets, computers, and other electronic devices.
3M has performed well in the 2020s, and the coronavirus crisis is a supportive economic backdrop that global industries like 3M need for growth.
Sales rose 2.7% in the quarter, while global organic sales rose 0.3%, and consumer sales rose 4.6% due to DIY and health care. Adjusted earnings per share decreased by 3.1% sequentially. 3. M has a very well-managed, long-term business model. A prolonged recession could hurt 3 million people, given their commitment to the global economy.
Free cash flow rose 16% to $1.2 billion in the latest quarter, and the 3m took further steps to raise cash by reducing capital expenditures and suspending its share buyback program.
Is 3M MMM stock a buy?
Investors are looking for recession-proof stocks right now and asking is 3m stock is a buy. The answer is yes 3M stock is a buy if you if it fits your risk tolerance and you are looking at a long term play. The current price has dipped this week, but it may be an opportunity for investors to get in. Investors should consider buying 3M (MMM) stock to brace against recession. The company has a good chance of surviving on the other side of the coronavirus crisis. Analysts expect 3M to earn $7.62 per share in the second quarter, quickly covering the dividend payout of $5.88 per share, which is roughly 4.3% yield. Not bad for a blue-chip dividend-paying stock! Check out all of our stocks to watch.
1 Day MMM Moving Averages
Exponential Moving Average (5) 145.88 Sell
Simple Moving Average (5) 147.69 Sell
Exponential Moving Average (10) 145.44 Sell
Simple Moving Average (10) 143.65 Buy
Exponential Moving Average (20) 145.42 Sell
Simple Moving Average (20) 147.04 Sell
Exponential Moving Average (30) 145.41 Sell
Simple Moving Average (30) 146.47 Sell
Exponential Moving Average (50) 146.38 Sell
Simple Moving Average (50) 142.27 Buy
Exponential Moving Average (100) 151.01 Sell
Simple Moving Average (100) 153.12 Sell
Exponential Moving Average (200) 159.26 Sell
Simple Moving Average (200) 159.50 Sell
Ichimoku Cloud Base Line (9, 26, 52, 26) 147.10 Neutral
Volume Weighted Moving Average (20) 146.79 Sell
Hull Moving Average (9) 149.59 Sell
1 Day MMM Oscillators
Name Value Action
Relative Strength Index (14) 49.87 Neutral
Stochastic %K (14, 3, 3) 76.99 Neutral
Commodity Channel Index (20) −27.61 Neutral
Average Directional Index (14) 13.74 Neutral
Awesome Oscillator 1.07 Buy
Momentum (10) −3.22 Buy
MACD Level (12, 26) 0.04 Buy
Stochastic RSI Fast (3, 3, 14, 14) 80.02 Neutral
Williams Percent Range (14) −30.98 Neutral
Bull Bear Power −0.26 Sell
Ultimate Oscillator (7, 14, 28) 59.55 Neutral
Ruchi has an Accounting and Graduate Degree in Business from the International School and Business and Media. She is exceptionally skilled in financial databases like Bloomberg, ThomsonOne,Datastream, CapitalIQ, and Factiva. Her focus at AlphaBetaStock.com is research breaking stocks and investment stories.