3M Company (MMM, Financial) recently experienced a notable stock surge, climbing 5.02% to reach $132.87 per share, with a trading volume of 2.37 million shares and a turnover rate of 0.43%. The stock's price volatility reached 2.54%.
The company's latest financial report reveals a revenue of $6.294 billion, net profit of $1.372 billion, and earnings per share of $2.49. Its gross profit stands at $2.649 billion, and it has a price-to-earnings ratio of 16.77.
Regarding analyst ratings, out of 19 institutions, 53% recommend buying, 32% advocate holding, and 15% suggest selling. Within the diversified industrial sector, where 3M operates, the overall stock increase was 1.30%. Notable performers in this sector include 1847 Holdings Llc, with significant gains and activity.
3M is a multinational conglomerate established in 1902, known for its vast range of products from sponges to respirators and its pioneering research and development. The company is divided into three main business segments: Safety and Industrial, Transportation and Electronics, and Consumer. It recently spun off its healthcare business, now known as Solventum, and generates nearly half of its revenue from outside the Americas.
