3M (MMM)

Company Profile

3M Company is a diversified corporation manufacturing a wide range of products, including abrasives, adhesive tape and related products, and consumer-electronics components. It is headquartered in St. Paul, Minnesota. 3M apply science in collaborative ways to improve lives daily. With $32 billion in sales, 96,000 employees connect with customers all around the world.

Company profile

Ticker

MMM

Exchange

NYSE

Website

www.3m.com

CEO

Michael Roman

Incorporated

Delaware

Location

Minnesota

Fiscal year end

Dec 31

Sector

Management of Companies and Enterprises > Offices of Bank Holding Companies

Industry (SIC)

Surgical & Medical Instruments & Apparatus

Baxter International • Boston Scientific • Stryker • Becton, Dickinson And • Teleflex • Resmed • Haemonetics • Hill-Rom • Nuvasive • Integra Lifesciences ...

Former names

MINNESOTA MINING & MANUFACTURING CO

SEC CIK

0000066740

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Registrant – 3M Company • 3M Financial Management Company • 3M Global Channel Services, Inc. • 3M Innovative Properties Company • 3M Interamerica, Inc. • 3M Occupational Safety LLC • 3M Purification Inc. • 3M Technical Ceramics, Inc. • Acelity, Inc. • Aearo Holding LLC ...

IRS number

410417775

MMM stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$124.71

Low target

$110.00

High target

$130.00

UBS

Upgraded

Neutral

$126.00

9 Sep 22

Latest filings (excl ownership)

View all

8-K

Entry into a Material Definitive Agreement

14 Nov 22

IRAN

Disclosure regarding Iran Threat Reduction and Syria Human Rights Act

3M Reports Third-Quarter 2022 Results

25 Oct 22

SC TO-I/A

Issuer tender offer statement (amended)

6 Sep 22

425

Business combination disclosure

6 Sep 22

8-K

3M Announces Final Proration Factor of 7.346065 Percent for Shares Tendered in Split-Off Exchange Offer

6 Sep 22

SC TO-I/A

Issuer tender offer statement (amended)

1 Sep 22

425

Business combination disclosure

1 Sep 22

8-K

3M Announces Preliminary Results of Split-Off Exchange Offer; Intends to Accept

1 Sep 22

Transcripts

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MMM

Earnings call transcript

2022 Q3

25 Oct 22

MMM

Earnings call transcript

2022 Q2

26 Jul 22

MMM

Earnings call transcript

2022 Q1

26 Apr 22

MMM

Earnings call transcript

2021 Q4

25 Jan 22

MMM

Earnings call transcript

2021 Q3

26 Oct 21

MMM

Earnings call transcript

2021 Q2

27 Jul 21

MMM

Earnings call transcript

2021 Q1

27 Apr 21

MMM

Earnings call transcript

2020 Q4

26 Jan 21

MMM

Earnings call transcript

2020 Q3

27 Oct 20

MMM

Earnings call transcript

2020 Q2

28 Jul 20

Latest ownership filings

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Rodriguez Beatriz Karina Chavez

Financial summary

Financial statements Chart MMM financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from 3M earnings reports.

Institutional ownership, Q3 2022

MMM institutional ownership history Ownership history

59.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1909	2077	-8.1%
Opened positions	99	134	-26.1%
Closed positions	267	209	+27.8%
Increased positions	639	819	-22.0%
Reduced positions	899	843	+6.6%

13F shares	Current	Prev Q	Change
Total value	36.31 bn	56.46 bn	-35.7%
Total shares	328.46 mm	366.00 mm	-10.3%
Total puts	6.13 mm	4.50 mm	+36.2%
Total calls	6.94 mm	5.82 mm	+19.3%
Total put/call ratio	0.9	0.8	+14.2%

Largest owners	Shares	Value	Change
Vanguard	46.38 mm	$5.12 bn	-3.2%
BLK Blackrock	42.08 mm	$4.65 bn	-2.1%
Charles Schwab Investment Management	12.02 mm	$1.33 bn	+0.3%
Geode Capital Management	10.35 mm	$1.14 bn	-0.8%
MS Morgan Stanley	9.94 mm	$1.10 bn	+74.7%
State Farm Mutual Automobile Insurance	9.56 mm	$1.06 bn	0.0%
Newport Trust	9.26 mm	$1.02 bn	-3.1%
Flossbach Von Storch	8.96 mm	$990.05 mm	+0.2%
NTRS Northern Trust	7.28 mm	$804.51 mm	-1.6%
Fisher Asset Management	6.36 mm	$703.15 mm	+2.7%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-32.69 mm	EXIT
MS Morgan Stanley	9.94 mm	+4.25 mm	+74.7%
RY Royal Bank Of Canada	1.90 mm	-2.03 mm	-51.7%
Vanguard	46.38 mm	-1.51 mm	-3.2%
Balyasny Asset Management	1.31 mm	+1.31 mm	NEW
WFC Wells Fargo & Co.	4.53 mm	-1.30 mm	-22.4%
Jensen Investment Management	1.36 mm	-1.17 mm	-46.2%
BLK Blackrock	42.08 mm	-903.65 k	-2.1%
Renaissance Technologies	0.00	-858.00 k	EXIT
BAC Bank Of America	3.66 mm	-778.54 k	-17.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MMM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Dec 22	Peter D Gibbons	Common Stock	Payment of exercise	Dispose F	No	No	125.99	1,469	185.08 k	1,805.297
1 Dec 22	Peter D Gibbons	Common Stock	Option exercise	Acquire M	No	No	125.99	3,221	405.81 k	3,274.297
1 Dec 22	Peter D Gibbons	RSU Common Stock	Option exercise	Dispose M	No	No	0	3,221	0.00	3,222
28 Oct 22	Eskew Michael L	Common Stock	Grant	Acquire A	Yes	No	122.8	356.271	43.75 k	53,784.773
28 Oct 22	Fitterling James R	Common Stock	Grant	Acquire A	Yes	No	122.8	274.838	33.75 k	3,208.852
28 Oct 22	Kent Ahmet Muhtar	Common Stock	Grant	Acquire A	No	No	122.8	315.554	38.75 k	2,106.452
28 Oct 22	Rodriguez Beatriz Karina Chavez	Common Stock	Sell	Dispose S	No	No	126.28	1,071	135.25 k	3,312.531
28 Oct 22	Rodriguez Beatriz Karina Chavez	Common Stock	Option exercise	Acquire M	No	No	101.49	1,071	108.70 k	4,383.531
28 Oct 22	Rodriguez Beatriz Karina Chavez	NQSO Common Stock	Option exercise	Dispose M	No	No	101.49	1,071	108.70 k	0