+ Watch MMM
on My Watchlist
More than just Post-it Notes and Scotch tape, 3M operates in areas that include health care, industrial, and transportation.
Good management and products.
A solid, reliable dividend payer.
the dividends paid by this company have never been cut back it's a steady income provider
will probably outperform because 3M has offensive R&D
Many products with many uses. Consistent revenue
3M's brands are household names in the office supply world. A leading company in a consumer staples
Expected dividend increase
some companies...you want to hold forever...
Because its 3M!!! And because they are one of the most solidly performing conglomerates in the DJIA. Heavy R&D investment, diverse business sectors and solid management make it top-performer for the long-haul.
This will not even be an issue. Our 3Mers have left all new MMMers in good shape unless a young one comes in and destroys something good. We have seen it done to other. To make money you spend it unlike other Da Mining does this
More than just “Post it”. The company is very well diversified with multiple channels which provide it with a very well “diversified portfolio” of services which help it maintain competitive advantage within its industry. Company segments include: Industrial, Safety & Graphics, Electronics & energy, Health care, and customer. As a whole, the company serves a plethora of industries ranging from automobile, electronics, appliance, paper and printing, packaging, food and beverage, construction, clinics and hospitals, pharmaceuticals, among others. 3Ms stock price has appreciated nearly 30% over the last year. I believe their continuous innovation strategy will keep them competitive and ahead of the curve.
There is an ROE of 26.7% with Debt/Equity of .37 and Interest Coverage of 46.25x. Core Growth Rate is 4.6% with room for payout ratio to increase from 49.57% to 82.77%. Based off historical analysis and current DGR, the 30 year CAGR should exceed 10%. My only issue with this stock is in the short term performance as I think it's overpriced with a P/E of 20.50 and a DCF valuation of $91.55 or about 34% more than current price. The DDM valuation though is $163.43 which has a 17.50% margin of safety for dividend growth. I think over time it will outperform the S&P 500 but again in the short term I think it's due a correction and would wait to buy until it comes down to a reasonable P/E of 16-17.
This solid low volatility stock can balance your portfolio. Invest in DDD, WPRT, WFM and other long term volatile yet high gainers, then balance your portfolio with a long term steady growth stock like 3M.
Cash generating machine!
Good fundamental score, good stable profitability, cheap on shareholder yield as company returns money to shareholders via buybacks, etc., good balance sheet
Dividends500 tracks the 200 strongest dividends in the S&P 500. To qualify as a strong dividend, the company must meet two simple requirements:- A payout ratio below 50%- An increasing dividend from the prior yearBecause there are more than 200 dividend paying companies in the S&P 500 that meet these requirements, the qualifying companies with the largest dividend yields were chosen. Dividends500 intends to test this FactSet article, which highlights these strong dividend paying companies and their outperformance versus the S&P 500 as a whole (Page 12).http://www.factset.com/websitefiles/PDFs/dividend/dividend_12.16.13If you have questions or see something you think is inaccurate feel free to let me know.
3M trades at more than 20 times expected 2013 earnings estimates and more than 18 times expected 2014 earnings estimates. That's very high compared to similar companies. So you won't be getting much of a deal at current prices. But MMM is up about 20% above the S&P 500 year to date and it could easily continue its outperformance with possibly less downside risk than investing in similar 'boring' stocks. Outperform.
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