Is It Time to Sell 3M Stock?

3M (NYSE: MMM  ) has been one of the best performers on the Dow Jones Industrial Average in 2013. Even after a recent pullback, the stock is up a massive 40% year to date. Since its valuation has rocketed from just 13 times trailing earnings to almost 20 times, is it time to start thinking about selling this blue chip?

MMM PE Ratio (TTM) Chart

MMM P/E Ratio (TTM) data by YCharts.

In the video below, Fool contributor Demitrios Kalogeropoulos argues that 3M still looks like a great investment. Yes, investors shouldn't expect a repeat of this year's stock performance in 2014. However, 3M's fundamentals look strong, and shareholders would probably regret selling the stock at this point, he says.

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