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Can 3M Turn Around a Stagnant Stock?

3M's strategic changes and dividend cut may finally give the company flexibility to grow.

By Travis Hoium – May 2, 2024 at 4:04AM EST

3M (MMM 0.70%) was once known as one of the most innovative companies in the world. But a focus on efficiency has hurt the company's growth. In this video, Travis Hoium explains why some recent changes could turn around the company's fortunes.

*Stock prices used were end-of-day prices of April 30, 2024. The video was published on May 1, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

3M Stock Quote
3M
NYSE: MMM
$149.90
(-0.70%)-$1.06

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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