Can 3M Turn Around a Stagnant Stock?

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

NYSE: MMM

3M

Market Cap

$58B

Today's Change

(3.58%) $3.62

Current Price

$104.86

Price as of May 16, 2024, 4:00 p.m. ET

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

3M (MMM 3.58%) 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.

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.