3M (MMM 1.90%) 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 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.
