
Minnesota-headquartered 3M Company (MMM), founded in 1902, is an industrial conglomerate with operations worldwide. With an impressive market cap of $54.6 billion, it operates through safety & industrial; transportation & electronics; health care; and consumer segments. The company is famed for its R&D investments and track record of groundbreaking products and technologies.
Shares of the industrial conglomerate have slightly underperformed the broader market over the past year. While MMM has surged 22.2% over this time frame, the broader S&P 500 Index ($SPX) is up 26.2%. However, in 2024, the stock has risen 8.3%, trailing behind SPX’s 11.2% return on a YTD basis.