Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Conglomerates sector lower today making it today's featured Conglomerates laggard. The sector as a whole closed the day up 0.8%. By the end of trading, 3M fell $2.20 (-1.7%) to $128.05 on average volume. Throughout the day, 4,097,798 shares of 3M exchanged hands as compared to its average daily volume of 2,871,800 shares. The stock ranged in price between $126.53-$129.96 after having opened the day at $129.96 as compared to the previous trading day's close of $130.25. Other companies within the Conglomerates sector that declined today were:
), down 5.9%,
), down 2.4%,
), down 1.9% and
), down 1.6%.
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3M Company operates as a diversified technology company worldwide. 3M has a market cap of $86.4 billion and is part of the conglomerates industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are down 7.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate 3M a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full 3M Ratings Report.
On the positive front,
), up 7.7%,
), up 6.4%,
), up 4.9% and
), up 3.5% , were all gainers within the conglomerates sector with
) being today's featured conglomerates sector leader.
- Use our conglomerates section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider
) while those bearish on the conglomerates sector could consider
- Find other investment ideas from our top rated ETFs lists.