NEW YORK (

TheStreet

) --

3M

(NYSE:

MMM

) hit a new 52-week high Thursday as it is currently trading at $91.83, above its previous 52-week high of $91.20 with one million shares traded as of 10 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

3M has a market cap of $61.23 billion and is part of the

conglomerates

sector and

conglomerates

industry. Shares are up 8.6% year to date as of the close of trading on Wednesday.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 14.6, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates 3M as a

buy

. 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 growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

3M Ratings Report

.

See all

52-week high stocks

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