Dow Jones Industrial Average



) is trading up 29 points (+0.2%) at 12,785 as of Thursday, Jan 26, 2012, 11:35 a.m. ET. During this time, 363.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,682 issues advancing vs. 1,194 declining with 112 unchanged.

The Dow component leading the way higher looks to be




), which is sporting a $1.46 gain (+1.7%) bringing the stock to $87.94. This single gain is lifting the Dow Jones Industrial Average by 11.05 points or roughly accounting for 38.1% of the Dow's overall gain. Volume for 3M currently sits at 2.1 million shares traded vs. an average daily trading volume of four million shares.

3M has a market cap of $60.22 billion and is part of the


sector and


industry. Shares are up 5.8% year to date as of Wednesday's close. The stock's dividend yield sits at 2.6%.

3M Company, together with subsidiaries, 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.

TheStreet Ratings rates 3M as a


. 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, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.