The

Dow Jones Industrial Average

(

^DJI

) is trading up 52 points (+0.4%) at 12,669 as of Wednesday, Jul 25, 2012, 12:35 p.m. ET. During this time, 300.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 685.8 million. The NYSE advances/declines ratio sits at 1,455 issues advancing vs. 1,456 declining with 130 unchanged.

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The Dow component leading the way higher looks to be

3M

(NYSE:

MMM

), which is sporting a 10-cent gain (+0.1%) bringing the stock to $88.34. This single gain is lifting the Dow Jones Industrial Average by 0.76 points or roughly accounting for 1.5% of the Dow's overall gain. Volume for 3M currently sits at 1.6 million shares traded vs. an average daily trading volume of 2.9 million shares.

3M has a market cap of $62 billion and is part of the

conglomerates

sector and

conglomerates

industry. Shares are up 8% year to date as of Tuesday's close. The stock's dividend yield sits at 2.6%.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 14.7, 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

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.

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