Dow Today: 3M (MMM) Lower

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 Links.

The Dow Jones Industrial Average ( ^DJI) is trading down 68.0 points (-0.4%) at 15,474 as of Thursday, Jul 25, 2013, 11:35 a.m. ET. During this time, 162.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 589.7 million. The NYSE advances/declines ratio sits at 1,115 issues advancing vs. 1,798 declining with 82 unchanged.
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Holding back the Dow today is 3M (NYSE: MMM), which is lagging the broader Dow index with a $1.03 decline (-0.9%) bringing the stock to $115.30. This single loss is lowering the Dow Jones Industrial Average by 7.8 points or roughly accounting for 11.5% of the Dow's overall loss. Volume for 3M currently sits at 1.6 million shares traded vs. an average daily trading volume of 2.7 million shares.

3M has a market cap of $80.58 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 25.7% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%.

3M Company operates as a diversified technology company worldwide.

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, solid stock price performance, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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