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 109.0 points (-0.7%) at 15,446 as of Friday, Jul 26, 2013, 11:35 a.m. ET. During this time, 141.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 587.9 million. The NYSE advances/declines ratio sits at 827 issues advancing vs. 2,041 declining with 119 unchanged.
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Holding back the Dow today is 3M (NYSE: MMM), which is lagging the broader Dow index with a 79-cent decline (-0.7%) bringing the stock to $115.76. This single loss is lowering the Dow Jones Industrial Average by 5.98 points or roughly accounting for 5.5% of the Dow's overall loss. Volume for 3M currently sits at one million shares traded vs. an average daily trading volume of 2.7 million shares.

3M has a market cap of $80.29 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 25.5% year to date as of Thursday'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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