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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 111.0 points (-0.7%) at 15,897 as of Tuesday, Dec 3, 2013, 11:30 a.m. ET. During this time, 139.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.9 million. The NYSE advances/declines ratio sits at 970 issues advancing vs. 1,886 declining with 143 unchanged.
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Holding back the Dow today is 3M (NYSE: MMM), which is lagging the broader Dow index with a $2.14 decline (-1.7%) bringing the stock to $125.54. This single loss is lowering the Dow Jones Industrial Average by 16.2 points or roughly accounting for 14.6% of the Dow's overall loss. Volume for 3M currently sits at 3.6 million shares traded vs. an average daily trading volume of 2.4 million shares.

3M has a market cap of $89.89 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 37.5% year to date as of Monday's close. The stock's dividend yield sits at 1.9%.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 20.5, above 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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