Dow Today: 3M (MMM) Higher

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 up 24 points (+0.2%) at 15,938 as of Wednesday, Dec 4, 2013, 10:40 a.m. ET. During this time, 99.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 372.2 million. The NYSE advances/declines ratio sits at 1,416 issues advancing vs. 1,439 declining with 118 unchanged.
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The Dow component leading the way higher looks to be 3M (NYSE: MMM), which is sporting a 78-cent gain (+0.6%) bringing the stock to $127.38. This single gain is lifting the Dow Jones Industrial Average by 5.9 points or roughly accounting for 24.6% of the Dow's overall gain. Volume for 3M currently sits at one million shares traded vs. an average daily trading volume of 2.5 million shares.

3M has a market cap of $85.96 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 36.4% year to date as of Tuesday's close. The stock's dividend yield sits at 2%.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 19.6, 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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