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 up 21 points (+0.1%) at 16,553 as of Wednesday, Apr 2, 2014, 11:36 a.m. ET. During this time, 121.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 421.9 million. The NYSE advances/declines ratio sits at 1,554 issues advancing vs. 1,366 declining with 194 unchanged.
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Holding back the Dow today is 3M (NYSE: MMM), which is lagging the broader Dow index with a 70-cent decline (-0.5%) bringing the stock to $135.83. Volume for 3M currently sits at 1.2 million shares traded vs. an average daily trading volume of three million shares.

3M has a market cap of $89.24 billion and is part of the industrial goods sector and industrial industry. Shares are down 3.3% 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.

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. 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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