3M Co (MMM): Today's Featured Industrial Laggard

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.

3M ( MMM) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 2.2%. By the end of trading, 3M fell $1.46 (-1.1%) to $134.40 on average volume. Throughout the day, 2,776,030 shares of 3M exchanged hands as compared to its average daily volume of 3,002,200 shares. The stock ranged in price between $134.39-$136.25 after having opened the day at $135.81 as compared to the previous trading day's close of $135.86. Other companies within the Industrial industry that declined today were: Hydrogenics Corporation ( HYGS), down 12.2%, NF Energy Saving ( NFEC), down 9.4%, JinkoSolar ( JKS), down 9.0% and Ballard Power Systems ( BLDP), down 8.9%.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $89.6 billion and is part of the industrial goods sector. Shares are down 3.1% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate 3M a buy, 1 analyst rates it a sell, and 5 rate it a hold.

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.

On the positive front, Global-Tech Advanced Innovations ( GAI), up 3.1%, Sifco Industries ( SIF), up 3.1%, Compx International ( CIX), up 3.1% and Gulf Island Fabrication ( GIFI), up 2.3%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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