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 95 points (+0.6%) at 16,678 as of Monday, May 12, 2014, 12:36 p.m. ET. During this time, 118.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 393.5 million. The NYSE advances/declines ratio sits at 2,394 issues advancing vs. 601 declining with 132 unchanged.
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The Dow component leading the way higher looks to be 3M (NYSE: MMM), which is sporting a 94-cent gain (+0.7%) bringing the stock to $142.28. This single gain is lifting the Dow Jones Industrial Average by 7.11 points or roughly accounting for 7.5% of the Dow's overall gain. Volume for 3M currently sits at 1.4 million shares traded vs. an average daily trading volume of 2.7 million shares.

3M has a market cap of $92.14 billion and is part of the industrial goods sector and industrial industry. Shares are up 0.8% year-to-date as of Friday's close. The stock's dividend yield sits at 2.4%.

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, solid stock price performance, growth in earnings per share, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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