Dow Jones (DJIA) 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 65.0 points (-0.4%) at 17,048 as of Monday, Sep 29, 2014, 1:36 p.m. ET. During this time, 158 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.5 million. The NYSE advances/declines ratio sits at 993 issues advancing vs. 2,040 declining with 147 unchanged.
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Holding back the Dow today is 3M (NYSE: MMM), which is lagging the broader Dow index with a 27-cent decline (-0.2%) bringing the stock to $142.15. This single loss is lowering the Dow Jones Industrial Average by 2.04 points or roughly accounting for 3.1% of the Dow's overall loss. Volume for 3M currently sits at 1.7 million shares traded vs. an average daily trading volume of 2.1 million shares.

3M has a market cap of $92.32 billion and is part of the industrial goods sector and industrial industry. Shares are up 1.6% 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, 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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