Dow Jones (DJIA) Today: 3M (MMM) Lags

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..

The Dow Jones Industrial Average ( ^DJI) closed down 178.0 points (-1%) at 17,966. During the day, 302.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 341.5 million. The NYSE advances/declines ratio closed at 878 issues advancing vs. 2,173 declining with 172 unchanged.
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Holding the Dow back today was 3M (NYSE: MMM), which lagged the broader Dow index with a $2.30 decline (-1.4%) bringing the stock to $157.54. This single loss lowered the Dow Jones Industrial Average by 17.41 points or roughly accounting for 9.8% of the Dow's overall loss. Volume for 3M ended the day at 2.8 million shares traded vs. an average daily trading volume of 2.3 million shares.

3M has a market cap of $101.29 billion and is part of the industrial goods sector and industrial industry. Shares are down 2.7% 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

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