3M Company (NYSE: MMM), formerly known as the Minnesota Mining and Manufacturing Company, is an American multinational conglomerate corporation based in Maplewood, Minnesota, a suburb of St. Paul.
With over 79,000 employees, they produce over 55,000 products, including: adhesives, abrasives, laminates, passive fire protection, dental products, electronic materials, medical products, car care products (such as sun films, polish, wax, car shampoo, treatment for the exterior, interior and the under chassis rust protection)[2], electronic circuits and optical films.[3] 3M has operations in more than 60 countries – 29 international companies with manufacturing operations, and 35 with laboratories. 3M products are available for purchase through distributors and retailers in more than 200 countries, and many 3M products are available online directly from the company.
3M Company (3M), incorporated in 1929, is a diversified technology company with a presence in industrial and transportation; health care; display and graphics; consumer and office; safety, security and protection services, and electro and communications. 3M manages its operations in six operating business segments: industrial and transportation; health care; display and graphics; consumer and office; safety, security and protection services, and electro and communications. 3M products are sold through numerous distribution channels, including directly to users and through numerous wholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countries. In February 2011, 3M (industrial and transportation business) announced that it completed its acquisition of the tape-related assets of Alpha Beta Enterprise Co. Ltd. In February 2011, the Company acquired Hybrivet Systems Inc. In April 2011, the Company acquired Original Wraps Inc.
In December 2010, it (safety, security and protection services business) acquired the remaining non-controlling interest in Cogent Inc. In October 2010, 3M acquired a controlling interest in Cogent Inc. In October 2010, 3M (consumer and office business) purchased certain assets of Ross Outdoor Sports Specialties, LLC. In October 2010, 3M (health care business) purchased all of the outstanding shares of Hangzhou ORJ Medical Instrument and Material Co., Ltd., and Arizant Inc. In October 2010, 3M (safety, security and protection services business) purchased all of the outstanding shares of Attenti Holdings S.A. In July 2010, 3M (safety, security and protection services business) purchased all of the outstanding shares of Dailys Limited. In June 2010, 3M (industrial and transportation business) purchased all of the outstanding shares of MTI PolyFab Inc. In May 2010, 3M (health care business) purchased certain assets of J.R. Phoenix Ltd. In April 2010, 3M (consumer and office business) purchased a majority stake in the A-One branded label business and related operations. In January 2010, 3M (consumer and office business) purchased all of the outstanding shares of Incavas Industria de Cabos e Vassouras Ltda.
Industrial and Transportation Business
The industrial and transportation segment serves a range of markets, such as appliance, paper and packaging, food and beverage, electronics, automotive original equipment manufacturer (OEM), and automotive aftermarket (auto body shops and retail). Industrial and transportation products include tapes, a variety of coated and non-woven abrasives, adhesives, specialty materials, filtration products, energy control products, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair and maintenance of automotive, marine, aircraft and specialty vehicles. Major industrial products include vinyl, polyester, foil, and specialty industrial tapes and adhesives; Scotch Masking Tape, Scotch Filament Tape and Scotch Packaging Tape; packaging equipment; 3M VHB Bonding Tapes; conductive, low surface energy, hot melt, spray and structural adhesives; reclosable fasteners; label materials for durable goods, and coated, nonwoven and microstructured surface finishing and grinding abrasives for the industrial market.
3M Purification Inc. provides a line of filtration products for the separation, clarification and purification of fluids and gases. Other industrial products include fluoroelastomers for seals, tubes and gaskets in engines, and engineering fluids. In addition, it provides 3M Scotchtint Window Film for buildings, 3M Ultra Safety and Security Window Film for property and personal protection during destructive weather conditions, closure systems for personal hygiene products, and acoustic systems products. Major transportation products include insulation components, including components for catalytic converters; functional and decorative graphics; abrasion-resistant films; masking tapes; fasteners and tapes for attaching nameplates, trim, moldings, interior panels and carpeting; coated, nonwoven and microstructured finishing and grinding abrasives; structural adhesives, and other specialty materials. In addition, 3M provides paint finishing and detailing products, including a complete system of cleaners, dressings, polishes, waxes and other products.
Health Care Business
The health care segment serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems. Products and services provided to these and other markets include medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, dental and orthodontic products (oral care), health information systems, and food safety products. In the medical and surgical areas, 3M is a supplier of medical tapes, dressings, wound closure products, orthopedic casting materials, electrodes and stethoscopes.
In infection prevention, 3M markets a variety of surgical drapes, masks and preps, as well as sterilization assurance equipment. Other products include drug delivery systems, such as metered-dose inhalers, transdermal skin patches and related components. Dental and orthodontic products include restoratives, adhesives, finishing and polishing products, crowns, impression materials, preventive sealants, professional tooth whiteners, prophylaxis, and orthodontic appliances. In health information systems, 3M develops and markets computer software for hospital coding and data classification, and provides related consulting services. 3M provides food safety products for food processors to test the microbiological quality of food.
Display and Graphics Business
The display and graphics segment serves markets that include electronic display, traffic safety and commercial graphics. This segment includes optical film solutions for LCD electronic displays, computer screen filters, reflective sheeting for transportation safety, commercial graphics sheeting and systems, and mobile interactive solutions, including mobile display technology, visual systems products, and computer privacy filters. 3M provides products for five market segments, including products for LCD computer monitors; LCD televisions; hand-held devices, such as cellular phones; notebook personal computers (PCs), and automotive displays.
In traffic safety systems, 3M provides reflective sheetings used on highway signs, vehicle license plates, construction work-zone devices, trucks and other vehicles, and also provides pavement marking systems. Major commercial graphics products include films, inks, digital signage systems and related products used to produce graphics for vehicles, signs and interior surfaces. The mobile interactive solutions business focuses on bringing technology to the projection market, including mobile display technology in addition to its visual communication products that serve the office and education markets with overhead projectors and transparency films, as well as equipment and materials for electronic and multimedia presentations. In addition, this business includes desktop and notebook computer screen filters that address needs for light control, privacy viewing and glare reduction.
Consumer and Office Business
The consumer and office segment serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets. Products in this segment include office supply products, stationery products, construction and home improvement products (do-it-yourself), home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. Major consumer and office products include Scotch brand products, such as Scotch Magic Tape, Scotch Glue Stick and Scotch Cushioned Mailer; Post-it Products, such as Post-it Flags, Post-it Note Pads, Post-it Labeling & Cover-up Tape, and Post-it Pop-up Notes and Dispensers; construction and home improvement products, including surface-preparation and wood-finishing materials, Command Adhesive Products and Filtrete Filters for furnaces and air conditioners; home care products, including Scotch-Brite Scour Pads, Scotch-Brite Scrub Sponges, Scotch-Brite Microfiber Cloth products, O-Cel-O Sponges and Scotchgard Fabric Protectors; protective material products; certain maintenance-free respirators; certain consumer retail personal safety products, including safety glasses and hearing protectors, and Nexcare Adhesive Bandages.
Safety, Security and Protection Services Business
The safety, security and protection services segment serves a range of markets that increase the safety, security and productivity of workers, facilities and systems. Major product offerings include personal protection products, safety and security products (including border and civil security solutions), cleaning and protection products for commercial establishments, track and trace solutions, and roofing granules for asphalt shingles. This segment’s products include certain maintenance-free and reusable respirators, personal protective equipment, electronic surveillance products, films that protect against counterfeiting, and reflective materials that are used on apparel, footwear and accessories. 3M’s Track and Trace Solutions business utilizes radio frequency identification (RFID) technology to provide an array of solutions from library patron self-checkout systems to tracking packages. Other products include spill-control sorbents, 3M Thinsulate Insulation and 3M Thinsulate Lite Loft Insulation, nonwoven abrasive materials for floor maintenance and commercial cleaning, floor matting, and natural and color-coated mineral granules for asphalt shingles.
Electro and Communications Business
The electro and communications segment serves the electrical, electronics and communications industries, including electrical utilities, electrical construction, maintenance and repair, original equipment manufacturer (OEM) electrical and electronics, computers and peripherals, consumer electronics, telecommunications central office, outside plant and enterprise, as well as aerospace, military, automotive and medical markets, with products that enable the transmission of electrical power and speed the delivery of information. Its products include electronic and interconnect solutions, micro-interconnect systems, high-performance fluids, high-temperature and display tapes, telecommunications products, electrical products, and touch screens and touch monitors.
Major electronic and electrical products include packaging and interconnection devices; fluids used in the manufacture of computer chips, and for cooling electronics and lubricating computer hard disk drives; high-temperature and display tapes; insulating materials, including pressure-sensitive tapes and resins, and related items. 3M Flexible Circuits use electronic packaging and interconnection technology, providing connections, and are used in ink-jet print cartridges, cell phones and electronic devices. This segment serves the telecommunications companies with an array of products for fiber-optic and copper-based telecommunications systems for deployment in fixed and wireless networks. The 3M Aluminum Conductor Composite Reinforced (ACCR) electrical power cable, with an aluminum-based metal matrix at its core, increases transmission capacity for existing power lines. The touch systems business includes touch screens and touch monitors.
OVERALL
Beta: 0.82
Market Cap (Mil.): $68,667.83
Shares Outstanding (Mil.): 711.80
Annual Dividend: 2.20
Yield (%): 2.28
FINANCIALS
MMM Industry Sector
P/E (TTM): 16.54 4.21 15.20
EPS (TTM): 15.53 -- --
ROI: 18.03 2.01 2.31
ROE: 27.82 4.68 4.49
With over 79,000 employees, they produce over 55,000 products, including: adhesives, abrasives, laminates, passive fire protection, dental products, electronic materials, medical products, car care products (such as sun films, polish, wax, car shampoo, treatment for the exterior, interior and the under chassis rust protection)[2], electronic circuits and optical films.[3] 3M has operations in more than 60 countries – 29 international companies with manufacturing operations, and 35 with laboratories. 3M products are available for purchase through distributors and retailers in more than 200 countries, and many 3M products are available online directly from the company.
3M Company (3M), incorporated in 1929, is a diversified technology company with a presence in industrial and transportation; health care; display and graphics; consumer and office; safety, security and protection services, and electro and communications. 3M manages its operations in six operating business segments: industrial and transportation; health care; display and graphics; consumer and office; safety, security and protection services, and electro and communications. 3M products are sold through numerous distribution channels, including directly to users and through numerous wholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countries. In February 2011, 3M (industrial and transportation business) announced that it completed its acquisition of the tape-related assets of Alpha Beta Enterprise Co. Ltd. In February 2011, the Company acquired Hybrivet Systems Inc. In April 2011, the Company acquired Original Wraps Inc.
In December 2010, it (safety, security and protection services business) acquired the remaining non-controlling interest in Cogent Inc. In October 2010, 3M acquired a controlling interest in Cogent Inc. In October 2010, 3M (consumer and office business) purchased certain assets of Ross Outdoor Sports Specialties, LLC. In October 2010, 3M (health care business) purchased all of the outstanding shares of Hangzhou ORJ Medical Instrument and Material Co., Ltd., and Arizant Inc. In October 2010, 3M (safety, security and protection services business) purchased all of the outstanding shares of Attenti Holdings S.A. In July 2010, 3M (safety, security and protection services business) purchased all of the outstanding shares of Dailys Limited. In June 2010, 3M (industrial and transportation business) purchased all of the outstanding shares of MTI PolyFab Inc. In May 2010, 3M (health care business) purchased certain assets of J.R. Phoenix Ltd. In April 2010, 3M (consumer and office business) purchased a majority stake in the A-One branded label business and related operations. In January 2010, 3M (consumer and office business) purchased all of the outstanding shares of Incavas Industria de Cabos e Vassouras Ltda.
Industrial and Transportation Business
The industrial and transportation segment serves a range of markets, such as appliance, paper and packaging, food and beverage, electronics, automotive original equipment manufacturer (OEM), and automotive aftermarket (auto body shops and retail). Industrial and transportation products include tapes, a variety of coated and non-woven abrasives, adhesives, specialty materials, filtration products, energy control products, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair and maintenance of automotive, marine, aircraft and specialty vehicles. Major industrial products include vinyl, polyester, foil, and specialty industrial tapes and adhesives; Scotch Masking Tape, Scotch Filament Tape and Scotch Packaging Tape; packaging equipment; 3M VHB Bonding Tapes; conductive, low surface energy, hot melt, spray and structural adhesives; reclosable fasteners; label materials for durable goods, and coated, nonwoven and microstructured surface finishing and grinding abrasives for the industrial market.
3M Purification Inc. provides a line of filtration products for the separation, clarification and purification of fluids and gases. Other industrial products include fluoroelastomers for seals, tubes and gaskets in engines, and engineering fluids. In addition, it provides 3M Scotchtint Window Film for buildings, 3M Ultra Safety and Security Window Film for property and personal protection during destructive weather conditions, closure systems for personal hygiene products, and acoustic systems products. Major transportation products include insulation components, including components for catalytic converters; functional and decorative graphics; abrasion-resistant films; masking tapes; fasteners and tapes for attaching nameplates, trim, moldings, interior panels and carpeting; coated, nonwoven and microstructured finishing and grinding abrasives; structural adhesives, and other specialty materials. In addition, 3M provides paint finishing and detailing products, including a complete system of cleaners, dressings, polishes, waxes and other products.
Health Care Business
The health care segment serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems. Products and services provided to these and other markets include medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, dental and orthodontic products (oral care), health information systems, and food safety products. In the medical and surgical areas, 3M is a supplier of medical tapes, dressings, wound closure products, orthopedic casting materials, electrodes and stethoscopes.
In infection prevention, 3M markets a variety of surgical drapes, masks and preps, as well as sterilization assurance equipment. Other products include drug delivery systems, such as metered-dose inhalers, transdermal skin patches and related components. Dental and orthodontic products include restoratives, adhesives, finishing and polishing products, crowns, impression materials, preventive sealants, professional tooth whiteners, prophylaxis, and orthodontic appliances. In health information systems, 3M develops and markets computer software for hospital coding and data classification, and provides related consulting services. 3M provides food safety products for food processors to test the microbiological quality of food.
Display and Graphics Business
The display and graphics segment serves markets that include electronic display, traffic safety and commercial graphics. This segment includes optical film solutions for LCD electronic displays, computer screen filters, reflective sheeting for transportation safety, commercial graphics sheeting and systems, and mobile interactive solutions, including mobile display technology, visual systems products, and computer privacy filters. 3M provides products for five market segments, including products for LCD computer monitors; LCD televisions; hand-held devices, such as cellular phones; notebook personal computers (PCs), and automotive displays.
In traffic safety systems, 3M provides reflective sheetings used on highway signs, vehicle license plates, construction work-zone devices, trucks and other vehicles, and also provides pavement marking systems. Major commercial graphics products include films, inks, digital signage systems and related products used to produce graphics for vehicles, signs and interior surfaces. The mobile interactive solutions business focuses on bringing technology to the projection market, including mobile display technology in addition to its visual communication products that serve the office and education markets with overhead projectors and transparency films, as well as equipment and materials for electronic and multimedia presentations. In addition, this business includes desktop and notebook computer screen filters that address needs for light control, privacy viewing and glare reduction.
Consumer and Office Business
The consumer and office segment serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets. Products in this segment include office supply products, stationery products, construction and home improvement products (do-it-yourself), home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. Major consumer and office products include Scotch brand products, such as Scotch Magic Tape, Scotch Glue Stick and Scotch Cushioned Mailer; Post-it Products, such as Post-it Flags, Post-it Note Pads, Post-it Labeling & Cover-up Tape, and Post-it Pop-up Notes and Dispensers; construction and home improvement products, including surface-preparation and wood-finishing materials, Command Adhesive Products and Filtrete Filters for furnaces and air conditioners; home care products, including Scotch-Brite Scour Pads, Scotch-Brite Scrub Sponges, Scotch-Brite Microfiber Cloth products, O-Cel-O Sponges and Scotchgard Fabric Protectors; protective material products; certain maintenance-free respirators; certain consumer retail personal safety products, including safety glasses and hearing protectors, and Nexcare Adhesive Bandages.
Safety, Security and Protection Services Business
The safety, security and protection services segment serves a range of markets that increase the safety, security and productivity of workers, facilities and systems. Major product offerings include personal protection products, safety and security products (including border and civil security solutions), cleaning and protection products for commercial establishments, track and trace solutions, and roofing granules for asphalt shingles. This segment’s products include certain maintenance-free and reusable respirators, personal protective equipment, electronic surveillance products, films that protect against counterfeiting, and reflective materials that are used on apparel, footwear and accessories. 3M’s Track and Trace Solutions business utilizes radio frequency identification (RFID) technology to provide an array of solutions from library patron self-checkout systems to tracking packages. Other products include spill-control sorbents, 3M Thinsulate Insulation and 3M Thinsulate Lite Loft Insulation, nonwoven abrasive materials for floor maintenance and commercial cleaning, floor matting, and natural and color-coated mineral granules for asphalt shingles.
Electro and Communications Business
The electro and communications segment serves the electrical, electronics and communications industries, including electrical utilities, electrical construction, maintenance and repair, original equipment manufacturer (OEM) electrical and electronics, computers and peripherals, consumer electronics, telecommunications central office, outside plant and enterprise, as well as aerospace, military, automotive and medical markets, with products that enable the transmission of electrical power and speed the delivery of information. Its products include electronic and interconnect solutions, micro-interconnect systems, high-performance fluids, high-temperature and display tapes, telecommunications products, electrical products, and touch screens and touch monitors.
Major electronic and electrical products include packaging and interconnection devices; fluids used in the manufacture of computer chips, and for cooling electronics and lubricating computer hard disk drives; high-temperature and display tapes; insulating materials, including pressure-sensitive tapes and resins, and related items. 3M Flexible Circuits use electronic packaging and interconnection technology, providing connections, and are used in ink-jet print cartridges, cell phones and electronic devices. This segment serves the telecommunications companies with an array of products for fiber-optic and copper-based telecommunications systems for deployment in fixed and wireless networks. The 3M Aluminum Conductor Composite Reinforced (ACCR) electrical power cable, with an aluminum-based metal matrix at its core, increases transmission capacity for existing power lines. The touch systems business includes touch screens and touch monitors.
OVERALL
Beta: 0.82
Market Cap (Mil.): $68,667.83
Shares Outstanding (Mil.): 711.80
Annual Dividend: 2.20
Yield (%): 2.28
FINANCIALS
MMM Industry Sector
P/E (TTM): 16.54 4.21 15.20
EPS (TTM): 15.53 -- --
ROI: 18.03 2.01 2.31
ROE: 27.82 4.68 4.49