3M Company (NYSE:MMM) Stock Analysis: A Look at the Upcoming Earnings and Market Position

3M Company (NYSE:MMM) is expected to report an increase in earnings per share to $2.01 from $1.93 year-over-year, despite a slight dip in projected quarterly revenue from $6.25 billion to $6.05 billion. Barclays analyst Julian Mitchell has set a price target of $170 for 3M, indicating a potential upside of approximately 6.89%. The stock has shown volatility with a day's trading range between $156.93 and $159.46, closing at $159.04 with a slight increase of 0.94%.

3M Company, listed on the NYSE under the symbol MMM, is a diversified technology and manufacturing company. It operates in various sectors, including industrial, safety, and consumer products. The company faces competition from other industrial giants like Honeywell and General Electric. As of July 18, 2025, 3M's stock is trading at $159.04, with a market capitalization of approximately $85.59 billion.

Julian Mitchell from Barclays has set a price target of $170 for 3M, suggesting a potential upside of about 6.89% from its current price. This optimistic outlook comes as 3M prepares to release its second-quarter earnings results. Analysts expect earnings of $2.01 per share, up from $1.93 per share in the same quarter last year, indicating positive growth in profitability.

Despite the anticipated increase in earnings per share, 3M's projected quarterly revenue is expected to be $6.05 billion, slightly down from $6.25 billion a year earlier. This slight dip in revenue may be a point of concern for investors, but the company's ability to increase earnings per share suggests effective cost management and operational efficiency.

Ahead of the earnings release, 3M's stock saw a 0.9% increase, closing at $159.04. The stock has experienced a change of $1.48 today, reflecting a percentage increase of approximately 0.94%. The day's trading has seen a low of $156.93 and a high of $159.46, indicating some volatility in the stock's price.

3M's board declared a dividend of 73 cents per share for the second quarter on May 13, which may attract income-focused investors. The stock's 52-week range has seen a high of $159.47 and a low of $100.87, showing significant price movement over the past year. With a trading volume of 4,183,533 shares, 3M remains an actively traded stock in the market.