The industrial sector has been seeing large declines so far through 2015 due to varied reasons: a strong US dollar is hurting the large multinationals, interest rate hikes, China's economy slowing, potentially another recession in the works. Pick your disaster du jour and the stock markets are responding. In volatile market scenarios, it pays to invest your capital with the highest-quality companies you can find with proven histories of weathering all sorts of economic storms. The company I want to look at today has increased the dividend for 57 consecutive years, holds over 100,000 patents, operations in over 70 countries, and has a product lineup that covers just about every industry possible. The company I'm taking about is 3M Company (NYSE:MMM), and it is trading around $139 per share, giving investors a current yield of 2.95%.
The following tables/graphs are taken from my personal stock analysis spreadsheet. Data for the stock analysis was sourced from 3M Company's investor relations page, Morningstar, and Yahoo Finance.
Historic Growth Rates:
Owners of 3M have received solid returns over the last 10 years. According to longrundata.com, shares of MMM have earned investors a total return of 246.5% or 9.4% annualized over the last decade. Those numbers are market returns at specific snapshots in time and aren't necessarily indicative of the business results over the same time period. Looking at the historic growth rates for per share dividends, earnings, revenue, and free cash flow gives a better idea of the true operational results that 3M Company has delivered.
Continue reading the 3M Company stock analysis on Seeking Alpha.
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