How to buy 3M (MMM) stock

Use our step-by-step guide to learn how to buy MMM stock and compare the best 3M trading platforms.
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Updated: Dec 22, 2022
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A big part of learning how to buy 3M stocks is finding the best place to make your investment. 3M stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in 3M when following our step by step guide.

Where to buy 3M stock?

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The best stock trading platform to use to buy 3M stock is eToro .

Based on our research, we’ve ranked the top three brokers where you can buy 3M shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

77% of retail CFD accounts lose money.

Read more about how we test, rank & review platforms.

How to buy stock in 3M in 3 simple steps

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Buying 3M stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.

Step 1. Sign up to eToro

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eToro is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

77% of retail CFD accounts lose money.

Step 2. Make a deposit

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Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.

Step 3. Buy 3M shares

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Search for 3M using the ticker, MMM. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in 3M and complete your purchase.

It’s as easy as that! You can buy 3M shares in just 10-15 minutes and now you’re a 3M shareholder.

Compare the best platforms to buy 3M stock

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Fundamental analysis of 3M shares

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What is 3M’s total worth?

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3M’s total net worth is $67.64 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.

How has 3M’s share price performed in recent years?

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The current 3M stock price today is $122.38, which is 52.59% below its all time high of $259.77, which it reached on 26 January, 2018. 

Overall, MMM is up/down $52.59 over the last five years. The MMM share price is down 32.17% in 2023 with a 52 week high of $181.78 and a 52 week low of $107.07.

What is 3M’s EPS?

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3M’s EPS is $11.46. EPS stands for earnings per share and is calculated by dividing 3M’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the 3M P/E ratio?

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3M’s P/E ratio is 10.68. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of 3M’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use 3M’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is 3M’s dividend yield?

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3M’s dividend yield is 4.73%. The dividend yield tells you how much of 3M’s share price it gives back to shareholders in dividend payments every year.

Is 3M stock a buy or sell?

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The indicator below shows you live technical ratings for 3M stock on time frames from one minute to one month. 

It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.

This indicator should be used when you research 3M to help you decide whether to buy 3M shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is 3M a good investment for me? 

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The right answer is different for each person, so here is some information to help you decide whether to buy stocks in 3M.

  • 3M is a dividend king. 3M often referred to as a ‘dividend king’. It has paid a dividend to its shareholders for more than a hundred years, while increasing it for the past six decades. There are only 45 dividend kings and 3M is one of them. If you’re looking to invest for income, then MMM is one of the best options available. 
  • The company operates in several large industries. 3M generates revenue from many different industries and is not reliant on one specific area or product. This puts it in good shape moving forward as it’s business is diverse enough to generate consistent income, even if some sectors are in a down turn. 
  • Many of 3M’s products are considered ‘recession proof’. As just mentioned, 3M operates in several sectors and included in those are healthcare and dental care. Both of these industries tend to fair well during recessions as people still require medical and dental supplies. This should help 3M if expected global recessions come around. 
  • 3M has legal troubles that are still not resolved. 3M is a multinational company and legal issues are to be expected. However, the legal troubles surrounding the business have been ongoing for a number of years and some experts have suggested that it may faces costs up to $92 billion. Obviously, such a large sum would not be positive for the company’s share price. 
  • Its stock price has been declining and hit nine-year lows. 3M’s share price has only really been moving in one direction for the past five years and that’s down. From its peak in 2018, over 50% has been wiped of its value and in 2022, 3M’s share price high a nine-year low. This gradual drop may have some investors worried, however if you’re bullish on the company, buying at these levels could provide a nice discount. 

It’s always a good idea to think about any potential risks there might be as well. Use this summary of 3M’s pros and cons before you make a final decision on whether to buy 3M stock.

Pros

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  • 3M is a dividend king and a top rated income stock
  • Its product range is diverse spanning many industries
  • Many of 3M’s products are ‘recession proof’

Cons

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Are there other ways to buy shares in 3M?

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Yes, you can invest in 3M stock in a few different ways. One option is to buy stock in 3M directly through an investment platform as laid out above, while another popular choice is to invest in a fund. 

Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a NYSE index fund to get exposure to 3M, or choose a dividend ETF.

Another option is to use a social copy trading platform, like eToro . Find a trader who you like and copy their 3M trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy 3M shares from someone with more experience.

What are the fees for investing in 3M stock?

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It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy 3M stocks.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying stocks in 3M.

Trading platformTrading fees
eToro $0
Skilling $0
Capital.com $0
Degiro $0 (US) / £1.75 (UK)
AvaTrade 0.13% commission

How to sell 3M stock

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When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your 3M stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy 3M stock now?

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It’s your investing goals and style that define whether now is a good time to buy. The current 3M stock price plays into it but ultimately it depends on your investment horizons.

  • If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in 3M based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy MMM.
  • If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think 3M’s fundamentals are solid then the best time to invest in 3M stock is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade 3M stock all hours of the day but you don’t want to wait years for a return either.

Either way, following MMM price news and analysis will help you decide when to dip your toe into the market.

3M Co (NYSE: MMM) has reportedly agreed to a multi-billion settlement with the U.S. military. Its shares opened about 6.0% up on Monday. 3M to pay over $5.5 billion to settle legal claims The multinational conglomerate has been fighting legal claims that one of its subsidiaries – Aearo Technol
Shares of 3M Co (NYSE: MMM) are in the green this morning after the industrial giant reported better-than-expected sales for its fiscal second quarter. 3M to spin off healthcare segment Also on Tuesday, the American multinational conglomerate disclosed plans of spinning off its healthcare business.
3M Company (NYSE:MMM) reports earnings on July 26 before the market opens. Investors hold low expectations of the stock ahead of the report. Six analysts tracked by Zacks Investment Research have a projection of $2.41 per share. That is lower than a per share earning of $2.59 last year. The low expe

FAQs

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Sources & references
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Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a... read more.