3M Company (NYSE:MMM) was incorporated in 1902 and is a well known diversified technology company around the world. Based in St. Paul, Minnesota, the company has five business segments which include Industrial and Transportation segment, Health Care Segment, Consumer and Office segment, Safety Security & Protection Services Segment and Electro and Communications segment.
3M Company (NYSE:MMM) maintains the 9th highest dividend yield among 377 diversified machinery companies. Its dividend yield stands at 2.40 percent as compared to highest dividend yield in its industry maintained by Hydrogenics Corporation. The company maintains the return on equity of 28.05 percent which ranks it 44th among its industry peers. The share price also maintains the 22nd highest market capitalization among its 377 competitors.
3M Company (NYSE:MMM) reported the surge of 15 percent in its total revenue to $7.31 billion for the quarter ended March 31st, 2011 as compared to total revenue of 6.34 billion for the same period last year. The company’s net profit also increased to $1.08 billion or earnings of $1.49 per share for the respective quarter as compared to net income of $930 million or earnings of $1.29 per share for the same period last year.
The company’s total assets accumulate up to $31.12 billion with highest proportion of fixed assets in its composition. The company maintains strong short term liquidity position as per its current ratio of 2.14 times. This means that 3M has enough current assets to cover its current liabilities by 2.14 times.Previous Post » Bank of America, JP Morgan and American Express Move up with High Volume Numbers