New York, May 16, 2026, 16:02 (EDT)
3M Co. shares edged higher Friday, closing up 0.76% at $146.22, and finished the week ahead even as the broader U.S. market dropped. The S&P 500 shed 1.2% and the Dow Jones Industrial Average fell 1.1%.
U.S. cash equities are closed for the weekend, so Friday’s close is the last set price until trading picks up again on Monday. The New York Stock Exchange is open from 9:30 a.m. to 4 p.m. Eastern, Monday through Friday .
3M shares closed out the week up 2.0%, moving from $143.29 at the May 8 close to $146.22 on Friday. The Industrial Select Sector SPDR ETF ended the week down 1.0%, dropping from $173.20 to $171.40 in that period.
Stocks showing relative strength held up as investors pulled back from sectors hit by rising oil prices and higher bond yields. AP said tech stocks dropped the most in Friday’s slide, as the market came off recent record highs. Treasury yields moved up, as investors worried higher oil could add to inflation.
Industrial names traded mixed but weaker Friday. Honeywell dropped 1.52% and Illinois Tool Works slid 1.23%. MarketWatch data showed 3M up 0.76%, putting 3M ahead of some big peers going into the weekend.
3M investors got an update on near-term cash returns this week. The board set a second-quarter dividend at 78 cents a share. Shareholders on record as of May 22 will get paid June 12.
3M ran through some housekeeping at its annual meeting. Shareholders voted for management proposals, electing 10 directors and keeping PricewaterhouseCoopers as auditor for 2026.
3M’s shares are still leaning on April’s Q1 results. The company posted adjusted earnings per share of $2.14, a 14% gain from last year. Adjusted operating margin came in at 23.8%, up 30 basis points. CEO William Brown called it “a good start to the year” and said he’s still confident in 3M’s outlook for all of 2026. 3M Company
Brown told investors on the call that free cash flow passed $500 million. He said 3M gave $2.4 billion back to shareholders for the quarter, mostly from dividends and buybacks. Order trends should help lift results later in the year, Brown said, though 3M saw a “light start” for organic growth, which means growth outside of currency or acquisition gains. D1IO3YOG0OUX5
The trade isn’t straightforward. Last month, Reuters said 3M expects a $125 million yearly cost headwind from higher oil prices. CFO Anurag Maheshwari said margin gains “more than offset approximately $145 million” tied to tariffs, costs and investments. 3M has also pointed to PFAS liabilities—claims related to persistent chemicals—plus tariffs, raw-material expenses and ongoing legal cases as risk factors that might shift its outlook. MarketScreener Saudi Arabia
3M investors have a set calendar date this week—the May 22 record date for the dividend. As far as market direction, moves in oil and yields could matter more than anything from 3M itself. Traders are watching to see if Friday’s selloff was just noise or the trigger for more risk-off action.
NYSE trading is set for a regular week ahead, with the next scheduled holiday—Memorial Day—coming on Monday, May 25, 2026. Traders have five full sessions to figure out if 3M’s strong Friday move was driven by defensive positioning, dividend trades, or a breather in a shaky industrial sector.
