NEW YORK, June 6, 2026, 13:07 (EDT)
3M Co shares edged higher going into the long weekend, rising 0.65% on Friday even as the broad market sold off. The stock finished at $153.76. After a turbulent week, 3M is just 0.4% above where it ended May 29.
Stocks dropped hard Friday. The S&P 500 was down 2.64%, the Dow slipped 1.35% and the Nasdaq lost 4.18%. The move came after a stronger U.S. jobs report stoked fresh worry the Fed may keep policy tight longer.
3M shares had a choppy week. The stock dropped on Monday, climbed Tuesday, fell again Wednesday, then ticked up Thursday and Friday. The result was a small gain close-to-close for the week. In a market getting tougher on packed trades, holding steady looked better than slipping.
3M’s next event is set for Wednesday, with Chairman and CEO William Brown expected to speak at the Wells Fargo 16th Annual Industrials & Materials Conference at 8:45 a.m. CT. Market watchers will look for any remarks on order flow, price-cost issues, and how much more room 3M has to lift margins if demand stays soft.
3M is sticking with its dividend. The board set a second-quarter payout of 78 cents a share, for holders as of May 22, with the dividend to be paid June 12. 3M said it hasn’t missed a dividend in over a century.
Illinois Tool Works added 0.6% Friday, near where 3M finished, but Honeywell dropped 1.7% and Dow Inc slipped 2.3%. The Industrial Select Sector SPDR ETF, tracking U.S. industrial stocks broadly, was down 1.1%. The stock’s relative showing was mixed against rivals.
3M is sticking with the outlook it gave in April. First-quarter adjusted EPS came in at $2.14, up 14% from last year, on $6.0 billion in adjusted sales. Adjusted profit left out items 3M doesn’t count as core. The company kept its 2026 target for adjusted EPS at $8.50 to $8.70 and still sees 70 to 80 basis points of margin expansion. Each basis point is one-hundredth of a percent.
3M CEO Brown told investors the company had “a good start to the year” and stuck with its 2026 targets, though called out the challenging environment. Next week, investors will look to see if Brown’s confidence holds up after the recent shifts in rates, oil, and industrial stocks. 3M Company
Rates sent a warning across the broader market. Ryan Detrick, chief market strategist at Carson Group, told Reuters, “the dam just broke today” after the market’s latest run, adding the stronger jobs report has put the Fed “in a tough spot” on rate cuts. Higher rates can hit equity valuations and drag on economically sensitive stocks like industrials. Reuters
The 3M trade is not without risks. The company points out threats from tariffs, FX moves, input and energy costs, supply-chain issues, and PFAS liabilities—those include lawsuits and regulatory actions over “forever chemicals.” Higher energy prices or a legal bill that tops expectations would make the margin case tougher. 3M Company
MMM is trading between its 52-week low at $139.34 and the high at $177.41. Next week has Friday’s closing numbers, a Wednesday appearance from the CEO, and a dividend payout on Friday. With no new figures scheduled, rate talk could keep moving the tape.
