Latest news with #MMM
Yahoo
2 days ago
- Business
- Yahoo
3M Rises 40.2% in a Year and Outpaces Industry: Should You Buy the Stock Now?
3M Company's MMM shares have gained 40.2% over the past year, outperforming the S&P 500's growth of 9.4% and the Zacks Diversified Operations industry's growth of 3%. The diversified technology company has also outperformed industry players like Honeywell International Inc. HON and Carlisle Companies Incorporated CSL, which have returned 3.6% and lost 15.3%, respectively, over the same time frame. Image Source: Zacks Investment Research Closing at $142.51 in the last trading session, the stock is trading below its 52-week high of $156.35 but significantly higher than its 52-week low of $98.26. 3M stock is trading above both its 50-day and 200-day moving averages, indicating solid upward momentum and price stability. This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects. Image Source: Zacks Investment Research The strongest driver of 3M's business at the moment is solid momentum in the Safety and Industrial segment, driven by strength in roofing granules, industrial adhesives and tapes, and electrical markets. Strong demand for cable accessories, driven by an increase in the construction of data centers and renewable energy projects, is driving the segment's performance. Also, an increase in demand for industrial and electronics bonding solutions has been proving the first quarter of 2025, revenues from the electrical, industrial adhesives and tapes markets grew in the high-single-digit range, while the same from roofing granules, industrial specialties and personal safety markets increased in the low-single-digit range. The Safety and Industrial segment's organic sales improved 2.5% year over year in the company's Transportation and Electronics segment is witnessing strength in the aerospace market. Robust momentum in the commercial aircraft and defense-related business and project wins in the advanced materials business are proving beneficial for the aerospace market's revenues increased in the low-double-digit range in the first quarter, while the same from the advanced materials market grew in the high-single-digit range. The Transportation and Electronics segment's adjusted organic sales grew 1.1% in the quarter. However, persistent weakness in the automotive electrification market, due to lower automotive OEM build rates, has remained a major concern.3M remains focused on rewarding its shareholders through dividend payouts and share buybacks. In first-quarter 2025, it used $396 million in paying out dividends and $1.3 billion in buybacks. Also, in 2024, it paid dividends worth $2 billion and repurchased shares for $1.8 billion. In February 2025, the quarterly dividend was hiked by 4%. For 2025, it expects to repurchase shares worth $2 billion. 3M has been grappling with persistent weakness in the Consumer segment due to soft consumer discretionary spending. The segment's revenues declined 1.4% in the first quarter, following a 1.9% decrease in 2024. There was a particular weakness in the command and packaging expression businesses. It expects consumer retail discretionary spending on hardline goods to remain muted in the near term, which is likely to hurt its overall the first quarter, 3M's long-term debt was high at $12.3 billion, reflecting an increase of 10.8% sequentially. Also, interest expenses in the quarter remained high at $255 million. Its short-term borrowings and current portion of long-term debt totaled $1.2 billion. 3M's long-term debt-to-capital ratio is currently pegged at 73.1%, higher than the industry's 54%. High debt levels, if not controlled, can increase financial obligations and prove detrimental to profitability in the quarters also operates in the highly competitive electronics, transportation, aerospace, defense and other markets, comprising well-recognised providers of highly engineered products. As one of its peers, Honeywell serves as a global diversified technology and manufacturing company, with diversified products and services. Carlisle, another peer, engages in the design, manufacture and sale of a wide range of roofing, waterproofing and engineered products, and finishing equipment. Earnings estimates for 3M have moved down over the past 60 days. Earnings estimates for second-quarter 2025 and 2025 have declined 1% and 0.9%, respectively. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research MMM is trading at a premium to industry peers with a forward 12-month price-to-earnings (P/E) multiple of 17.96X. The current valuation is above its five-year median of 15.98X and has surpassed the broader industry's multiple of 16.37X. In comparison, Honeywell and Carlisle are trading at 20.56X and 15.11X, respectively. Image Source: Zacks Investment Research Despite 3M's several upsides and robust share price returns, the near-term challenges, such as weakness in the retail market, high debt level and premium valuation, are limiting this Zacks Rank #3 (Hold) company's near-term prospects. While current shareholders should hold their positions, new investors should wait for the stock to retract some of its recent gains and provide a better entry can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
7 days ago
- Time of India
IIT death: Cops summon boy's friend in suicide probe
Kolkata / Kharagpur: The police from Kharagpur Town Station have summoned the girl from Delhi, with whom third-year civil engineering student Mohammed Asif Qamar was on a video call moments before his death, for questioning. The 22-year-old student was found hanging in his room in the Madan Mohan Malaviya (MMM) Hall on May 4. "Since the girl has exams till the third week of June, she will be coming in the month-end," a police officer said. The girl had reportedly informed the IIT security officer about Qamar's drastic step and after he killed himself while on video call. The security officer got scared and asked about her location, to which she reportedly said that she was in Delhi and Qamar was on the ground floor of the MMM Hall. Qamar's death was the second in a fortnight after the death of fourth-year ocean engineering and naval architecture student Aniket Walkar on April 20. Aniket's brother, Sudeep Walkar, came down to Kharagpur and met the police officers on Friday. "There has been no progress in the case. The cops asked me about his academic record and if I suspected anyone. The cops have not been able to talk to any of his friends as the students are on summer vacation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo They are waiting for classes to resume." Sudeep, on Saturday, planned to meet acting director Amit Patra or dean of student affairs Bhargab Maitra to ask about the committee that was inspecting the rise in the number of deaths on the campus. Aniket's brother and mother, on April 28, wrote to the Patra, seeking an independent probe into the recent suicides and deaths on the campus, prompting the institute to form a 10-member independent committee. comprising legal experts, counsellors, and academicians. "I texted the director, but he told me to get in touch with the dean of student affairs as he is in Varanasi. I sent a message to the dean, but he too is not in Kharagpur. He told me that the investigation is in process and he will update me," said Sudeep. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
The Sun
11-06-2025
- Automotive
- The Sun
Mitsubishi Motors Launches Enhanced Triton Athlete in Malaysia
MITSUBISHI Motors Malaysia (MMM), the official distributor of Mitsubishi vehicles in the country, is celebrating two decades of operations with the launch of an upgraded Triton Athlete. This latest iteration of the brand's flagship pick-up truck combines refreshed styling with improved practicality, reinforcing its reputation for rugged reliability and dynamic performance. The enhanced Triton Athlete arrives at a time when Mitsubishi Motors is marking 20 years of presence in the Malaysian market. As part of the celebrations, the company has rolled out a series of exclusive promotions and incentives for customers. The Triton Athlete, now offered at a revised price of RM159,980 (on-the-road, without insurance, for Peninsular Malaysia), features several design and functional enhancements. These include a more aggressive front bumper garnish that accentuates its commanding presence, a new styling bar that adds to its muscular profile, and a tailgate assist function designed to make loading and unloading more effortless. A decorative body decal also gives the vehicle a distinctive and personalised appearance. MMM has described the new Triton Athlete as a model that reflects its continued commitment to delivering high-quality, high-performance vehicles tailored to Malaysian drivers. The flagship pick-up has enjoyed sustained popularity in the market, with close to 120,000 units sold since its introduction. The model's enduring appeal stems from its ability to combine SUV-like refinement with off-road capability and day-to-day usability. Shinya Ikeda, CEO of Mitsubishi Motors Malaysia, stated that the Triton has become a trusted symbol of strength and dependability among local motorists. He added that the latest enhancements reaffirm the brand's dedication to evolving with customer needs while maintaining the vehicle's core appeal. According to him, the 20th anniversary is a moment to reflect on Mitsubishi's journey in Malaysia and to thank customers for their unwavering support. In conjunction with the anniversary, Mitsubishi Motors is offering an exclusive promotion for Triton Athlete buyers. For a limited period, customers may choose between a five-year free maintenance package or up to RM8,000 in rewards. The Triton Athlete is also backed by a five-year warranty with unlimited mileage, adding to its long-term value proposition. Financing packages through Maybank or Public Bank are also available, with interest rates starting as low as 0.6 per cent. These tailored offers aim to make the range-topping Triton Athlete more accessible to customers across the country. To further engage with the public, MMM is launching a nationwide 'Scratch & Win' contest beginning June 16. Customers who book a new Triton or XPANDER at any authorised Mitsubishi dealership will be eligible to participate. Upon vehicle registration and collection, they will receive a scratch card with prizes including the iPhone 16, iPad, iPods, Seiko watches, and THULE merchandise. As the company celebrates its 20th year in Malaysia, Mitsubishi Motors is using this milestone not only to highlight its achievements but also to reaffirm its focus on innovation, customer satisfaction, and value. The enhanced Triton Athlete stands as a testament to that commitment, offering drivers a compelling blend of style, functionality, and performance.
The Sun
11-06-2025
- Automotive
- The Sun
Mitsubishi Motors unveils enhanced Triton Athlete to mark 20 years in Malaysia
MITSUBISHI Motors Malaysia (MMM), the official distributor of Mitsubishi vehicles in the country, is celebrating two decades of operations with the launch of an upgraded Triton Athlete. This latest iteration of the brand's flagship pick-up truck combines refreshed styling with improved practicality, reinforcing its reputation for rugged reliability and dynamic performance. The enhanced Triton Athlete arrives at a time when Mitsubishi Motors is marking 20 years of presence in the Malaysian market. As part of the celebrations, the company has rolled out a series of exclusive promotions and incentives for customers. The Triton Athlete, now offered at a revised price of RM159,980 (on-the-road, without insurance, for Peninsular Malaysia), features several design and functional enhancements. These include a more aggressive front bumper garnish that accentuates its commanding presence, a new styling bar that adds to its muscular profile, and a tailgate assist function designed to make loading and unloading more effortless. A decorative body decal also gives the vehicle a distinctive and personalised appearance. MMM has described the new Triton Athlete as a model that reflects its continued commitment to delivering high-quality, high-performance vehicles tailored to Malaysian drivers. The flagship pick-up has enjoyed sustained popularity in the market, with close to 120,000 units sold since its introduction. The model's enduring appeal stems from its ability to combine SUV-like refinement with off-road capability and day-to-day usability. Shinya Ikeda, CEO of Mitsubishi Motors Malaysia, stated that the Triton has become a trusted symbol of strength and dependability among local motorists. He added that the latest enhancements reaffirm the brand's dedication to evolving with customer needs while maintaining the vehicle's core appeal. According to him, the 20th anniversary is a moment to reflect on Mitsubishi's journey in Malaysia and to thank customers for their unwavering support. In conjunction with the anniversary, Mitsubishi Motors is offering an exclusive promotion for Triton Athlete buyers. For a limited period, customers may choose between a five-year free maintenance package or up to RM8,000 in rewards. The Triton Athlete is also backed by a five-year warranty with unlimited mileage, adding to its long-term value proposition. Financing packages through Maybank or Public Bank are also available, with interest rates starting as low as 0.6 per cent. These tailored offers aim to make the range-topping Triton Athlete more accessible to customers across the country. To further engage with the public, MMM is launching a nationwide 'Scratch & Win' contest beginning June 16. Customers who book a new Triton or XPANDER at any authorised Mitsubishi dealership will be eligible to participate. Upon vehicle registration and collection, they will receive a scratch card with prizes including the iPhone 16, iPad, iPods, Seiko watches, and THULE merchandise. As the company celebrates its 20th year in Malaysia, Mitsubishi Motors is using this milestone not only to highlight its achievements but also to reaffirm its focus on innovation, customer satisfaction, and value. The enhanced Triton Athlete stands as a testament to that commitment, offering drivers a compelling blend of style, functionality, and performance.
Yahoo
05-06-2025
- Business
- Yahoo
WPP Media launches AI-driven tool to push beyond ID-based targeting
This story was originally published on Marketing Dive. To receive daily news and insights, subscribe to our free daily Marketing Dive newsletter. WPP Media launched Open Intelligence June 3, claiming it is the industry's first large marketing model (LMM) that leverages artificial intelligence to aggregate data for reaching audiences, according to information shared with Marketing Dive. While similar in nature to large language models (LLM), LMMs are intended to predict audience behavior and market performance rather than generate content. Open Intelligence applies AI to data on how consumers engage with brands, products, content and other touchpoints so it can deliver insights to marketers. Open Intelligence's partners at launch include FreeWheel, Google, Microsoft Advertising, Adelaide, Adstra, Circana, Experian, Lumen Research, Meta, Snap and TikTok. The model derives data from 75 markets and is intended to reach 5 billion people globally. Open Intelligence is intended to help marketers move beyond ID-based targeting through the aggregation of multiple data points to locate appropriate audiences. The service promises to allow users to create custom AI models, make decisions faster, lower waste and enable full-funnel activations. It is part of the larger AI-driven marketing platform WPP Open. The news quickly follows WPP's announcement that it has rebranded its media holdings from GroupM to WPP Media. The name change is intended to put an emphasis on the company's commitment to AI and integration. The news comes as media mix modeling (MMM), which uses statistics to measure the success of marketing campaigns, has received renewed attention. The declining influence of cookies is forcing marketers to seek alternative methods for measuring campaign success amid increased media fragmentation. Products built around the idea of MMM include Google's Meridian, which launched in 2024. Open Intelligence uses AI to perform a similar function. Open Intelligence collects data points across a variety of relevant factors, such as geographical, commercial and behavioral. This information is then used to create custom AI models which are supplemented with the clients' first-party data. The models are tailored to specific goals and are used to turn audience signals into data patterns. Partnerships allow for the integration of these models across channels without relying on ID. WPP saw a Q1 2025 revenue of $4.3 billion (£3.2 billion), a decline of 5% year-over-year, according to an earnings statement. While not directly affected by tariffs, many of the company's clients are, according to CEO Mark Read. This, combined with broader economic concerns, could present challenges for WPP and its clients during the back half of the year. Sign in to access your portfolio
