Top Warren Buffett Companies To Invest In Right Now: 3M Company(MMM)
3M Company, together with subsidiaries, operates as a diversified technology company worldwide. The company?s Industrial and Transportation segment offers tapes, coated and non-woven abrasives, adhesives, specialty materials, filtration products, energy control products, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair, and maintenance of automotive, marine, aircraft, and specialty vehicles. Its Health Care segment provides medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, dental and orthodontic products, health information systems, and food safety products. The company?s Display and Graphics offers optical film solutions for LCD electronic displays; computer screen filters; reflective sheeting for transportation safety; commercial graphics sheeting and systems; and mobile interactive solutions, includin g mobile display technology, visual systems products, and computer privacy filters. The company?s Consumer and Office segment provides office supply products, stationery products, construction and home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. Its Safety, Security and Protection Services segment offers personal protection products, safety and security products, cleaning and protection products for commercial establishments, track and trace solutions, and roofing granules for asphalt shingles. The company?s Electro and Communications segment provides packaging and interconnection devices; fluids that are used in the manufacture of computer chips, and for cooling electronics and lubricating computer hard disk drives; high-temperature and display tapes; insulating materials, including tapes and resins; and related items. The company was founded! in 1902 and is base d in St. Paul, Minnesota.
Advisors' Opinion:- [By Dan Caplinger]
Moreover, it's not as if Dow stocks haven't delivered some solid dividend increases lately. Just earlier this week, Procter & Gamble (NYSE: PG ) declared a payout 7% higher than what it paid in the previous quarter, marking its 57th straight annual dividend increase. Back in February, Coca-Cola (NYSE: KO ) came through with an even more aggressive increase of 10% in its quarterly payout, while 3M (NYSE: MMM ) hiked its dividend by 8%. Both companies also have half-century streaks of increasing payouts annually.
- [By WALLSTCHEATSHEET]
Given its strong history of successful research and development, as well as its substantial economies of scale in over 200 countries, 3Ms competitive advantage should remain in tact over the long term. The company reported strong second quarter earnings, underscored by a continued ability to generate significant free cash flow. Moreover, the company is actively returning its cash balance to investors, in the form of share repurchases and dividend increases. Its investment in emerging markets is paying off, as healthcare and infrastructure spending in Latin America and Asia continue to grow. While the company is expensive relative to its historical price to earnings multiples, it is not likely to grow cheaper in the near-term, given its strong second quarter. Still, 3Ms steady earnings and dividend growth make it a long-term buy. 3M is an OUTPERFORM.
- [By Dan Caplinger]
By contrast, you can find many lucrative opportunities in dividend stocks. But rather than focusing on the highest yield you can find -- which often backfires when those companies slash their payouts -- look instead at stocks that have consistently grown their dividends over time. Procter & Gamble (NYSE: PG ) just raised its dividend by 7%, marking the 57th consecutive year that the ! company h! as made an increase to its payout rate. Office-products conglomerate 3M (NYSE: MMM ) has almost as impressive a streak of 55 years of annual dividend increases, with its own 8% raise back in February. Sticking with proven winners like these stocks is a great way to appease your fears of investing near all-time stock market highs.
- [By Charley Blaine]
Dow component 3M Corp. (NYSE: MMM) is confident enough about its future that it announced late Tuesday a new $12 billion stock buyback plan.
This buyback is open-ended, so it has no expiration date, nor any formal guidance on how it will be enacted. It is just not clear how long it would take to buy in $12 billion in stock. The history shows that 3M spent $5.2 billion on buybacks in 2013, up from $2.2 billion in 2012. At the same pace as before, it could take as little as two years or as many as six years.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-warren-buffett-companies-to-invest-in-right-now.html
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