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Should I invest in 3M stock for its N95 Masks? Is 3M a buy during the times of controling the spread of COVID-19? Much of 2020 has been shuttered with a skyrocketing demand for PPE, especially N95 Masks. As we enter 2021, these items are still on allocation despite the increase in production of these N95 Masks.
3M is short of Minnesota, Miniing and Manufacturing headquarted in Maplewood, Minnesota outside of St. Paul. It is an American global conglomerate organizaiton that focuses on industrial, worker safety, healthcare, and consumer goods. 3M sells over 60,000 products from Post-it, Scotch, Nexcare, Filtrate, and much more
2018, 3M had total sales of $32.8 billion, is ranked 95 in the Fortune 500 list, has 93,500 employees in 70 countries.
Current stock price as of November 5, 2020 of $163.66, dividend of 3.653%
N95 mask respirator is a respiratory protective equipment designed to protect the wearer from airborne particles by being able to filter 95%. This is done by creating a seal around the nose and mouth with a very close facial fit and very efficient filtration system. N95 Surgical Mask Respirators are commonly used in healthcare settings, such as a hospital, nursing home, emergency care and acute residential facilities.
According to Morningstar, "3M continues to emphasize innovation and keeps competitors away with generous levels of Research and Development spending, which totals 6% of net sales. The firm continues to benefit from its shared technology platforms, which is applicable to multiple use cases. Technology allows 3M to charge 10% to 30% premium for it's products, but also brings down its unit costs. 3M is likely to profit from segments and geographies exposed to faster-growing portions of global GDP, which over the long term should allow it to handily outperform the industrial production index."
If you are looking for a dividend stock. For over 100 years, 3M has paid dividends to its shareholders consistently, and since 1959 has increase the annual dividend. Making it a steady company for a portfolio
N95 Masks is appozimately 6% of 3M's total revenue.
According to Morningstar, "3M will struggle to attract and retain the best and brightest scientist and engineers, as future generations will increasingly gravitate toward the technology sector. While 3M has earned returns that have doubled it's cost of capital for over 25 years, the firms R&D efforts have struggled to generate additional sales. The firm faces several headwinds, including challenges in it's automative and semiconductor markets, customer inventory destocking, and economic slowdown in China."
If you are looking for more growth, like many large corporations you will see consistent growth rather than exponential growth.
Here is an offer from Robinhood, where you can get 1 free stock worth upto $222.42 when you click here, set up your account and start buying some stock like 3M.
This is for informational purposes and not intended for you to invest in any company.
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For more information about the coronavirus, please visit the NYS Department of Health ( www.health.ny.gov ) and the Centers for Disease Control ( www.cdc.gov ) websites.
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