3M Corp Stock Price, News & Analysis

3M announced a legal victory against Qingdao Sisa Abrasives Co., Ltd. in a patent infringement case in China. The Intermediate People's Court of Zhengzhou ruled that Sisa's BCA-T abrasive grain violated 3M's patents related to Precision-Shaped Abrasive Grain technology. The court's decision, effective February 1, 2021, mandates Sisa to cease production and sales of the infringing product and compensate 3M for economic losses and protection costs. This ruling underscores 3M's commitment to safeguarding its intellectual property.

3M and Pegatron have collaborated to create a Virtual Reality headset featuring a folded optics lens that utilizes 3M's reflective polarizer. This advanced lens provides high resolution, excellent transmission, and a wide field of view, resulting in a thinner, lighter design. The VX6 reference design is powered by the Qualcomm® Snapdragon™ XR2 Platform, offering wireless VR capabilities and high-speed downloads. Mass production is expected in late 2021. The headset is designed to accommodate wearers with prescription glasses and boasts a 95-degree field of view.

3M (NYSE: MMM) has introduced the 3M™ Clean & Protect Certified Badge Program to assist businesses in reopening safely post-pandemic. The program offers comprehensive cleaning, monitoring, and training solutions aimed at enhancing facility safety. Key components include a variety of cleaning and disinfection solutions, real-time cleaning verification with the 3M Clean-Trace™ ATP Monitoring System, specialized training from the 3M Cleaning Academy, and customizable social distancing graphics. This initiative reflects a proactive approach to instilling confidence in public spaces as businesses resume operations.

3M (NYSE: MMM) announced a $1 billion investment over 20 years to meet environmental goals, including achieving carbon neutrality by 2050 and reducing water use by 25%. The company aims for a 50% reduction in carbon emissions by 2030 and plans to enhance water quality through state-of-the-art purification technologies. CEO Mike Roman emphasized improving operations and driving growth through these initiatives. The commitments align with 3M's long-standing dedication to sustainability and leadership in environmental stewardship.

On February 9, 2021, 3M (NYSE: MMM) announced its participation in two upcoming investor events. The first is the Barclays Industrial Select Conference 2021 on February 17, 2021, featuring CEO Mike Roman and CFO Monish Patolawala at 11:30 a.m. EST. The second event is the Citi 2021 Global Industrials Conference on February 18, 2021, where they will present at 10:30 a.m. EST. Both events will be available via live webcast and on the Investor Relations section of 3M's website.

3M Health Care unveiled the 3M™ Polisher™ ST on Feb. 9, 2021, a single-use AEX solution aimed at enhancing biologic drug manufacturing. This innovative product reduces processing steps, improving economic efficiency. The Polisher ST features dual AEX-functional media designed for turbidity, DNA, and endotoxin reduction, and is engineered for continuous bioprocessing. It is a compact, cost-effective solution that supports higher purity and yield. Production capsules will be available later, signaling 3M's commitment to advancing biopharmaceutical manufacturing technology.

The 3M Board of Directors declared a $1.48 dividend per share for Q1 2021, a 1% increase over the previous year. This dividend will be paid on March 12, 2021, to shareholders on record as of February 12, 2021. Notably, this is the 63rd consecutive year of dividend increases and follows over 100 years of uninterrupted dividend payments. As of December 31, 2020, 3M had 577,749,638 shares outstanding and 68,843 shareholders of record.