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Headquartered in St. Paul, Minnesota, 3M Company (MMM) is a diversified global corporation valued at $69.11 billion by market cap. 3M develops a wide range of products across healthcare, consumer goods, and industrial manufacturing industries. The company's pioneering solutions, including adhesives, abrasives, and advanced materials, have transformed how businesses operate and consumers engage with everyday products.
Shares of the MMM significantly outperformed the broader market over the past year. The stock has gained 42% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024 alone, the stock has gained 37.1%, compared to SPX's 9.8% gains on a YTD basis.