MMM 3M Company

XNYS 175.54 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

MMM $175.54 —
Key stats
$175.54
Pre-market $174.84 -0.41%
52-Week Range
$139.34 – $184.90
YTD
+8.48%
IV Rank (30D)
24.1
Straddle Price
$10.38
P/C Vol Ratio
0.31
Market Cap
$90.1B
Open
$174.94
Day Range
$173.07 – $176.18
Volume
5,953,737
Prev Close
$174.74
Fair Value
MODEL: NEUTRAL

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.12%
Beta vs SPY0.96
Cost of Equity (CAPM)9.93% (VRP-adj)
WACC9.43%
Volatility Risk Premium+18.6pp (IV − HV30)
Effective Tax Rate19.2%
Rev. Growth (YoY, DCF input)+7.4%
DCF Horizon10 years explicit + fade
Forward Tilt (NTM/TTM)×1.07 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$2.7B
Return on Equity (TTM)85.7%
Book / Price4.5%
Gross Margin (TTM)39.5%
FCF Margin (TTM)10.6%
Debt / Equity3.01
Quality Score2/6 — normal (10y DCF)
Market-Implied Growth+18.7% (reverse-DCF on current price)
SMA 50$169.32 (Market Anchor value)
SMA 20 / Bollinger Mid$165.55
Bollinger Width / SMA206.4% (drives anchor stability)
Net Debt$7.7B
Market Cap$93B
Peers used for multiples: AAPL, AMGN, CAT, JNJ, LLY, MRK, MSFT, UNH
60-Day Conviction
29%
20-Day Fair Value
≈ by Nov 23, 2026
$176.46
α +0.5% rank 6%
conviction
34%
40-Day Fair Value
≈ by Dec 22, 2026
$178.90
α +1.9% rank 10%
conviction
60%
60-Day Fair Value
≈ by Jan 20, 2027
$176.93
α +0.8% rank 18%
conviction
29%
MethodImplied PriceWeightDetail
DCF $84.64 19%
DDM (Gordon) $65.44 0%
Peer P/E $252.05 9% median 35.0× · 8 peers
Peer EV/EBITDA $271.24 9% median 21.7× · 8 peers
Peer P/B $104.35 2% median 13.2× · 8 peers
Peer P/S $319.36 6% median 6.2× · 8 peers
Market Anchor (SMA50) $169.32 38% stability 100% (BB-width)
Options Expected (B-L 30d) $174.45 19% 27 strikes · skew -1.20
As of 2026-10-23 · updated
About
Industry (SIC)
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS (3841) · industry map
Exchange
XNYS
Market Cap
$90.1B
Employees
60,500
List Date
1946-01-14
CIK
0000066740
Headquarters
St Paul, MN
Homepage
https://www.3m.com

3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities and for pioneering new uses for its proprietary technologies. 3M has three business segments: safety and industrial (around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan2.21%-6.59%-6.03%-14.23%17.35%-5.35%-2.11%
Feb0.21%-11.22%-7.01%-3.95%3.39%7.75%-1.80%
Mar9.22%2.85%-4.63%15.47%-4.28%-10.05%1.43%
Apr2.30%-3.65%1.58%2.65%-5.93%0.87%-0.36%
May2.23%2.32%-11.85%1.73%7.58%7.46%1.58%
Jun-2.25%-11.62%6.16%2.44%3.99%7.27%1.00%
Jul-0.58%11.48%10.24%26.78%-2.98%9.83%9.13%
Aug-1.41%-13.26%-3.52%6.50%7.70%-3.05%-1.17%
Sep-9.32%-12.04%-12.46%4.47%0.59%-3.58%-5.39%
Oct1.13%11.10%0.81%-6.27%6.73%7.69%*3.53%
Nov-5.31%0.53%9.40%4.96%6.08%--3.13%
Dec4.04%-4.82%9.48%-2.86%-6.09%---0.05%
Total1.27%-32.81%-10.94%37.17%36.58%17.93%8.20%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $165.55
SMA 50: $169.32
SMA 200: $160.87
Current: $175.56
EMA 12: $167.77
EMA 26: $166.95
MACD: 0.8108 | Signal: 1.6490
BEARISH
ADX (14): 28.13
TREND
+DI: 26.96
−DI: 14.32

Momentum Oscillators

RSI (14): 65.01
NEUTRAL
Stoch %K: 94.89
Stoch %D: 73.67
Williams %R: -3.65

Volume & Volatility

BB Upper: $174.27
BB Lower: $156.83
OVERBOUGHT
OBV: 100,003,196
Vol SMA 20: 3,440,967
Vol ROC: 155.27%
ATR: $4.07
True Range: $3.11
HV 20: 27.6%
HV 30: 26.0%
HV 60: 21.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

3M Company (MMM) - Comprehensive Stock Analysis Report

Executive Summary

Overall Assessment: BEARISH | Confidence Level: 7/10

3M is displaying conflicting signals with a clear technical deterioration offset by moderately positive sector-specific news. The stock is caught in a downtrend with weak momentum indicators, while the options market reveals significant bearish positioning. However, defensive characteristics (beta 0.72) and an upcoming earnings catalyst provide potential for reversal.

Key Drivers:

  • Primary Risk: Technical breakdown with bearish MACD, elevated -DI (22.80), and price trading below all major moving averages
  • Primary Driver: Positive sentiment around Safety & Industrial segment strength and broader industrial positioning
  • Catalyst: Earnings on 2026-10-20 (11 days out) could provide inflection point

Investment Thesis: MMM is in a confirmed downtrend with deteriorating momentum despite positive fundamental commentary on its Safety & Industrial business. The elevated put/call ratio (9.07) and bearish options positioning suggest institutional caution. Near-term support near $159.12 (lower Bollinger Band/200-day SMA) is critical—a break below this level could accelerate losses, while a hold combined with positive earnings could trigger a reversal.

Recent News Sentiment Impact: News sentiment is MODERATELY POSITIVE (3 of 6 headlines positive), with focus on Safety & Industrial segment resilience and industrial market positioning. However, these positive themes have NOT translated into price support, suggesting the market is discounting guidance or forward concerns. This divergence is a bearish warning signal.

Technical Analysis

Trend Direction

| Timeframe | Direction | Strength | Assessment | |-----------|-----------|----------|------------| | Short-term (1-4 weeks) | DOWNTREND | Strong | Price $159.96 below SMA 20 ($165.06), SMA 50 ($171.88); ADX 31.07 confirms strong trend | | Medium-term (1-3 months) | DOWNTREND | Moderate | Price below SMA 50 and SMA 200, declining from higher levels | | Long-term (3-12 months) | NEUTRAL-TO-BEARISH | Weak | Price slightly below SMA 200 ($160.65); limited conviction either direction |

Support & Resistance Levels

| Level | Price | Significance | Action Signal | |-------|-------|--------------|----------------| | Immediate Support | $159.12 | Lower Bollinger Band + proximity to SMA 200 ($160.65) | Critical floor; break below = acceleration of selling | | Support | $156.00 | Round number + previous technical support | Second-line defense | | Resistance (Short-term) | $165.06 | SMA 20 | Must reclaim to invalidate downtrend | | Resistance (Medium-term) | $171.88 | SMA 50 | Critical moving average; required for trend reversal | | Resistance (Strategic) | $170.99 | Upper Bollinger Band | Overbought threshold if reached |

Price Position Analysis: Current price ($159.96) is sandwiched between support at $159.12 and resistance at $165.06—a narrow $5.94 trading band representing compressed technicals post-decline.

Momentum Signals

RSI (14): 36.46 — NEUTRAL with bearish undertone

  • Reading of 36.46 is in neutral zone (30-70) but closer to oversold (<30) than overbought (>70)
  • Indicates potential for continued weakness before any mean-reversion bounce
  • Signal: No immediate bounce signal; room for further deterioration before capitulation

MACD: -2.24 (MACD Line) vs -0.26 (Signal Line) — BEARISH CROSSOVER

  • MACD is trading significantly below signal line with negative histogram (-1.97)
  • Indicates bearish momentum with no imminent positive crossover
  • Signal: Momentum favors sellers; crossover above signal line (+0.26) would be first confirmation of momentum shift

Stochastic Oscillators: %K 17.90, %D 24.82 — DEEPLY OVERSOLD

  • %K at 17.90 is in extreme oversold territory (typical threshold: <20)
  • %D at 24.82 still reflects oversold conditions
  • Signal: Extreme oversold reading suggests potential for technical bounce, BUT only if supported by positive catalyst (earnings, news)
  • Risk: Can remain oversold in sustained downtrends

Williams %R: -99.28 — EXTREME WEAKNESS

  • Reading at -99.28 (on -100 to 0 scale) is near absolute extreme
  • Indicates stock is at lowest point of recent range
  • Signal: Maximum oversold condition; high probability of bounce IF trend breaks

Bollinger Bands Analysis

  • Upper Band: $170.99
  • Middle (SMA 20): $165.06
  • Lower Band: $159.12
  • Width: 7.20 (narrow, indicating compression)
  • Signal: NEUTRAL with compression warning

Interpretation:

  • Price touching lower band ($159.96 vs $159.12) typically signals oversold conditions
  • Narrow band width ($7.20) suggests volatility is contracting—often precedes breakout
  • Traders should anticipate volatility expansion; current compression unsustainable
  • Direction of next move unclear, but magnitude likely to exceed recent $5-6 swings

Volume Analysis

Volume Trends:

  • Volume SMA 20: 2,979,131 shares (baseline)
  • Volume Rate of Change: -5.75% (declining volume trend)
  • Signal: BEARISH — Falling volume on downside typically indicates weakness, not aggressive selling
  • Expected: Volume should spike on capitulation or reversal

On-Balance Volume (OBV): 38,209,436

  • OBV is down significantly from previous highs
  • Cumulative volume indicator shows sellers have maintained slight advantage over past period
  • Signal: No strong institutional accumulation visible; OBV trend lower suggests distribution

Institutional Interest Assessment:

  • Volume below 20-day average suggests retail/light trading environment
  • Lack of volume spike on recent declines indicates lack of forced selling (capitulation)
  • Risk: Bounce may be shallow without institutional buying support

News & Sentiment Analysis

Recent Headlines Summary

Positive Themes (3 headlines):

  1. Safety & Industrial Segment Strength (Zacks, 2026-10-08) — Direct MMM commentary suggesting core segment remains resilient despite headwinds
  2. Moisture Absorber Market Growth (GlobeNewswire, 2026-10-05) — Industrial/safety market segment showing structural demand growth (7.59% CAGR forecast)
  3. Carlisle Strong Prospects (Zacks, 2026-10-09) — Peer company in industrial/construction showing strength; implies sector tailwinds

Neutral Themes (3 headlines):

  • General automotive industry analysis, director insider buy (different company), ITT stock recommendation
  • Interpretation: No company-specific negative catalysts; noise rather than signal

Sentiment Assessment

Aggregate News Sentiment: MODERATELY POSITIVE (50% positive, 50% neutral, 0% negative)

  • No negative headlines present; suggests lack of fresh bad news
  • Positive headlines focused on segment fundamentals, not price drivers
  • Critical Divergence: Positive news sentiment NOT supporting price; stock declining despite favorable commentary
    • This divergence is BEARISH — suggests market is discounting forward risks that news doesn't capture
    • Possible concerns: Guidance, margin pressure, end-market demand deterioration, valuation reset

Catalyst Identification

| Catalyst | Timeline | Probability | Impact | |-----------|----------|------------|--------| | Q3 2026 Earnings | 2026-10-20 (11 days) | HIGH | Critical near-term catalyst; sentiment and technicals depend on beat/miss and guidance | | Safety & Industrial Demand Trends | Q4 2026 (2-3 months) | MEDIUM | Structural tailwinds evident; execution risk remains | | Margin/Cost Pressure Narrative | Ongoing | MEDIUM | Implied from technical weakness despite positive news | | Broader Industrial Cycle | 2026-2027 | MEDIUM | Momentum appears to be rolling over; watch leading indicators |

Market Narrative vs. Technical Signals

**CRITICAL CONFLICT IDENTIFIED

Generated
News
All MMM news →
Earnings History
17 of 24 under expected move
Avg Expected Move
9.28%
Avg Actual Move
4.78%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-01-26 Pre-Market 22.13% 3.26% 0.15x Within
2021-03-22 Pre-Market 11.27% 0.40% 0.04x Within
2021-07-27 Pre-Market 16.54% 0.60% 0.04x Within
2021-10-26 Pre-Market 8.62% 0.13% 0.02x Within
2022-01-25 Pre-Market 14.91% 0.55% 0.04x Within
2022-04-26 Pre-Market 15.16% 2.95% 0.19x Within
2022-07-26 Pre-Market 13.48% 4.94% 0.37x Within
2022-10-25 Pre-Market 14.11% 0.10% 0.01x Within
2023-01-24 Pre-Market 10.80% 6.21% 0.57x Within
2023-04-25 Pre-Market 16.86% 0.66% 0.04x Within
2023-07-25 Pre-Market 4.99% 5.33% 1.07x Exceeded
2023-10-24 Pre-Market 5.85% 5.28% 0.90x Within
2024-01-23 Pre-Market 6.00% 11.03% 1.84x Exceeded
2024-04-30 Pre-Market 5.91% 4.72% 0.80x Within
2024-07-26 Pre-Market 5.97% 22.99% 3.85x Exceeded
2024-10-22 Pre-Market 7.55% 2.31% 0.31x Within
2025-01-21 After-Close 1.59% 1.56% 0.98x Within
2025-04-22 Pre-Market 7.24% 8.12% 1.12x Exceeded
2025-07-18 Pre-Market 4.34% 3.65% 0.84x Within
2025-10-21 Pre-Market 5.78% 7.66% 1.33x Exceeded
2026-01-20 Pre-Market 5.81% 7.17% 1.23x Exceeded
2026-04-21 Pre-Market 6.34% 1.94% 0.31x Within
2026-07-21 Pre-Market 5.73% 7.32% 1.28x Exceeded
2026-10-20 Pre-Market 5.83% 5.78% 0.99x Within

Earnings calendar: this week’s reports with expected vs actual moves →

MMM Options Activity & IV Rank

MMM IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 26.1%
7-DTE IV: 29.1%
Expected Move: $10.38
7-DTE Move: $6.15
Days to Exp: 29 (2026-11-20)

Options Flow

Call Volume: 1,138
Put Volume: 357
P/C Volume: 0.314
BULLISH
Call OI: 18,681
Put OI: 4,312
P/C OI: 0.231
Total OI: 22,993

ATM Options Pricing

ATM Call: $5.50
ATM Put: $4.88
Call %: 3.1%
Put %: 2.8%

Chain Summary

Chain Volume: 14,482
Chain OI: 117,126
Last Updated: 10/22/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 99th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
99%
vs own history
GEX tilt
+0.64
OI-weighted, today
Vanna tilt
+0.62
δ-sensitivity to IV
Charm tilt
-0.63
δ-decay vs time
Vanna tilt +0.62: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.63: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 148 ATM contracts, 70k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d 33%
+3.4 pts EXTREME
as of Oct 22 · ATM 28.4% / Wing 31.8%
30 DTE / 10d 39%
+3.6 pts EXTREME
as of Oct 22 · ATM 26.2% / Wing 29.9%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)26.6MediumOct 22
IV Rank (30 DTE)24.1LowOct 22
Straddle Price (30 DTE)$10.38Oct 22
Beta Analysis

Risk Metrics

Beta: 0.6831
Alpha: -1.60%
Correlation: 0.3374
R-Squared: 11.4%
Stock Volatility: 25.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own MMM
5 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$281.1M
0.16%
#110 of 6285+31.4%13F
Millennium Management Hedge fund
Izzy Englander
$212.2M
0.14%
#129 of 3716-7.1%13F
Point72 Hedge fund
Steve Cohen
$91.6M
0.14%
#189 of 1945new13F
Rockefeller Capital Management Family office
Rockefeller family
$11.9M
0.02%
#665 of 4729-1.4%13F
Bridgewater Associates Hedge fund
Ray Dalio
$2.3M
0.01%
#681 of 997+35.6%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

MMM Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 529,150,000 (as of 2026-09-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

2,349 filers442,421,353 shares$72.66B value83.61% of float
# Filer Shares Value % of Total % of Float Period
1 Vanguard Group Inc Custodian 49,055,462 $7.85B 10.81% 9.27% 2025-12-31
2 BlackRock, Inc. Custodian 45,048,766 $7.29B 10.04% 8.51% 2026-06-30
3 JPMorgan Chase & Co Custodian 39,432,727 $6.41B 8.82% 7.45% 2026-06-30
4 Vanguard Capital Management LLC 34,065,039 $5.52B 7.59% 6.44% 2026-06-30
5 State Street Corp 27,828,966 $4.51B 6.20% 5.26% 2026-06-30
6 Geode Capital Management, LLC Custodian 11,957,078 $1.93B 2.65% 2.26% 2026-06-30
7 Vanguard Portfolio Management LLC 9,542,983 $1.55B 2.13% 1.80% 2026-06-30
8 Capital World Investors 8,392,028 $1.36B 1.87% 1.59% 2026-06-30
9 State Farm Mutual Automobile Insurance Co 7,934,035 $1.28B 1.77% 1.50% 2026-06-30
10 Norges Bank 7,808,095 $1.26B 1.74% 1.48% 2026-06-30
11 Morgan Stanley Custodian 7,630,269 $1.24B 1.70% 1.44% 2026-06-30
12 PeakShares LLC 7,581 $1.23B 1.69% <0.01% 2026-06-30
13 Northern Trust Corp Custodian 5,628,328 $911.28M 1.25% 1.06% 2026-06-30
14 Newport Trust Company, LLC 5,455,533 $883.31M 1.22% 1.03% 2026-06-30
15 FMR LLC Custodian 5,307,203 $859.29M 1.18% 1.00% 2026-06-30
16 D. E. Shaw & Co., Inc. Custodian 4,871,164 $788.69M 1.09% 0.92% 2026-06-30
17 Amundi Custodian 4,536,148 $734.45M 1.01% 0.86% 2026-06-30
18 SG Americas Securities, LLC 4,533,524 $734.02M 1.01% 0.86% 2026-06-30
19 Bank of America Corp Custodian 4,475,755 $724.67M 1.00% 0.85% 2026-06-30
20 Goldman Sachs Group Inc Custodian 4,458,815 $721.93M 0.99% 0.84% 2026-06-30
21 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Custodian 3,935,534 $637.20M 0.88% 0.74% 2026-06-30
22 Invesco Ltd. Custodian 3,643,494 $589.92M 0.81% 0.69% 2026-06-30
23 Charles Schwab Investment Management, Inc. 3,448,533 $558.35M 0.77% 0.65% 2026-06-30
24 Dimensional Fund Advisors LP Custodian 3,294,413 $533.39M 0.73% 0.62% 2026-06-30
25 Jupiter Topco LLC 3,218,003 $521.03M 0.72% 0.61% 2026-06-30
39 filers$702.95M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $167.20M 23.79% 2026-06-30
2 Jane Street Group, LLC Custodian $140.39M 19.97% 2026-06-30
3 TORNO CAPITAL, LLC $75.61M 10.76% 2026-06-30
4 Citadel Advisors LLC Custodian $70.38M 10.01% 2026-06-30
5 Wolverine Trading, LLC Custodian $52.34M 7.45% 2025-09-30
6 Walleye Trading LLC $39.64M 5.64% 2026-06-30
7 Cubist Systematic Strategies, LLC $22.14M 3.15% 2025-09-30
8 Point72 Asset Management, L.P. $20.42M 2.90% 2026-06-30
9 TUDOR INVESTMENT CORP ET AL $11.32M 1.61% 2026-06-30
10 Interval Partners, LP $8.87M 1.26% 2026-06-30
11 CAPITAL FUND MANAGEMENT S.A. $8.37M 1.19% 2026-06-30
12 UBS Group AG Custodian $8.23M 1.17% 2026-06-30
13 HSBC Holdings plc Custodian $7.71M 1.10% 2026-06-30
14 Millennium Management LLC Custodian $6.75M 0.96% 2026-06-30
15 Twin Tree Management, LP $6.54M 0.93% 2026-06-30
16 PEAK6 LLC $6.31M 0.90% 2026-06-30
17 D. E. Shaw & Co., Inc. Custodian $6.10M 0.87% 2026-06-30
18 Goldman Sachs Group Inc Custodian $5.83M 0.83% 2026-06-30
19 Qube Research & Technologies Ltd $5.36M 0.76% 2026-06-30
20 BOOTHBAY FUND MANAGEMENT, LLC $5.28M 0.75% 2026-06-30
21 Allianz Asset Management GmbH $4.57M 0.65% 2026-06-30
22 NOMURA HOLDINGS INC $4.05M 0.58% 2026-06-30
23 Walleye Capital LLC $4.05M 0.58% 2026-06-30
24 Balyasny Asset Management L.P. $2.43M 0.35% 2026-06-30
25 Limestone Investment Advisors LP $1.89M 0.27% 2026-06-30
42 filers$665.95M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $148.07M 22.23% 2026-06-30
2 TORNO CAPITAL, LLC $73.02M 10.96% 2026-06-30
3 Oribel Capital Management, LP $67.06M 10.07% 2026-06-30
4 Jane Street Group, LLC Custodian $59.31M 8.91% 2026-06-30
5 Citadel Advisors LLC Custodian $58.00M 8.71% 2026-06-30
6 Parallax Volatility Advisers, L.P. $55.88M 8.39% 2026-06-30
7 Wolverine Trading, LLC Custodian $34.50M 5.18% 2025-09-30
8 HSBC Holdings plc Custodian $24.42M 3.67% 2026-06-30
9 SCOPUS ASSET MANAGEMENT, L.P. $22.67M 3.40% 2026-06-30
10 Walleye Trading LLC $20.90M 3.14% 2026-06-30
11 Millennium Management LLC Custodian $11.09M 1.67% 2026-06-30
12 CAPSTONE INVESTMENT ADVISORS, LLC $11.03M 1.66% 2026-06-30
13 Centiva Capital, LP $10.51M 1.58% 2026-06-30
14 Goldman Sachs Group Inc Custodian $8.91M 1.34% 2026-06-30
15 Cubist Systematic Strategies, LLC $8.58M 1.29% 2025-09-30
16 BOOTHBAY FUND MANAGEMENT, LLC $6.91M 1.04% 2026-06-30
17 Allianz Asset Management GmbH $6.41M 0.96% 2026-06-30
18 Point72 Asset Management, L.P. $5.70M 0.86% 2026-06-30
19 CREDIT AGRICOLE S A $4.05M 0.61% 2026-06-30
20 CAPITAL FUND MANAGEMENT S.A. $3.72M 0.56% 2026-06-30
21 UBS Group AG Custodian $3.24M 0.49% 2026-06-30
22 Qube Research & Technologies Ltd $3.09M 0.46% 2026-06-30
23 Twin Tree Management, LP $2.74M 0.41% 2026-06-30
24 Eisler Capital Management Ltd. $2.68M 0.40% 2025-09-30
25 Squarepoint Ops LLC $1.88M 0.28% 2026-06-30

MMM Insider Trading (Form 4)

Latest: 2026-10-09
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-09 Kevin H Rhodes EVP, Chief Legal Off & Secret Mixed — $162.12 — EDGAR
2026-10-09 Tushar A. Kshirsagar EVP Chief Tech Officer Mixed — $162.12 — EDGAR
2026-10-09 Christian T Goralski JR Group President Mixed — $162.12 — EDGAR
2026-10-02 Anurag Maheshwari EVP & Chief Financial Officer Mixed +5,953 $163.02 $970.5K EDGAR
2026-09-03 Bobby K George EVP, Chief Info & Digital Off Grant (A) +15,860 RSU — EDGAR
2026-09-03 Jennifer A. Cunningham EVP & Chief HR Officer Grant (A) +7,049 RSU — EDGAR
2026-08-06 Rodriguez Beatriz Karina Chavez Group President Sell (S) −3,635 $182.51 -$663.4K EDGAR
2026-08-06 Rodriguez Beatriz Karina Chavez Group President Sell (S) −3,635 $182.51 -$663.4K EDGAR
2026-07-24 John Patrick Banovetz Executive Vice President Mixed — $162.56 -$124.1K EDGAR
2026-07-24 Theresa E Reinseth Sr Vice President & CAO Sell (S) −924 $169.42 -$156.5K EDGAR
2026-07-23 Kevin H Rhodes EVP, Chief Legal Off & Secret Mixed — $162.94 -$126.6K EDGAR
2026-07-23 Christian T Goralski JR Group President Mixed — $162.57 -$77.3K EDGAR
2026-07-02 Wendy A Bauer Group President Mixed +4,394 $159.96 $702.9K EDGAR
2026-06-09 Jennifer Rumsey Director Award (A) +1,195 $152.77 $182.7K EDGAR
2026-05-13 Pedro Pizarro Director Award (A) +1,360 $143.34 $195.0K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

MMM Insider Holdings

26 insiders · @ $175.56
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Michael F Roman Chairman of the Board 193,397 $33.95M -$24.32M 40 2025-02-18
2 John Patrick Banovetz Executive Vice President 50,056 $8.79M -$4.88M 36 2026-07-24
3 Kevin H Rhodes EVP, Chief Legal Off & Secret 43,852 $7.70M -$4.27M 27 2026-10-09
4 Zoe L Dickson EVP & Chief HR Officer 21,832 $3.83M -$17.95M 26 2026-04-02
5 Gregory R Page Director 19,480 $3.42M $697.0K 27 2025-05-14
6 Thomas K Brown Director 18,980 $3.33M $0 13 2026-05-13
7 Anurag Maheshwari EVP & Chief Financial Officer 17,356 $3.05M $0 5 2026-10-02
8 Peter D Gibbons Group President 17,348 $3.05M $0 9 2025-02-13
9 David B Dillon Director 15,565 $2.73M $203.4K 12 2025-05-14
10 Mark W. Murphy EVP & Chief Info Digital Off 13,024 $2.29M -$3.17M 13 2026-02-18
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

MMM Board & Officers

As of SEC filings through Oct 9, 2026

Directors 11

Officers 17

Changes in the last 10 years (85)
Oct 1, 2026Tushar A. Kshirsagar became EVP Chief Tech Officer
Aug 10, 2026Jennifer A. Cunningham became EVP & Chief HR Officer
Aug 10, 2026Bobby K George became EVP, Chief Info & Digital Off
Jun 5, 2026Jennifer Rumsey became a director
Feb 6, 2026Neil G. Mitchill JR became a director
Feb 2, 2026Paul Joseph Gallagher became Group President
Aug 11, 2025The company announced the departure of Gregory R Page from the board in an SEC filing
May 5, 2025William M Brown listed as Chairman & CEO (previously Chief Executive Officer) in SEC filings
May 5, 2025Torsten Pilz became Group President
Apr 7, 2025Jonathan G. Van Wyck became EVP Chief Strategy Officer
Feb 18, 2025The company announced the departure of Peter D Gibbons as Group President in an SEC filing
Feb 6, 2025David P Bozeman became a director
Feb 4, 2025The company announced the departure of Michael F Roman from the board in an SEC filing
Feb 4, 2025The company announced the departure of Michael F Roman as Chairman of the Board in an SEC filing
Feb 4, 2025The company announced the departure of Amy Hood from the board in an SEC filing
Jan 28, 2025Kevin H Rhodes listed as EVP, Chief Legal Off & Secret (previously EVP & Chief Legal Officer) in SEC filings
Nov 4, 2024Theresa E Reinseth listed as Sr Vice President & CAO (previously Interim CFO and SVP CAO) in SEC filings
Oct 2, 2024Anurag Maheshwari listed as EVP & Chief Financial Officer (previously Chief Financial Officer) in SEC filings
Sep 1, 2024Anurag Maheshwari became Chief Financial Officer
Aug 2, 2024Theresa E Reinseth listed as Interim CFO and SVP CAO (previously Senior Vice President/CAO) in SEC filings
Not reported recently (32)
  • Michael L Eskew · Last reported as a director in an SEC filing dated May 3, 2024
  • Khandpur K Ashish · Last reported as Group President in an SEC filing dated Oct 5, 2023
  • Bryan C Hanson · Last reported as Group Pres & CEO Health Care in an SEC filing dated Sep 6, 2023
  • Eric D. Hammes · Last reported as EVP & Chief Count Gov Svc Off in an SEC filing dated May 1, 2023
  • Ahmet Muhtar Kent · Last reported as a director in an SEC filing dated Apr 28, 2023
  • Michael G. Vale · Last reported as Group President in an SEC filing dated Feb 21, 2023
  • Dambisa F Moyo · Last reported as a director in an SEC filing dated May 11, 2022
  • Pamela J. Craig · Last reported as a director in an SEC filing dated May 11, 2022
  • Herbert L Henkel · Last reported as a director in an SEC filing dated May 2, 2022
  • Patricia A Woertz · Last reported as a director in an SEC filing dated May 2, 2022
  • Denise R Rutherford · Last reported as Senior Vice President in an SEC filing dated Aug 3, 2021
  • Ivan K Fong · Last reported as SVP, Gen Counsel & Secretary in an SEC filing dated May 3, 2021
  • Kristen M Ludgate · Last reported as Senior Vice President in an SEC filing dated Apr 22, 2021
  • Veena M Lakkundi · Last reported as Senior Vice President in an SEC filing dated Feb 16, 2021
  • Stephen M Shafer · Last reported as Senior Vice President in an SEC filing dated Jun 3, 2020
  • Paul A Keel · Last reported as Executive Vice President in an SEC filing dated May 6, 2020
  • Ty R Silberhorn · Last reported as Senior Vice President in an SEC filing dated May 5, 2020
  • Edward M Liddy · Last reported as a director in an SEC filing dated May 4, 2020
  • Nicholas C Gangestad · Last reported as Sr. VP & CFO in an SEC filing dated Feb 21, 2020
  • Julie L Bushman · Last reported as Executive Vice President in an SEC filing dated Feb 21, 2020
  • Joaquin Delgado · Last reported as Executive Vice President in an SEC filing dated May 20, 2019
  • Sondra L Barbour · Last reported as a director in an SEC filing dated May 15, 2019
  • Inge G Thulin · Last reported as a director in an SEC filing dated Apr 1, 2019
  • Jon T Lindekugel · Last reported as Senior Vice President in an SEC filing dated Feb 20, 2019
  • Ippocratis Vrohidis · Last reported as Vice President & CAO in an SEC filing dated Feb 20, 2019
  • James L Bauman · Last reported as Executive Vice President in an SEC filing dated Feb 19, 2019
  • Hak Cheol Shin · Last reported as Vice Chair & Exec Vice Pres in an SEC filing dated Feb 1, 2019
  • Marlene Mary McGrath · Last reported as Senior VP - Human Resources in an SEC filing dated Jun 5, 2018
  • Vance D Coffman · Last reported as a director in an SEC filing dated May 10, 2018
  • Frank R Little Jr. · Last reported as Executive Vice President in an SEC filing dated Feb 26, 2018
  • Robert J Ulrich · Last reported as a director in an SEC filing dated May 10, 2017
  • Kimberly F Price · Last reported as Sr Vice President in an SEC filing dated May 8, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

MMM Proposed Insider Sales (Form 144)

Latest: 2026-08-05
Last 30d: 0 filings  ·  Last 90d: 5 filings · $4.3M notice value · 5 unique filers

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Banovetz John Patrick (1, $1.3M) · Rhodes Kevin H (1, $1.3M) · Goralski Christian T JR (1, $836K) · Chavez Rodriguez Beatriz Karina (1, $663K) · Reinseth Theresa E (1, $157K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-05 Chavez Rodriguez Beatriz Karina Officer 3,635 $663.4K 2026-08-05 Fidelity Brokerage Services LLC — EDGAR
2026-07-23 Reinseth Theresa E Officer 924 $156.5K 2026-07-23 Fidelity Brokerage Services LLC — EDGAR
2026-07-23 Banovetz John Patrick Officer 7,880 $1.34M 2026-07-23 Fidelity Brokerage Services LLC — EDGAR
2026-07-22 Goralski Christian T JR Officer 4,902 $835.6K 2026-07-22 Fidelity Brokerage Services LLC — EDGAR
2026-07-22 Rhodes Kevin H Officer 7,669 $1.31M 2026-07-22 Fidelity Brokerage Services LLC — EDGAR
2026-06-10 Murphy Mark W. Former Officer 5,078 $808.0K 2026-06-10 Fidelity Brokerage Services LLC — EDGAR
2026-06-09 Dickson Zoe L Former Officer 5,438 $849.5K 2026-06-09 Fidelity Brokerage Services LLC — EDGAR
2026-02-12 Clarke Victoria Former Officer 1,041 $179.8K 2026-02-12 Fidelity Brokerage Services LLC — EDGAR
2026-02-11 Reinseth Theresa E Officer 5,145 $888.8K 2026-02-11 Fidelity Brokerage Services LLC — EDGAR
2026-02-09 Chavez Rodriguez Beatriz Karina Officer 1,190 $203.6K 2026-02-09 Fidelity Brokerage Services LLC — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-13
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-05-13 0000066740-26-000221 EDGAR
2026-05-06 0000066740-26-000188 EDGAR
2026-04-21 0000066740-26-000171 EDGAR
2026-02-05 0000066740-26-000037 EDGAR
2026-01-20 0000066740-26-000003 EDGAR
2025-10-21 0000066740-25-000086 EDGAR
2025-08-15 0000066740-25-000068 EDGAR
2025-07-18 0000066740-25-000061 EDGAR
2025-05-14 0000066740-25-000052 EDGAR
2025-05-12 0000066740-25-000046 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-03 0000066740-26-000014 EDGAR
2025-02-05 0000066740-25-000006 EDGAR
2024-02-07 0000066740-24-000016 EDGAR
2023-02-08 0000066740-23-000014 EDGAR
2022-02-09 0000066740-22-000010 EDGAR
2021-02-04 0001558370-21-000737 EDGAR
2020-02-06 0001558370-20-000581 EDGAR
2019-02-07 0001558370-19-000470 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-04-21 0000066740-26-000175 EDGAR
2025-10-21 0000066740-25-000089 EDGAR
2025-07-18 0000066740-25-000063 EDGAR
2025-04-22 0000066740-25-000039 EDGAR
2024-10-22 0000066740-24-000101 EDGAR
2024-07-26 0000066740-24-000080 EDGAR
2024-04-30 0000066740-24-000053 EDGAR
2023-10-24 0000066740-23-000092 EDGAR
2023-07-25 0000066740-23-000058 EDGAR
2023-04-25 0000066740-23-000028 EDGAR
ETF Holders
309 ETFs hold MMM
25 shown · $13.07B total exposure · 0.26% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.12% $2.7B — 2026-09-30
2 VOO Vanguard S&P 500 ETF Vanguard 0.13% $2.2B — 2026-09-30
3 IVV iShares Core S&P 500 ETF iShares (BlackRock) 0.13% $1.2B $878.4B 2026-10-21
4 SPY State Street® SPDR® S&P 500® ETF Trust SPDR (State Street) 0.13% $1.1B $820.7B 2026-10-21
5 DIA State Street® SPDR® Dow Jones Industrial Average® ETF Trust SPDR (State Street) 1.96% $897.2M $45.7B 2026-10-21
6 JEPI JPMorgan Equity Premium Income ETF JPMorgan 1.79% $822.2M $45.9B 2026-10-22
7 VTV Vanguard Morningstar Value ETF Vanguard 0.32% $806.2M — 2026-09-30
8 XLI State Street® Industrial Select Sector SPDR® ETF SPDR (State Street) 1.68% $518.4M $30.8B 2026-10-21
9 QUAL iShares MSCI USA Quality Factor ETF iShares (BlackRock) 0.90% $438.6M $48.7B 2026-10-21
10 VYM Vanguard High Dividend Yield ETF Vanguard 0.36% $344.9M — 2026-09-30
11 SPYM State Street® SPDR® Portfolio S&P 500® ETF SPDR (State Street) 0.13% $248.5M $184.5B 2026-10-21
12 RSP Invesco S&P 500 Equal Weight ETF Invesco 0.21% $208.6M — 2026-10-21
13 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.21% $173.6M $84.8B 2026-10-21
14 FTCS First Trust Capital Strength® ETF First Trust 2.10% $163.4M $7.8B 2026-10-21
15 SPHQ Invesco S&P 500 Quality ETF Invesco 0.85% $160.1M — 2026-10-21
16 IVE iShares S&P 500 Value ETF iShares (BlackRock) 0.30% $149.8M $50.7B 2026-10-21
17 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.12% $117.4M $96.2B 2026-10-21
18 SPYV State Street® SPDR® Portfolio S&P 500® Value ETF SPDR (State Street) 0.30% $114.3M $38.4B 2026-10-21
19 DUHP Dimensional US High Profitability ETF Dimensional 0.57% $110.5M — 2026-10-21
20 VIS Vanguard Industrials ETF Vanguard 1.29% $110.2M — 2026-09-30
21 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.12% $105.4M — 2026-10-21
22 VV Vanguard Morningstar Large-Cap ETF Vanguard 0.13% $99.7M — 2026-09-30
23 JGLO JPMorgan Global Select Equity ETF JPMorgan 1.48% $92.8M $6.3B 2026-10-22
24 JGRO JPMorgan Active Growth ETF JPMorgan 0.92% $88.1M $9.6B 2026-10-22
25 SCHX Schwab U.S. Large-Cap ETF Nport 0.12% $85.6M — 2026-05-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$6.71
TTM Revenue
$25.25B
TTM Net Income
$3.54B
TTM Op. Cash Flow
$3.63B
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q3 '262026-09-30$6.58B$1.37B$2.63$486.00M
Q2 '262026-06-30$6.50B$933.00M$1.78$986.00M
Q1 '262026-03-31$6.03B$653.00M$1.23$574.00M
Q4 '252025-12-31$6.13B$577.00M$1.07$1.58B
Q3 '252025-09-30$6.52B$834.00M$1.55$1.76B
Q2 '252025-06-30$6.34B$723.00M$1.34$-954.00M
Q1 '252025-03-31$5.95B$1.12B$2.04$-79.00M
Q4 '242024-12-31$6.01B$728.00M$1.34$1.82B
Q3 '242024-09-30$6.29B$1.37B$2.48$-1.79B
Q2 '242024-06-30$6.25B$1.15B$2.07$1.02B
Q1 '242024-03-31$6.02B$928.00M$1.67$767.00M
Q4 '232023-12-31$6.00B$945.00M$1.71$1.99B
Q3 2026 • period ending 2026-09-30 • filed 2026-10-20
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
31.18
P/B
31.18
P/S
3.72
EV/EBITDA
15.60
EV/Sales
4.04
ROE
99.7%
ROA
8.6%
Div Yield
1.78%
FCF Yield
5.23%
Debt/Equity
3.63
Current Ratio
—
Market Cap
$93.69B
as of 2026-10-22
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
9.68M
SI % of Float
1.88%
Days to Cover
3.14
Short Vol Ratio
56.9%
Free Float
515.41M
Float %
99.9%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-09-23