As of the 2nd quarter of this year, Bank Julius Baer & Co. Ltd Zurich has significantly increased its holdings in shares of 3M (NYSE:MMM), according to the company’s recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns a staggering 39,317,632 shares of the conglomerate’s stock, representing a boost of […] The post Bank Julius Baer & Co. Ltd Zurich Shows Confidence in 3M with Significant Increase in Shareholdings appeared first on Best Stocks .

The industrial conglomerate expects its slow growth to continue.

The industrial conglomerate expects its slow growth to continue.

Shares of 3M Co. MMM took a 3.8% hit Monday, enough to lead the Dow Jones Industrial Average’s DJIA losers, as they continued to feel the weight of investor concerns over PFAS (per- and polyfluoroalkyl substances) exposure. The stock, which was headed for the 11th decline over the past 12 sessions, was on track for the lowest close since Nov. 21, 2012, according to Dow Jones Market Data. The stock’s selloff resumed Monday after it edged up 0.4% on Friday to snap a 10-day losing streak, which was the longest such streak since the 10-day stretch that ended Feb. 24, 2022. The extended selloff comes after the company said last week that it had idled all manufacturing of PFAS, or “forever chemicals,” at a plant in Belgium as it worked to fully exit PFAS manufacturing by the end of 2025. Back in June, 3M had said it would pay $10.3 billion to settle all claims it was responsible for forever chemicals in drinking water in the U.S. In August, the company had agreed to pay $6 billion to settle claims that it sold potentially faulty ear protection to the U.S. military.

Despite strong adjusted FCF conversion and a well-diversified business model, 3M''s performance has disappointed. Read why MMM stock should be avoided for now.

The "Europe Packaging Adhesives Sealants Market Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com''s offering. The Europe packaging adhesives sealants market was valued at…

The manufacturing sector is one of the pillars of the global economy, producing goods and services that are essential for various industries and consumers. However, the sector is facing multiple challenges in 2023, as the worsened economic outlook, rising geopolitical risks, and volatility in the energy and commodities markets will put pressure on manufacturers’ performances. This pressure has led to the emergence of manufacturing stocks to sell. In this deteriorating global context, not all manufacturing stocks are created equal. Some may have strong fundamentals and competitive advantages that can help them weather the storm, while others may be vulnerable to external shocks and internal weaknesses that can erode their value. Here are three manufacturing stocks that are ticking time bombs in September 2023, and why investors should avoid them. General Motors (GM) Source: Linda Parton / Shutterstock.com General Motors (NYSE: GM ) is one of the largest automakers in the world but has been in some unflattering headlines recently.

3M Company''s stock is trading significantly below its all-time high, down 22% year-to-date. Click here to read more about MMM.

The Dow 30 is a select group of stocks representing prominent companies in a variety of industries and sectors. A common characteristic of Dow stocks is their status as blue-chip stocks. Since blue-chip stocks are known for their stability, Dow stocks wouldn’t normally be on a list of stocks to sell. However, many of the stocks on the list do serve as proxies for the broader market. And with all the volatility in the market today, it’s not surprising that some of these 30 stocks might not be great buys. The bottom line is these are buy-and-hold stocks in a market tough for buy-and-hold investors. If you’re looking to take a nimbler approach, here are three Dow stocks you may want to part company with until there is more clarity on the stock’s outlook. International Business Machines (IBM) Source: shutterstock.com/LCV One thing you can say about the performance of International Business Machines (NYSE: IBM ) stock. It’s been consistent. IBM stock has been range-bound for much of the last 10 years.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga''s extensive database of analyst ratings, including by analyst accuracy. Here''s a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga''s Analyst Stock Ratings . Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. 3M Company (NYSE: MMM ) Dividend Yield: 6.44% Morgan … Full story available on Benzinga.com