HON - 3M's Sales Growth Slowed But The Investment Thesis Remains The Same
3M’s (MMM) stock price dropped recently as low as the mid-$180s in late October and concurrently the dividend yield increased to almost 3%, but the investment thesis for dividend growth investors has not changed. 3M reported slowing sales growth and also missed revenue and EPS estimates. In addition the company reduced its EPS guidance. The stock dropped in response to the earnings release. But 3M is a company many small investors should be interested in due to its ability to grow revenue and EPS over time and in turn successfully grow its dividend