3M Company (MMM): “I Was Surprised” By The Organic Growth Rate, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Talked About. 3M Company (NYSE:MMM) is one of the stocks Jim Cramer recently discussed.

3M Company (NYSE:MMM) is one of the largest industrial conglomerates in the world. Its shares have gained 16.7% year-to-date as part of a bullish run in industrial stocks that Cramer has commented on several times. In his previous remarks about 3M Company (NYSE:MMM), the CNBC host pointed out that the firm is benefiting from strong leadership and insulation from tariffs. However, the shares have lost 4.9% since its latest earnings report despite the firm further reducing the estimated impacts from tariffs. Here’s what Cramer said about 3M Company (NYSE:MMM) earnings:

“Now you could have estimates go up and up that you end up . . .And those, 3M, where you just say you know what, they moved up, moved up, moved up. But we have a lot of catch-up upgrades today. Catch-up price target bumps.”

“3M was, I was surprised the organic growth rate was a little disappointing. . . And they feel that 3M didn’t have the number.”

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Previously, Cramer shared his thoughts about how 3M Company (NYSE:MMM) was part of a broader bull market in industrial stocks:

“Now the industrials have been on fire. The part of this broadened out bull market and one of my absolute favorites is 3M, which is beginning to remind me of the old 3M, where the question was simply how big the beat will be. CEO Bill Brown is crushing it, and this one’s been greeted with buying both before and after the conference call.”

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Disclosure: None. This article is originally published at Insider Monkey.