5 Best Dow Dividend Stocks to Double Your Income

4. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 41

Dividend Yield: 3.9%

3M Company (NYSE:MMM) is a diversified technology company operating through its Safety and Industrial; Transportation and Electronics; Health Care; and Consumer segments. The company offers a diverse range of products, from industrial abrasives to filtration and purification systems.

Wells Fargo holds an Equal Weight rating on shares of 3M Company (NYSE:MMM) as of this February.

The company’s EPS in the fiscal fourth quarter of 2021 was $2.31, beating estimates by $0.3. The revenue was $8.6 billion, also beating estimates by $31.6 million.

Our fourth quarter 2021 hedge fund data shows 41 hedge funds out of 924 hedge funds holding stakes in 3M Company (NYSE:MMM). Their total stake value was $1.6 billion. In the previous quarter, 46 hedge funds held stakes in the company worth $1.6 billion then as well.