Mairs & Power Comments on 3M

Guru stock highlight

Jan 25, 2022

Summary

A top detractor.

3M (MMM, Financial) also detracted from performance, and we’ve significantly reduced our position in the company. The current management team has struggled to perpetuate 3M’s storied culture of innovation, and it also faces long-term environmental liability issues.

From Mairs and Power (Trades, Portfolio) Growth Fund's fourth-quarter 2021 commentary.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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