3M (MMM) stock surged 5.31% in pre-market trading on Monday, as investors responded positively to the company's strong performance in key business segments and optimistic growth prospects. The industrial conglomerate has been showing resilience in its core markets, despite facing challenges in some areas of its diverse portfolio.

The surge in 3M's stock price can be attributed to several factors. The company's Safety and Industrial segment has been witnessing solid momentum, driven by strength in roofing granules and electrical markets. Additionally, the Transportation and Electronics segment is benefiting from robust demand in the aerospace and electronics end markets. These positive trends have bolstered investor confidence in 3M's ability to navigate current market conditions and drive growth.

Furthermore, 3M's commitment to shareholder returns through consistent dividend payments and share buybacks has likely contributed to the stock's attractiveness. The company paid $2 billion in dividends and repurchased $1.8 billion worth of shares in 2024, with plans to continue this trend in 2025. While 3M faces challenges in its consumer retail markets and ongoing litigation issues, the market appears to be focusing on the company's strengths and potential for earnings growth in 2025, as indicated by current analyst estimates.