Industrial conglomerate and world-renowned dividend stock 3M Company (NYSE: MMM) has suffered a fall from grace that's taken shares over 60% from their highs, last seen in early 2018.

The culprit? An expensive and catastrophic double-whammy of class action lawsuits for defective earplugs used in the military and contaminated drinking water supplies due to PFAS ("forever") chemicals 3M has manufactured for decades. The settlements will combine for at least $16 billion, a financial dark cloud hanging over the company's head.

Now trading near its lowest price since 2010, could the stock beat the broader market moving forward?

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Source Fool.com