Should First Trust Dow 30 Equal Weight ETF (EDOW) Be on Your Investing Radar?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
0mins
Source: NASDAQ.COM
Overview of First Trust Dow 30 Equal Weight ETF (EDOW): Launched in 2017, EDOW is a passively managed ETF that provides broad exposure to the Large Cap Blend segment of the US equity market, with an expense ratio of 0.50% and a 12-month trailing dividend yield of 1.82%. It has approximately $217.46 million in assets and primarily invests in the Information Technology sector.
Performance and Comparison: As of September 2024, EDOW has increased by about 19.64% over the past year and seeks to match the performance of the Dow Jones Industrial Average Equal Weight Index. It holds a Zacks ETF Rank of 3 (Hold) and is compared to other ETFs like iShares Core S&P 500 ETF and SPDR S&P 500 ETF, which have lower expense ratios and significantly larger asset bases.
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Analyst Views on MMM
Wall Street analysts forecast MMM stock price to rise
11 Analyst Rating
6 Buy
3 Hold
2 Sell
Moderate Buy
Current: 151.240
Low
100.00
Averages
152.00
High
184.00
Current: 151.240
Low
100.00
Averages
152.00
High
184.00
About MMM
3M Company is a diversified technology company. The Company is a manufacturer and marketer of a variety of products and services. The Company’s segments include Safety and Industrial; Transportation and Electronics, and Consumer. Its Safety and Industrial segment includes industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials, and others. Its Transportation and Electronics segment includes advanced ceramic solutions; attachment/bonding, films, sound and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage. Its Consumer segment includes cleaning products for the home; consumer air quality products, and picture hanging accessories. Its brands include 3M Cubitron II abrasives, Scotch-Brite, Filtrete, Command, Scotchgard, Meguiar’s, Nexcare, Post-it and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of XPEL Cash-Secured Options Strategy
- Cash-Secured Options Strategy: Investors can sell XPEL's May 42.5 cash-secured puts at $1.90 per contract, yielding over 4.4% if the stock stays above $42.50, allowing retention of the premium in approximately four weeks.
- Effective Purchase Price: Should the stock fall below $42.50, investors will acquire shares at an effective price of $40.60, representing a 12% discount to the current share price, thus providing a protective strategy amid market fluctuations.
- Company Growth Potential: XPEL forecasts revenue growth of 10.5%-12% over the next two years, with adjusted EPS growth exceeding 20% annually, leading to a reasonable valuation at approximately 21.8x FY2026 estimated EPS of $2.12, indicating solid investment value.
- Market Competition and Risks: While XPEL leads in the protective film market, it faces risks from cyclical downturns in the automotive industry and competition from larger chemical companies like 3M, which may dampen demand and profitability.
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- 3M's Legal Risks: Following the spin-off of its healthcare business, 3M faces collective lawsuits related to PFAS and military earplugs, and despite a 2.1% organic sales growth in 2025, the uncertain legal risks may hinder future growth.
- 3M's High Valuation: Although 3M's price-to-sales, price-to-earnings, and price-to-book ratios are above their five-year averages, reflecting a 10% earnings growth in 2025, the market's concerns over its legal issues are not fully priced in.
- UPS's High Turnaround Costs: UPS is undergoing a business restructuring, and while facing revenue declines, the capital investments in new equipment are expected to lead to an inflection point in 2026, showing signs of improvement.
- UPS's Increased Attractiveness: Compared to 3M, UPS's price-to-sales, price-to-earnings, and price-to-book ratios are below their five-year averages, and with a 6.3% dividend yield, it presents a more attractive investment option, especially for dividend investors.
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- 3M's Transition Challenges: After a difficult transition, 3M spun off its healthcare business Solventum, and while it achieved a 2.1% organic sales growth in 2025, ongoing legal liabilities create an uncertain growth outlook, with stock valuations notably above five-year averages.
- UPS's Restructuring Progress: UPS is undergoing a business turnaround that involves significant upfront capital investments to enhance equipment, leading to revenue declines; however, revenue per piece in the U.S. market is rising, and 2026 is expected to be a pivotal year for growth.
- Investment Attractiveness Comparison: Compared to 3M's 2% dividend yield, UPS offers a more appealing 6.3% yield, and its price-to-earnings and price-to-book ratios are below five-year averages, indicating a cheaper valuation that is attractive for income-seeking investors.
- Legal Risks vs. Market Monitoring: 3M's legal issues are harder to quantify and its stock appears expensive, while UPS's challenges are more manageable and transparent, making it a more attractive option for dividend-focused investors looking for stability.
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- Live Webcast and Replay: The event will be webcast live, with a replay available on 3M's Investor Relations website, ensuring that all stakeholders can access critical information in a timely manner.
- Company Overview: 3M is focused on transforming industries globally by applying science and innovation to solve customer problems, leveraging diverse technology platforms and operational excellence to maintain its market leadership.
- Investor and Media Contacts: Investors can reach out to Diane Farrow at 612-202-2449 for inquiries, while media can use the provided email for additional information, ensuring transparent communication channels.
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3M Announces Live Webcast of Investor Event
- Investor Event Announcement: 3M has announced an investor event scheduled for April 8, 2026, which will be webcast live, allowing global investors to participate in real-time and enhancing interaction and transparency between the company and its investors.
- Customer-Centric Focus: 3M emphasizes its commitment to solving customer problems through science and innovation, showcasing how its multidisciplinary team leverages diverse technology platforms and a global footprint to enhance operational efficiency and strengthen its market position.
- Global Influence: As a global company, 3M is dedicated to driving transformation across various industries by utilizing its unique capabilities and global presence, indicating its leadership position in the industry and commitment to the future.
- Information Access: Investors can access a replay of the event through 3M's Investor Relations website, ensuring that those unable to participate live can still obtain key information, thereby enhancing transparency and the company's image.
See More
Analysis of XPEL Cash-Secured Options Strategy
- Cash-Secured Options Strategy: Investors can sell XPEL's May 42.5 cash-secured puts at $1.90 per contract, yielding over 4.4% if the stock stays above $42.50, allowing retention of the premium in approximately four weeks.
- Effective Purchase Price: Should the stock fall below $42.50, investors will acquire shares at an effective price of $40.60, representing a 12% discount to the current share price, thus providing a protective strategy amid market fluctuations.
- Company Growth Potential: XPEL forecasts revenue growth of 10.5%-12% over the next two years, with adjusted EPS growth exceeding 20% annually, leading to a reasonable valuation at approximately 21.8x FY2026 estimated EPS of $2.12, indicating solid investment value.
- Market Competition and Risks: While XPEL leads in the protective film market, it faces risks from cyclical downturns in the automotive industry and competition from larger chemical companies like 3M, which may dampen demand and profitability.
See More
Investment Outlook for 3M and UPS
- 3M's Legal Risks: Following the spin-off of its healthcare business, 3M faces collective lawsuits related to PFAS and military earplugs, and despite a 2.1% organic sales growth in 2025, the uncertain legal risks may hinder future growth.
- 3M's High Valuation: Although 3M's price-to-sales, price-to-earnings, and price-to-book ratios are above their five-year averages, reflecting a 10% earnings growth in 2025, the market's concerns over its legal issues are not fully priced in.
- UPS's High Turnaround Costs: UPS is undergoing a business restructuring, and while facing revenue declines, the capital investments in new equipment are expected to lead to an inflection point in 2026, showing signs of improvement.
- UPS's Increased Attractiveness: Compared to 3M, UPS's price-to-sales, price-to-earnings, and price-to-book ratios are below their five-year averages, and with a 6.3% dividend yield, it presents a more attractive investment option, especially for dividend investors.
See More
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- 3M's Transition Challenges: After a difficult transition, 3M spun off its healthcare business Solventum, and while it achieved a 2.1% organic sales growth in 2025, ongoing legal liabilities create an uncertain growth outlook, with stock valuations notably above five-year averages.
- UPS's Restructuring Progress: UPS is undergoing a business turnaround that involves significant upfront capital investments to enhance equipment, leading to revenue declines; however, revenue per piece in the U.S. market is rising, and 2026 is expected to be a pivotal year for growth.
- Investment Attractiveness Comparison: Compared to 3M's 2% dividend yield, UPS offers a more appealing 6.3% yield, and its price-to-earnings and price-to-book ratios are below five-year averages, indicating a cheaper valuation that is attractive for income-seeking investors.
- Legal Risks vs. Market Monitoring: 3M's legal issues are harder to quantify and its stock appears expensive, while UPS's challenges are more manageable and transparent, making it a more attractive option for dividend-focused investors looking for stability.
See More
EXCLUSIVE: COMMVault Systems Considering Sale with Assistance from Goldman Sachs Following Takeover Interest, Sources Reveal
Potential Sale Exploration: Commvault Systems is considering a potential sale following interest from Goldman Sachs.
Takeover Interest: The exploration of a sale comes after the company received takeover interest, indicating a shift in its strategic direction.
See More
3M Announces First-Quarter 2026 Earnings Conference Call
- Earnings Call Announcement: 3M has scheduled its first-quarter 2026 earnings conference call for April 21, 2026, at 8 a.m. CT, aimed at providing investors with insights into its latest financial performance and future outlook.
- Live Webcast and Replay: The event will be webcast live, with a replay available on 3M's Investor Relations website, ensuring that all stakeholders can access critical information in a timely manner.
- Company Overview: 3M is focused on transforming industries globally by applying science and innovation to solve customer problems, leveraging diverse technology platforms and operational excellence to maintain its market leadership.
- Investor and Media Contacts: Investors can reach out to Diane Farrow at 612-202-2449 for inquiries, while media can use the provided email for additional information, ensuring transparent communication channels.
See More
3M Announces Live Webcast of Investor Event
- Investor Event Announcement: 3M has announced an investor event scheduled for April 8, 2026, which will be webcast live, allowing global investors to participate in real-time and enhancing interaction and transparency between the company and its investors.
- Customer-Centric Focus: 3M emphasizes its commitment to solving customer problems through science and innovation, showcasing how its multidisciplinary team leverages diverse technology platforms and a global footprint to enhance operational efficiency and strengthen its market position.
- Global Influence: As a global company, 3M is dedicated to driving transformation across various industries by utilizing its unique capabilities and global presence, indicating its leadership position in the industry and commitment to the future.
- Information Access: Investors can access a replay of the event through 3M's Investor Relations website, ensuring that those unable to participate live can still obtain key information, thereby enhancing transparency and the company's image.
See More
