Traders sold shares of Thermo Fisher Scientific Inc. (NYSE:TMO) on strength during trading hours on Tuesday. $42.73 million flowed into the stock on the tick-up and $60.90 million flowed out of the stock on the tick-down, for a money net flow of $18.17 million out of the stock. Of all equities tracked, Thermo Fisher Scientific had the 0th highest net out-flow for the day. Thermo Fisher Scientific traded up $1.91 for the day and closed at $158.89

A number of research analysts have commented on the company. Zacks Investment Research raised Thermo Fisher Scientific from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research report on Tuesday, May 3rd. Mizuho reaffirmed a “buy” rating and set a $163.00 price target (up previously from $160.00) on shares of Thermo Fisher Scientific in a research report on Tuesday, May 3rd. Leerink Swann reaffirmed a “buy” rating on shares of Thermo Fisher Scientific in a research report on Saturday, April 30th. Morgan Stanley reaffirmed a “buy” rating on shares of Thermo Fisher Scientific in a research report on Saturday, April 30th. Finally, Jefferies Group lowered Thermo Fisher Scientific from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Thermo Fisher Scientific presently has an average rating of “Buy” and a consensus price target of $157.25.

The firm has a market cap of $62.53 billion and a price-to-earnings ratio of 31.98. The company’s 50 day moving average is $151.36 and its 200 day moving average is $142.79.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, September 13th.

In other news, CAO Peter E. Hornstra sold 7,811 shares of Thermo Fisher Scientific stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $150.00, for a total transaction of $1,171,650.00. Following the completion of the sale, the chief accounting officer now owns 21,246 shares of the company’s stock, valued at $3,186,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jim P. Manzi sold 1,137 shares of Thermo Fisher Scientific stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $153.00, for a total transaction of $173,961.00. Following the sale, the director now directly owns 38,733 shares of the company’s stock, valued at approximately $5,926,149. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of TMO. Utah Retirement Systems increased its position in shares of Thermo Fisher Scientific by 0.3% in the fourth quarter. Utah Retirement Systems now owns 71,534 shares of the company’s stock worth $10,147,000 after buying an additional 200 shares during the period. Westfield Capital Management Co. LP increased its position in shares of Thermo Fisher Scientific by 12.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 728,429 shares of the company’s stock worth $103,328,000 after buying an additional 78,445 shares during the period. Nicholas Co. Inc. WI increased its position in shares of Thermo Fisher Scientific by 3.1% in the fourth quarter. Nicholas Co. Inc. WI now owns 1,045,489 shares of the company’s stock worth $148,302,000 after buying an additional 31,830 shares during the period. KBC Group NV increased its position in shares of Thermo Fisher Scientific by 84.4% in the fourth quarter. KBC Group NV now owns 122,703 shares of the company’s stock worth $17,405,000 after buying an additional 56,169 shares during the period. Finally, Employees Retirement System of Texas increased its position in shares of Thermo Fisher Scientific by 21.1% in the fourth quarter. Employees Retirement System of Texas now owns 52,800 shares of the company’s stock worth $7,490,000 after buying an additional 9,200 shares during the period.

Thermo Fisher Scientific Inc develops, manufactures and sells a range of products. The Company is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.

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