Thermo Fisher Scientific Inc (TMO) Position Cut by Day & Ennis LLC
Day & Ennis LLC reduced its position in shares of Thermo Fisher Scientific Inc (NYSE:TMO) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 1,956 shares of the medical research company’s stock after selling 14 shares during the period. Day & Ennis LLC’s holdings in Thermo Fisher Scientific were worth $300,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. BB&T Securities LLC increased its stake in Thermo Fisher Scientific by 4.4% in the first quarter. BB&T Securities LLC now owns 89,837 shares of the medical research company’s stock worth $13,798,000 after buying an additional 3,819 shares during the period. Toronto Dominion Bank increased its stake in Thermo Fisher Scientific by 53.5% in the first quarter. Toronto Dominion Bank now owns 107,099 shares of the medical research company’s stock worth $16,450,000 after buying an additional 37,307 shares during the period. Tompkins Financial Corp increased its stake in Thermo Fisher Scientific by 0.8% in the first quarter. Tompkins Financial Corp now owns 5,183 shares of the medical research company’s stock worth $733,000 after buying an additional 40 shares during the period. Huntington National Bank increased its stake in Thermo Fisher Scientific by 6.9% in the first quarter. Huntington National Bank now owns 186,907 shares of the medical research company’s stock worth $28,708,000 after buying an additional 12,025 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Thermo Fisher Scientific by 1.1% in the first quarter. Advisors Asset Management Inc. now owns 66,308 shares of the medical research company’s stock worth $10,185,000 after buying an additional 735 shares during the period. 87.15% of the stock is owned by institutional investors.
Shares of Thermo Fisher Scientific Inc (TMO) traded up 0.87% on Friday, hitting $173.23. The stock had a trading volume of 2,202,642 shares. The company’s 50-day moving average price is $176.78 and its 200 day moving average price is $165.46. Thermo Fisher Scientific Inc has a 12-month low of $139.07 and a 12-month high of $182.87. The firm has a market cap of $67.58 billion, a P/E ratio of 30.18 and a beta of 1.06.
Thermo Fisher Scientific (NYSE:TMO) last announced its quarterly earnings data on Wednesday, July 26th. The medical research company reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.03. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.92 billion. Thermo Fisher Scientific had a return on equity of 15.97% and a net margin of 11.80%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.03 earnings per share. On average, equities research analysts forecast that Thermo Fisher Scientific Inc will post $9.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. Thermo Fisher Scientific’s dividend payout ratio (DPR) is 10.45%.
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TMO has been the subject of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on Thermo Fisher Scientific in a report on Thursday, May 18th. They issued an “overweight” rating and a $194.00 target price for the company. Barclays PLC set a $175.00 target price on Thermo Fisher Scientific and gave the company a “buy” rating in a report on Wednesday, April 26th. Cowen and Company reissued an “outperform” rating and issued a $185.00 target price (up previously from $175.00) on shares of Thermo Fisher Scientific in a report on Saturday, April 29th. Citigroup Inc. reissued a “buy” rating and issued a $201.00 target price (up previously from $182.00) on shares of Thermo Fisher Scientific in a report on Monday, July 10th. Finally, BidaskClub raised Thermo Fisher Scientific from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $188.56.
In other news, CFO Stephen Williamson sold 2,500 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $176.26, for a total value of $440,650.00. Following the completion of the sale, the chief financial officer now owns 37,790 shares in the company, valued at $6,660,865.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel P. Shine sold 4,688 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $171.88, for a total value of $805,773.44. Following the completion of the sale, the insider now owns 29,200 shares of the company’s stock, valued at approximately $5,018,896. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,188 shares of company stock valued at $4,702,223. Insiders own 0.49% of the company’s stock.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc develops, manufactures and sells a range of products. The Company provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. It operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.
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