Traders Sell Shares of Thermo Fisher Scientific Inc (TMO) on Strength (TMO)
Traders sold shares of Thermo Fisher Scientific Inc (NYSE:TMO) on strength during trading hours on Tuesday. $50.53 million flowed into the stock on the tick-up and $69.03 million flowed out of the stock on the tick-down, for a money net flow of $18.50 million out of the stock. Of all stocks tracked, Thermo Fisher Scientific had the 0th highest net out-flow for the day. Thermo Fisher Scientific traded up $0.02 for the day and closed at $186.02
A number of equities research analysts have weighed in on the company. Deutsche Bank AG set a $200.00 price objective on Thermo Fisher Scientific and gave the company a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Thermo Fisher Scientific from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Thursday. Wells Fargo & Company reiterated an “outperform” rating and issued a $200.00 price objective (up previously from $195.00) on shares of Thermo Fisher Scientific in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $175.00 price objective on shares of Thermo Fisher Scientific in a research note on Wednesday, May 17th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Thermo Fisher Scientific in a research note on Friday, July 21st. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $191.94.
The company has a market cap of $74.06 billion, a price-to-earnings ratio of 33.072 and a beta of 1.05. The stock’s 50-day moving average price is $177.72 and its 200-day moving average price is $169.01.
Thermo Fisher Scientific (NYSE:TMO) last announced its earnings results on Wednesday, July 26th. The medical research company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.92 billion. Thermo Fisher Scientific had a return on equity of 15.97% and a net margin of 11.80%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 EPS. On average, equities research analysts forecast that Thermo Fisher Scientific Inc will post $9.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.32%. The ex-dividend date is Thursday, September 14th. Thermo Fisher Scientific’s payout ratio is currently 10.45%.
In other Thermo Fisher Scientific news, Director Jim P. Manzi sold 11,318 shares of Thermo Fisher Scientific stock in a transaction on Friday, August 18th. The stock was sold at an average price of $172.94, for a total transaction of $1,957,334.92. Following the sale, the director now owns 38,757 shares of the company’s stock, valued at approximately $6,702,635.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jim P. Manzi sold 1,000 shares of Thermo Fisher Scientific stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $175.20, for a total value of $175,200.00. Following the sale, the director now directly owns 38,757 shares in the company, valued at approximately $6,790,226.40. The disclosure for this sale can be found here. Insiders have sold a total of 22,738 shares of company stock worth $4,021,512 in the last ninety days. 0.49% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. bought a new stake in Thermo Fisher Scientific during the 2nd quarter valued at $276,000. Griffin Asset Management Inc. bought a new stake in Thermo Fisher Scientific during the 2nd quarter valued at $209,000. Gs Investments Inc. bought a new stake in Thermo Fisher Scientific during the 2nd quarter valued at $3,260,000. Hall Laurie J Trustee raised its stake in Thermo Fisher Scientific by 4.6% during the 2nd quarter. Hall Laurie J Trustee now owns 2,851 shares of the medical research company’s stock valued at $497,000 after acquiring an additional 125 shares in the last quarter. Finally, Atlantic Trust LLC bought a new stake in Thermo Fisher Scientific during the 2nd quarter valued at $138,000. 83.52% of the stock is currently owned by hedge funds and other institutional investors.
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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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