Coastline Trust Co Lowers stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Coastline Trust Co reduced its stake in Thermo Fisher Scientific by 1.76% during the most recent quarter end. The investment management company now holds a total of 40,770 shares of Thermo Fisher Scientific which is valued at $5,925,512 after selling 729 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Thermo Fisher Scientific makes up approximately 1.25% of Coastline Trust Co’s portfolio.

Thermo Fisher Scientific opened for trading at $146.12 and hit $147.77 on the upside on Wednesday, eventually ending the session at $147.35, with a gain of 0.62% or 0.91 points. The heightened volatility saw the trading volume jump to 13,29,224 shares. Company has a market cap of $58,389 M.

Other Hedge Funds, Including , Swarthmore Group Inc added TMO to its portfolio by purchasing 166,800 company shares during the most recent quarter which is valued at $24,242,712. Thermo Fisher Scientific makes up approx 3.66% of Swarthmore Group Inc’s portfolio.Webster Bank N. A. boosted its stake in TMO in the latest quarter, The investment management firm added 934 additional shares and now holds a total of 30,387 shares of Thermo Fisher Scientific which is valued at $4,416,447. Thermo Fisher Scientific makes up approx 0.68% of Webster Bank N. A.’s portfolio.British Columbia Investment Management Corp reduced its stake in TMO by selling 23,771 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 255,409 shares of TMO which is valued at $36,181,239. Thermo Fisher Scientific makes up approx 0.34% of British Columbia Investment Management Corp’s portfolio.Graybill Bartz Assoc Ltd boosted its stake in TMO in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 26,970 shares of Thermo Fisher Scientific which is valued at $3,820,570. Thermo Fisher Scientific makes up approx 3.50% of Graybill Bartz Assoc Ltd’s portfolio.

On the company’s financial health, Thermo Fisher Scientific reported $2.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $2.11. The company had revenue of $4652.50 million for the quarter, compared to analysts expectations of $4551.79 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 EPS.

Many Wall Street Analysts have commented on Thermo Fisher Scientific. Company shares were Reiterated by Mizuho on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $150 .Company shares were Reiterated by Topeka Capital Markets on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 155 from a previous price target of $145 .

Thermo Fisher Scientific Inc. 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 provides reagents instruments and consumables used in biological and medical research discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments provides instruments consumables software and services that are used in the laboratory; Specialty Diagnostics offers diagnostic test kits reagents culture media instruments and associated products and Laboratory Products and Services offers self-manufactured and sourced products for the laboratory.

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