Thermo Fisher Scientific (TMO) : Global Thematic Partners reduced its stake in Thermo Fisher Scientific by 12.53% during the most recent quarter end. The investment management company now holds a total of 1,031,612 shares of Thermo Fisher Scientific which is valued at $148,810,031 after selling 147,794 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Thermo Fisher Scientific makes up approximately 3.10% of Global Thematic Partners’s portfolio.
Thermo Fisher Scientific opened for trading at $145.01 and hit $146.7699 on the upside on Monday, eventually ending the session at $146.5, with a gain of 1.56% or 2.25 points. The heightened volatility saw the trading volume jump to 15,37,092 shares. Company has a market cap of $58,052 M.
Other Hedge Funds, Including , Quantres Asset Management Ltd added TMO to its portfolio by purchasing 4,100 company shares during the most recent quarter which is valued at $602,085. Thermo Fisher Scientific makes up approx 0.56% of Quantres Asset Management Ltd’s portfolio. 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.
On the company’s financial health, Thermo Fisher Scientific reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.74. The company had revenue of $4294.80 million for the quarter, compared to analysts expectations of $4113.28 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS.
Many Wall Street Analysts have commented on Thermo Fisher Scientific. Thermo Fisher Scientific was Downgraded by Jefferies to ” Hold” on Apr 29, 2016. 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.