King Luther Capital Management Corp Lowers stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : King Luther Capital Management Corp reduced its stake in Thermo Fisher Scientific by 2.16% during the most recent quarter end. The investment management company now holds a total of 1,633,365 shares of Thermo Fisher Scientific which is valued at $241.6 Million after selling 35,990 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on May 12, 2016.Thermo Fisher Scientific makes up approximately 2.39% of King Luther Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Amf Pensionsforsakring Ab boosted its stake in TMO in the latest quarter, The investment management firm added 30,800 additional shares and now holds a total of 509,958 shares of Thermo Fisher Scientific which is valued at $75.4 Million. Thermo Fisher Scientific makes up approx 1.00% of Amf Pensionsforsakring Ab’s portfolio.Findlay Park Partners Llp boosted its stake in TMO in the latest quarter, The investment management firm added 207,151 additional shares and now holds a total of 967,151 shares of Thermo Fisher Scientific which is valued at $143 Million. Thermo Fisher Scientific makes up approx 1.61% of Findlay Park Partners Llp’s portfolio.Congress Asset Management Co boosted its stake in TMO in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 341,719 shares of Thermo Fisher Scientific which is valued at $50.5 Million. Thermo Fisher Scientific makes up approx 1.24% of Congress Asset Management Co’s portfolio.Klingenstein Fields Co reduced its stake in TMO by selling 791 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 41,437 shares of TMO which is valued at $6.1 Million. Thermo Fisher Scientific makes up approx 0.30% of Klingenstein Fields Co’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in TMO in the latest quarter, The investment management firm added 5,085 additional shares and now holds a total of 57,993 shares of Thermo Fisher Scientific which is valued at $8.5 Million. Thermo Fisher Scientific makes up approx 0.23% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Thermo Fisher Scientific opened for trading at $149.35 and hit $150.31 on the upside on Friday, eventually ending the session at $148.85, with a gain of 0.29% or 0.43 points. The heightened volatility saw the trading volume jump to 14,20,931 shares. Company has a market cap of $58,574 M.

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. Company shares were Reiterated by Mizuho on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 166 from a previous price target of $163 .Company shares were Reiterated by Mizuho on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 163 from a previous price target of $160 .Thermo Fisher Scientific was Downgraded by Jefferies to ” Hold” on Apr 29, 2016.

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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