Lathrop Investment Management Corp buys $14,656,848 stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Lathrop Investment Management Corp scooped up 410 additional shares in Thermo Fisher Scientific during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 93,326 shares of Thermo Fisher Scientific which is valued at $14,656,848.Thermo Fisher Scientific makes up approximately 4.38% of Lathrop Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Churchill Management Corp boosted its stake in TMO in the latest quarter, The investment management firm added 21,218 additional shares and now holds a total of 30,496 shares of Thermo Fisher Scientific which is valued at $4,656,434. Thermo Fisher Scientific makes up approx 0.30% of Churchill Management Corp’s portfolio.Cohen Lawrence B boosted its stake in TMO in the latest quarter, The investment management firm added 3,945 additional shares and now holds a total of 14,040 shares of Thermo Fisher Scientific which is valued at $2,143,768. Thermo Fisher Scientific makes up approx 1.26% of Cohen Lawrence B’s portfolio.Next Financial Group Inc boosted its stake in TMO in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 3,515 shares of Thermo Fisher Scientific which is valued at $536,705. Thermo Fisher Scientific makes up approx 0.17% of Next Financial Group Inc’s portfolio.

Thermo Fisher Scientific opened for trading at $156.65 and hit $157.325 on the upside on Monday, eventually ending the session at $157.05, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 10,98,933 shares. Company has a market cap of $61,801 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.

Investors should note that on Jul 7, 2016, Thermo Fisher Scientific announced a cash dividend of $0.1500. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on Thermo Fisher Scientific. Company shares were Reiterated by Mizuho on May 27, 2016 to “Buy”, Firm has raised the Price Target to $ 170 from a previous price target of $166 .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 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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