Polaris Greystone Financial Group adds Thermo Fisher Scientific (TMO) to its portfolio

Thermo Fisher Scientific (TMO) : Polaris Greystone Financial Group added new position in Thermo Fisher Scientific during the most recent quarter end. The investment management firm now holds 102,271 shares of Thermo Fisher Scientific which is valued at $15,954,276 , the company said in a statement filed on Aug 2, 2016 with the SEC.Thermo Fisher Scientific makes up approximately 2.43% of Polaris Greystone Financial Group’s portfolio.

Other Hedge Funds, Including , Nippon Life Insurance Co reduced its stake in TMO by selling 1,347 shares or 6.28% in the most recent quarter. The Hedge Fund company now holds 20,092 shares of TMO which is valued at $3,134,352. Thermo Fisher Scientific makes up approx 0.08% of Nippon Life Insurance Co’s portfolio.Greenleaf Trust reduced its stake in TMO by selling 250 shares or 4.54% in the most recent quarter. The Hedge Fund company now holds 5,253 shares of TMO which is valued at $834,387. Thermo Fisher Scientific makes up approx 0.02% of Greenleaf Trust’s portfolio.John G Ullman Associates Inc reduced its stake in TMO by selling 334 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 28,492 shares of TMO which is valued at $4,470,110. Thermo Fisher Scientific makes up approx 0.88% of John G Ullman Associates Inc’s portfolio.Capstone Asset Management Co boosted its stake in TMO in the latest quarter, The investment management firm added 466 additional shares and now holds a total of 8,573 shares of Thermo Fisher Scientific which is valued at $1,327,100. Thermo Fisher Scientific makes up approx 0.04% of Capstone Asset Management Co’s portfolio.

Thermo Fisher Scientific closed down -0.99 points or -0.63% at $156.52 with 8,33,805 shares getting traded on Monday. Post opening the session at $157.44, the shares hit an intraday low of $156.16 and an intraday high of $157.81 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Thermo Fisher Scientific reported $2.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.01. The company had revenue of $4535.20 million for the quarter, compared to analysts expectations of $4493.28 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 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 .

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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