Thermo Fisher Scientific (TMO) : First Western Capital Management Co reduced its stake in Thermo Fisher Scientific by 15.66% during the most recent quarter end. The investment management company now holds a total of 43,648 shares of Thermo Fisher Scientific which is valued at $6,409,709 after selling 8,105 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Thermo Fisher Scientific makes up approximately 2.24% of First Western Capital Management Co’s portfolio.
Thermo Fisher Scientific closed down -0.5 points or -0.34% at $146.85 with 10,14,583 shares getting traded on Friday. Post opening the session at $147.47, the shares hit an intraday low of $145.6401 and an intraday high of $147.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Watch Point Trust Co boosted its stake in TMO in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 5,523 shares of Thermo Fisher Scientific which is valued at $811,053. Thermo Fisher Scientific makes up approx 0.71% of Watch Point Trust Co’s portfolio.Reinhart Partners reduced its stake in TMO by selling 1,665 shares or 34.29% in the most recent quarter. The Hedge Fund company now holds 3,190 shares of TMO which is valued at $468,452. Thermo Fisher Scientific makes up approx 0.05% of Reinhart Partners’s portfolio.Howland Capital Management boosted its stake in TMO in the latest quarter, The investment management firm added 5,529 additional shares and now holds a total of 124,466 shares of Thermo Fisher Scientific which is valued at $18,089,888. Thermo Fisher Scientific makes up approx 1.82% of Howland Capital Management’s portfolio.Central Bank Trust Co boosted its stake in TMO in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 233 shares of Thermo Fisher Scientific which is valued at $33,864. Thermo Fisher Scientific makes up approx 0.01% of Central Bank Trust Co’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.