Gofen Glossberg Il Lowers stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Gofen Glossberg Il reduced its stake in Thermo Fisher Scientific by 0.22% during the most recent quarter end. The investment management company now holds a total of 375,520 shares of Thermo Fisher Scientific which is valued at $54,578,077 after selling 830 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Thermo Fisher Scientific makes up approximately 2.30% of Gofen Glossberg Il’s portfolio.

Thermo Fisher Scientific opened for trading at $144.62 and hit $145.47 on the upside on Friday, eventually ending the session at $145.34, with a gain of 0.50% or 0.72 points. The heightened volatility saw the trading volume jump to 8,34,720 shares. Company has a market cap of $57,593 M.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in TMO in the latest quarter, The investment management firm added 12,150 additional shares and now holds a total of 91,144 shares of Thermo Fisher Scientific which is valued at $13,246,869. Thermo Fisher Scientific makes up approx 0.30% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio. Catawba Capital Management Va added TMO to its portfolio by purchasing 1,502 company shares during the most recent quarter which is valued at $212,773. Thermo Fisher Scientific makes up approx 0.05% of Catawba Capital Management Va’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.

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