Seaward Management Limited Partnership Lowers stake in THERMO FISHER SCIENTIFIC COM (TMO)

THERMO FISHER SCIENTIFIC COM (TMO) : Seaward Management Limited Partnership reduced its stake in THERMO FISHER SCIENTIFIC COM by 4.98% during the most recent quarter end. The investment management company now holds a total of 319,576 shares of THERMO FISHER SCIENTIFIC COM which is valued at $46,929,736 after selling 16,743 shares in THERMO FISHER SCIENTIFIC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.THERMO FISHER SCIENTIFIC COM makes up approximately 2.50% of Seaward Management Limited Partnership’s portfolio.

THERMO FISHER SCIENTIFIC COM opened for trading at $145.61 and hit $147.7521 on the upside on Wednesday, eventually ending the session at $147.14, with a gain of 1.05% or 1.53 points. The heightened volatility saw the trading volume jump to 14,97,750 shares. Company has a market cap of $58,306 M.

Other Hedge Funds, Including , Alta Capital Management boosted its stake in TMO in the latest quarter, The investment management firm added 7,505 additional shares and now holds a total of 284,672 shares of THERMO FISHER SCIENTIFIC COM which is valued at $41,804,083. THERMO FISHER SCIENTIFIC COM makes up approx 2.55% of Alta Capital Management’s portfolio.Private Trust Co Na boosted its stake in TMO in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 6,359 shares of THERMO FISHER SCIENTIFIC COM which is valued at $933,819. THERMO FISHER SCIENTIFIC COM makes up approx 0.25% of Private Trust Co Na’s portfolio.Premier Asset Managment reduced its stake in TMO by selling 1,195 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 86,640 shares of TMO which is valued at $12,723,084. THERMO FISHER SCIENTIFIC COM makes up approx 3.23% of Premier Asset Managment’s portfolio.Neville Rodie Shaw Inc reduced its stake in TMO by selling 824 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 129,930 shares of TMO which is valued at $18,884,026. THERMO FISHER SCIENTIFIC COM makes up approx 2.26% of Neville Rodie Shaw Inc’s portfolio.Chelsea Counsel Co reduced its stake in TMO by selling 4,110 shares or 7.73% in the most recent quarter. The Hedge Fund company now holds 49,073 shares of TMO which is valued at $6,951,681. THERMO FISHER SCIENTIFIC COM makes up approx 2.01% of Chelsea Counsel Co’s portfolio.

On the company’s financial health, THERMO FISHER SCIENTIFIC COM 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 COM. 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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