Thermo Fisher Scientific (TMO) : Pillar Pacific Capital Management scooped up 774 additional shares in Thermo Fisher Scientific during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 57,755 shares of Thermo Fisher Scientific which is valued at $8,488,252.Thermo Fisher Scientific makes up approximately 1.48% of Pillar Pacific Capital Management’s portfolio.
Other Hedge Funds, Including , Badgley Phelps Bell Inc reduced its stake in TMO by selling 502 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 86,637 shares of TMO which is valued at $12,733,040. Thermo Fisher Scientific makes up approx 1.20% of Badgley Phelps Bell Inc’s portfolio.Integrated Wealth Management reduced its stake in TMO by selling 264 shares or 13.89% in the most recent quarter. The Hedge Fund company now holds 1,637 shares of TMO which is valued at $240,393. Thermo Fisher Scientific makes up approx 0.10% of Integrated Wealth Management’s portfolio.Community Bank N.a. reduced its stake in TMO by selling 90 shares or 19.35% in the most recent quarter. The Hedge Fund company now holds 375 shares of TMO which is valued at $55,069. Thermo Fisher Scientific makes up approx 0.01% of Community Bank N.a.’s portfolio.
Thermo Fisher Scientific opened for trading at $148.36 and hit $148.8899 on the upside on Tuesday, eventually ending the session at $148.83, with a gain of 0.93% or 1.37 points. The heightened volatility saw the trading volume jump to 14,71,477 shares. Company has a market cap of $58,566 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.
Many Wall Street Analysts have commented on Thermo Fisher Scientific. 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 was Downgraded by Jefferies to ” Hold” on Apr 29, 2016. 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 .
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.