Mckinley Carter Wealth Services buys $2,286,492 stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Mckinley Carter Wealth Services scooped up 881 additional shares in Thermo Fisher Scientific during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 14,657 shares of Thermo Fisher Scientific which is valued at $2,286,492.Thermo Fisher Scientific makes up approximately 1.16% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management boosted its stake in TMO in the latest quarter, The investment management firm added 12,954 additional shares and now holds a total of 278,421 shares of Thermo Fisher Scientific which is valued at $43,433,676. Thermo Fisher Scientific makes up approx 1.87% of Evercore Wealth Management’s portfolio.Artemis Investment Management Llp reduced its stake in TMO by selling 4,498 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 107,245 shares of TMO which is valued at $17,041,231. Thermo Fisher Scientific makes up approx 0.44% of Artemis Investment Management Llp’s portfolio. Cribstone Capital Management added TMO to its portfolio by purchasing 575 company shares during the most recent quarter which is valued at $90,672. Thermo Fisher Scientific makes up approx 0.06% of Cribstone Capital Management’s portfolio. Vigilant Capital Management added TMO to its portfolio by purchasing 143 company shares during the most recent quarter which is valued at $22,550.M. Kraus Co boosted its stake in TMO in the latest quarter, The investment management firm added 187 additional shares and now holds a total of 40,629 shares of Thermo Fisher Scientific which is valued at $6,203,642. Thermo Fisher Scientific makes up approx 3.63% of M. Kraus Co’s portfolio.

Thermo Fisher Scientific opened for trading at $156.62 and hit $157.69 on the upside on Thursday, eventually ending the session at $156.42, with a gain of 0.27% or 0.42 points. The heightened volatility saw the trading volume jump to 8,93,257 shares. Company has a market cap of $61,553 M.

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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