State Treasurer State Of Michigan Lowers stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : State Treasurer State Of Michigan reduced its stake in Thermo Fisher Scientific by 11.96% during the most recent quarter end. The investment management company now holds a total of 836,703 shares of Thermo Fisher Scientific which is valued at $130,525,668 after selling 113,700 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Thermo Fisher Scientific makes up approximately 0.99% of State Treasurer State Of Michigan’s portfolio.

Other Hedge Funds, Including , Wall Street Access Asset Management reduced its stake in TMO by selling 800 shares or 34.78% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of TMO which is valued at $234,000. Thermo Fisher Scientific makes up approx 0.14% of Wall Street Access Asset Management’s portfolio.Btc Capital Management reduced its stake in TMO by selling 1,963 shares or 5.26% in the most recent quarter. The Hedge Fund company now holds 35,323 shares of TMO which is valued at $5,510,388. Thermo Fisher Scientific makes up approx 1.16% of Btc Capital Management’s portfolio.Umb Bank N Amo reduced its stake in TMO by selling 1,946 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 58,178 shares of TMO which is valued at $9,244,484. Thermo Fisher Scientific makes up approx 0.38% of Umb Bank N Amo’s portfolio.Burns J W Co Incny reduced its stake in TMO by selling 35 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 14,817 shares of TMO which is valued at $2,327,010. Thermo Fisher Scientific makes up approx 0.69% of Burns J W Co Incny’s portfolio.Cryder Capital Partners Llp boosted its stake in TMO in the latest quarter, The investment management firm added 12,013 additional shares and now holds a total of 124,924 shares of Thermo Fisher Scientific which is valued at $19,338,235. Thermo Fisher Scientific makes up approx 14.85% of Cryder Capital Partners Llp’s portfolio.

Thermo Fisher Scientific closed down -0.99 points or -0.63% at $156.52 with 8,33,805 shares getting traded on Monday. Post opening the session at $157.44, the shares hit an intraday low of $156.16 and an intraday high of $157.81 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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