Thermo Fisher Scientific Inc (TMO) Shares Bought by Barnett & Company Inc.

Barnett & Company Inc. increased its position in shares of Thermo Fisher Scientific Inc (NYSE:TMO) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 27,796 shares of the medical research company’s stock after buying an additional 230 shares during the period. Thermo Fisher Scientific makes up 2.3% of Barnett & Company Inc.’s holdings, making the stock its 4th largest position. Barnett & Company Inc.’s holdings in Thermo Fisher Scientific were worth $4,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMO. State of Wisconsin Investment Board raised its position in shares of Thermo Fisher Scientific by 11.6% in the first quarter. State of Wisconsin Investment Board now owns 504,723 shares of the medical research company’s stock worth $77,525,000 after buying an additional 52,549 shares in the last quarter. Grand Jean Capital Management Inc. raised its position in shares of Thermo Fisher Scientific by 31.8% in the first quarter. Grand Jean Capital Management Inc. now owns 111,924 shares of the medical research company’s stock worth $17,192,000 after buying an additional 26,981 shares in the last quarter. CIBC World Markets Inc. raised its position in shares of Thermo Fisher Scientific by 1,688.0% in the first quarter. CIBC World Markets Inc. now owns 154,414 shares of the medical research company’s stock worth $23,718,000 after buying an additional 145,778 shares in the last quarter. Pioneer Investment Management Inc. raised its position in shares of Thermo Fisher Scientific by 1.6% in the first quarter. Pioneer Investment Management Inc. now owns 2,219,085 shares of the medical research company’s stock worth $340,851,000 after buying an additional 34,012 shares in the last quarter. Finally, Sawtooth Solutions LLC raised its position in shares of Thermo Fisher Scientific by 12.0% in the first quarter. Sawtooth Solutions LLC now owns 6,491 shares of the medical research company’s stock worth $997,000 after buying an additional 696 shares in the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Thermo Fisher Scientific Inc (NYSE:TMO) opened at 173.23 on Tuesday. The firm has a 50-day moving average of $172.96 and a 200-day moving average of $157.13. Thermo Fisher Scientific Inc has a 1-year low of $139.07 and a 1-year high of $176.92. The stock has a market capitalization of $67.77 billion, a price-to-earnings ratio of 31.60 and a beta of 1.05.

Thermo Fisher Scientific (NYSE:TMO) last released its earnings results on Wednesday, April 26th. The medical research company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.68 billion. Thermo Fisher Scientific had a net margin of 11.58% and a return on equity of 15.73%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. Equities research analysts anticipate that Thermo Fisher Scientific Inc will post $9.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Thursday, June 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Tuesday, June 13th. Thermo Fisher Scientific’s dividend payout ratio (DPR) is currently 10.95%.

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A number of research analysts recently weighed in on the stock. Deutsche Bank AG set a $200.00 price target on shares of Thermo Fisher Scientific and gave the company a “buy” rating in a research note on Saturday, June 10th. Cantor Fitzgerald assumed coverage on shares of Thermo Fisher Scientific in a research note on Thursday, May 18th. They issued an “overweight” rating and a $194.00 price target on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 price target on shares of Thermo Fisher Scientific in a research note on Wednesday, May 17th. Barclays PLC reaffirmed an “overweight” rating and issued a $190.00 price target (up from $175.00) on shares of Thermo Fisher Scientific in a research note on Tuesday, May 9th. Finally, Bank of America Corporation raised their price target on shares of Thermo Fisher Scientific from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Thermo Fisher Scientific presently has an average rating of “Buy” and an average price target of $183.47.

In other news, CFO Stephen Williamson sold 2,500 shares of Thermo Fisher Scientific stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $176.26, for a total value of $440,650.00. Following the transaction, the chief financial officer now directly owns 37,790 shares of the company’s stock, valued at $6,660,865.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas W. Loewald sold 1,532 shares of Thermo Fisher Scientific stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $168.76, for a total transaction of $258,540.32. Following the completion of the transaction, the insider now directly owns 41,277 shares in the company, valued at $6,965,906.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,720 shares of company stock worth $4,960,764. 0.49% of the stock is currently owned by insiders.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc develops, manufactures and sells a range of products. The Company provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. It operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.

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Institutional Ownership by Quarter for Thermo Fisher Scientific (NYSE:TMO)

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