Chesley Taft Associates Lowers stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Chesley Taft Associates reduced its stake in Thermo Fisher Scientific by 2.14% during the most recent quarter end. The investment management company now holds a total of 54,772 shares of Thermo Fisher Scientific which is valued at $8,309,460 after selling 1,200 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Thermo Fisher Scientific makes up approximately 0.85% of Chesley Taft Associates’s portfolio.

Other Hedge Funds, Including , Forte Capital Adv reduced its stake in TMO by selling 400 shares or 4.07% in the most recent quarter. The Hedge Fund company now holds 9,418 shares of TMO which is valued at $1,431,819. Thermo Fisher Scientific makes up approx 0.55% of Forte Capital Adv’s portfolio.Bristlecone Advisors reduced its stake in TMO by selling 500 shares or 9.08% in the most recent quarter. The Hedge Fund company now holds 5,005 shares of TMO which is valued at $775,275. Thermo Fisher Scientific makes up approx 0.28% of Bristlecone Advisors’s portfolio.Burns J W Co Incny boosted its stake in TMO in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 15,007 shares of Thermo Fisher Scientific which is valued at $2,375,308. Thermo Fisher Scientific makes up approx 0.74% of Burns J W Co Incny’s portfolio.Telemus Capital boosted its stake in TMO in the latest quarter, The investment management firm added 1,625 additional shares and now holds a total of 26,242 shares of Thermo Fisher Scientific which is valued at $4,153,584. Thermo Fisher Scientific makes up approx 0.46% of Telemus Capital’s portfolio.

Thermo Fisher Scientific closed down -0.32 points or -0.21% at $151.71 with 14,77,936 shares getting traded on Friday. Post opening the session at $152.89, the shares hit an intraday low of $151.5 and an intraday high of $152.93 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on Thermo Fisher Scientific. JP Morgan Resumed Thermo Fisher Scientific on Sep 22, 2016 to “Overweight”, Price Target of the shares are set at $180.Thermo Fisher Scientific was Downgraded by Cleveland Research to ” Neutral” on Sep 9, 2016.

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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