Fjarde Ap-fonden Fourth Swedish National Pension Fund buys $14,078,536 stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 1,697 additional shares in Thermo Fisher Scientific during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 92,799 shares of Thermo Fisher Scientific which is valued at $14,078,536.Thermo Fisher Scientific makes up approximately 0.31% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in TMO by selling 37,585 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 1,769,371 shares of TMO which is valued at $274,075,568. Thermo Fisher Scientific makes up approx 0.28% of Legal General Group Plc’s portfolio.Banced Corp reduced its stake in TMO by selling 481 shares or 14.66% in the most recent quarter. The Hedge Fund company now holds 2,799 shares of TMO which is valued at $433,565. Thermo Fisher Scientific makes up approx 0.86% of Banced Corp’s portfolio.Capstone Asset Management Co boosted its stake in TMO in the latest quarter, The investment management firm added 885 additional shares and now holds a total of 9,458 shares of Thermo Fisher Scientific which is valued at $1,465,044. Thermo Fisher Scientific makes up approx 0.04% of Capstone Asset Management Co’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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