Hikari Power Ltd buys $1,357,200 stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Hikari Power Ltd scooped up 4,400 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 3, 2016. The investment management firm now holds a total of 8,700 shares of Thermo Fisher Scientific which is valued at $1,357,200.Thermo Fisher Scientific makes up approximately 0.15% of Hikari Power Ltd’s portfolio.

Other Hedge Funds, Including , Front Barnett Associates reduced its stake in TMO by selling 2,447 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 164,827 shares of TMO which is valued at $25,713,012. Thermo Fisher Scientific makes up approx 5.04% of Front Barnett Associates’s portfolio.Wedbush Securities Inc boosted its stake in TMO in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 1,656 shares of Thermo Fisher Scientific which is valued at $258,336. Thermo Fisher Scientific makes up approx 0.04% of Wedbush Securities Inc’s portfolio.First National Bank Of Omaha boosted its stake in TMO in the latest quarter, The investment management firm added 6,739 additional shares and now holds a total of 50,491 shares of Thermo Fisher Scientific which is valued at $7,961,926. Thermo Fisher Scientific makes up approx 0.60% of First National Bank Of Omaha’s portfolio.Watch Point Trust Co boosted its stake in TMO in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 5,763 shares of Thermo Fisher Scientific which is valued at $879,952. Thermo Fisher Scientific makes up approx 0.75% of Watch Point Trust Co’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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