Howland Capital Management buys $20,559,321 stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Howland Capital Management scooped up 737 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 13, 2016. The investment management firm now holds a total of 135,232 shares of Thermo Fisher Scientific which is valued at $20,559,321.Thermo Fisher Scientific makes up approximately 1.95% of Howland Capital Management’s portfolio.

Other Hedge Funds, Including , Renaissance Investment Group boosted its stake in TMO in the latest quarter, The investment management firm added 596 additional shares and now holds a total of 51,889 shares of Thermo Fisher Scientific which is valued at $7,888,685. Thermo Fisher Scientific makes up approx 3.85% of Renaissance Investment Group’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in TMO in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 5,491 shares of Thermo Fisher Scientific which is valued at $850,556. Thermo Fisher Scientific makes up approx 0.17% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Raymond James Trust N.a. boosted its stake in TMO in the latest quarter, The investment management firm added 129 additional shares and now holds a total of 5,958 shares of Thermo Fisher Scientific which is valued at $947,977. Thermo Fisher Scientific makes up approx 0.08% of Raymond James Trust N.a.’s portfolio.Hills Bank Trust Co reduced its stake in TMO by selling 123 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 19,381 shares of TMO which is valued at $3,083,711. Thermo Fisher Scientific makes up approx 1.12% of Hills Bank Trust Co’s portfolio. Fisher Asset Management added TMO to its portfolio by purchasing 1,482 company shares during the most recent quarter which is valued at $235,801.

Thermo Fisher Scientific closed down -4.21 points or -2.65% at $154.9 with 26,97,528 shares getting traded on Tuesday. Post opening the session at $156, the shares hit an intraday low of $153.79 and an intraday high of $156.585 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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