Thermo Fisher Scientific (TMO) : Washington Trust Bank scooped up 32 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 4, 2016. The investment management firm now holds a total of 2,243 shares of Thermo Fisher Scientific which is valued at $355,022.Thermo Fisher Scientific makes up approximately 0.09% of Washington Trust Bank’s portfolio.
Other Hedge Funds, Including , Eqis Capital Management reduced its stake in TMO by selling 955 shares or 7.23% in the most recent quarter. The Hedge Fund company now holds 12,261 shares of TMO which is valued at $1,940,671. Thermo Fisher Scientific makes up approx 0.12% of Eqis Capital Management’s portfolio.Lvm Capital Management Ltdmi boosted its stake in TMO in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 2,890 shares of Thermo Fisher Scientific which is valued at $457,429. Thermo Fisher Scientific makes up approx 0.14% of Lvm Capital Management Ltdmi’s portfolio.Cullinan Associates Inc boosted its stake in TMO in the latest quarter, The investment management firm added 3,270 additional shares and now holds a total of 21,780 shares of Thermo Fisher Scientific which is valued at $3,447,338. Thermo Fisher Scientific makes up approx 0.30% of Cullinan Associates Inc’s portfolio.
Thermo Fisher Scientific closed down -1.55 points or -0.97% at $157.57 with 11,24,669 shares getting traded on Tuesday. Post opening the session at $158.98, the shares hit an intraday low of $156.465 and an intraday high of $159.44 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.