National Pension Service lifted its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,708 shares of the medical research company’s stock after purchasing an additional 23,707 shares during the period. National Pension Service owned approximately 0.08% of Thermo Fisher Scientific worth $53,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMO. Waldron LP lifted its stake in shares of Thermo Fisher Scientific by 48.1% in the first quarter. Waldron LP now owns 4,455 shares of the medical research company’s stock valued at $661,000 after purchasing an additional 1,447 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Thermo Fisher Scientific by 52.4% in the first quarter. Fisher Asset Management LLC now owns 2,602 shares of the medical research company’s stock valued at $400,000 after purchasing an additional 895 shares during the period. BTR Capital Management Inc. lifted its stake in shares of Thermo Fisher Scientific by 5.0% in the first quarter. BTR Capital Management Inc. now owns 69,651 shares of the medical research company’s stock valued at $10,698,000 after purchasing an additional 3,324 shares during the period. Profund Advisors LLC lifted its stake in shares of Thermo Fisher Scientific by 10.8% in the first quarter. Profund Advisors LLC now owns 15,864 shares of the medical research company’s stock valued at $2,437,000 after purchasing an additional 1,543 shares during the period. Finally, Independent Portfolio Consultants Inc. lifted its stake in shares of Thermo Fisher Scientific by 0.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 730 shares of the medical research company’s stock valued at $112,000 after purchasing an additional 2 shares during the period. Hedge funds and other institutional investors own 83.52% of the company’s stock.

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Several analysts recently commented on TMO shares. Bank of America Corporation reiterated a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Thermo Fisher Scientific in a research note on Friday, July 21st. Zacks Investment Research cut shares of Thermo Fisher Scientific from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cantor Fitzgerald initiated coverage on shares of Thermo Fisher Scientific in a research report on Thursday, May 18th. They set an “overweight” rating and a $194.00 target price for the company. BidaskClub cut shares of Thermo Fisher Scientific from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Cowen and Company restated a “buy” rating and set a $200.00 target price on shares of Thermo Fisher Scientific in a research report on Friday. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $189.50.

In other news, Director Jim P. Manzi sold 11,318 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $172.94, for a total value of $1,957,334.92. Following the transaction, the director now owns 38,757 shares in the company, valued at approximately $6,702,635.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Seth H. Hoogasian sold 4,140 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $177.80, for a total value of $736,092.00. Following the completion of the transaction, the vice president now owns 25,518 shares in the company, valued at approximately $4,537,100.40. The disclosure for this sale can be found here. Insiders sold a total of 18,844 shares of company stock worth $3,300,421 in the last quarter. 0.49% of the stock is owned by corporate insiders.

Thermo Fisher Scientific Inc (TMO) traded down 0.31% during midday trading on Tuesday, reaching $185.43. 556,921 shares of the company were exchanged. The stock has a market capitalization of $72.34 billion, a price-to-earnings ratio of 32.30 and a beta of 1.05. Thermo Fisher Scientific Inc has a 52-week low of $139.07 and a 52-week high of $188.76. The firm’s 50-day moving average price is $177.39 and its 200 day moving average price is $168.43.

Thermo Fisher Scientific (NYSE:TMO) last issued its earnings results on Wednesday, July 26th. The medical research company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.92 billion. Thermo Fisher Scientific had a return on equity of 15.97% and a net margin of 11.80%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. Equities analysts predict that Thermo Fisher Scientific Inc will post $9.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.32%. Thermo Fisher Scientific’s dividend payout ratio is 10.45%.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc develops, manufactures and sells a range of products. The Company provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. It operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.

Institutional Ownership by Quarter for Thermo Fisher Scientific (NYSE:TMO)

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