Thermo Fisher Scientific Inc. (NYSE:TMO) Shares Sold by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC decreased its stake in shares of Thermo Fisher Scientific Inc. (NYSE:TMOGet Rating) by 60.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,987 shares of the medical research company’s stock after selling 3,073 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Thermo Fisher Scientific were worth $1,174,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Thermo Fisher Scientific by 16.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,855 shares of the medical research company’s stock valued at $30,628,000 after purchasing an additional 7,238 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Thermo Fisher Scientific by 1,359.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 10,612 shares of the medical research company’s stock valued at $6,268,000 after buying an additional 9,885 shares during the last quarter. Marietta Wealth Management LLC raised its stake in Thermo Fisher Scientific by 4.3% in the first quarter. Marietta Wealth Management LLC now owns 12,912 shares of the medical research company’s stock valued at $7,626,000 after buying an additional 529 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Thermo Fisher Scientific by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 708,079 shares of the medical research company’s stock worth $472,459,000 after acquiring an additional 4,340 shares in the last quarter. Finally, Kingfisher Capital LLC increased its holdings in shares of Thermo Fisher Scientific by 1.6% in the 1st quarter. Kingfisher Capital LLC now owns 8,200 shares of the medical research company’s stock valued at $4,843,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TMO shares. Morgan Stanley upped their price target on Thermo Fisher Scientific from $670.00 to $678.00 and gave the company an “overweight” rating in a report on Friday, July 29th. SVB Leerink increased their target price on shares of Thermo Fisher Scientific from $630.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Barclays boosted their price target on shares of Thermo Fisher Scientific to $685.00 in a research report on Tuesday, August 9th. Finally, Credit Suisse Group initiated coverage on Thermo Fisher Scientific in a research report on Wednesday, August 24th. They set a “neutral” rating and a $675.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $662.07.

Insider Buying and Selling at Thermo Fisher Scientific

In related news, CFO Stephen Williamson sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $601.32, for a total value of $9,019,800.00. Following the completion of the sale, the chief financial officer now owns 43,944 shares in the company, valued at $26,424,406.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Thermo Fisher Scientific news, CFO Stephen Williamson sold 15,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $601.32, for a total value of $9,019,800.00. Following the completion of the transaction, the chief financial officer now directly owns 43,944 shares of the company’s stock, valued at $26,424,406.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jim P. Manzi sold 814 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $597.24, for a total value of $486,153.36. Following the completion of the sale, the director now owns 15,807 shares in the company, valued at approximately $9,440,572.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,397 shares of company stock valued at $33,012,754. 0.43% of the stock is owned by company insiders.

Thermo Fisher Scientific Stock Performance

Shares of TMO opened at $543.55 on Friday. Thermo Fisher Scientific Inc. has a 1 year low of $497.83 and a 1 year high of $672.34. The stock has a market capitalization of $212.96 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.13 and a current ratio of 1.65. The company’s fifty day moving average is $565.76 and its two-hundred day moving average is $557.74.

Thermo Fisher Scientific (NYSE:TMOGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The medical research company reported $5.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.59. Thermo Fisher Scientific had a net margin of 17.37% and a return on equity of 24.36%. The firm had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the prior year, the company posted $5.60 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, sell-side analysts predict that Thermo Fisher Scientific Inc. will post 22.92 earnings per share for the current year.

Thermo Fisher Scientific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, September 14th. Thermo Fisher Scientific’s payout ratio is 6.39%.

Thermo Fisher Scientific Profile

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Thermo Fisher Scientific Inc offers life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and service worldwide. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets.

Further Reading

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

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