Handelsbanken Fonder AB Has $414.61 Million Stake in Thermo Fisher Scientific Inc. $TMO

Handelsbanken Fonder AB grew its position in Thermo Fisher Scientific Inc. (NYSE:TMOFree Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 715,528 shares of the medical research company’s stock after purchasing an additional 12,390 shares during the quarter. Thermo Fisher Scientific comprises approximately 1.3% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 11th biggest position. Handelsbanken Fonder AB’s holdings in Thermo Fisher Scientific were worth $414,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMO. Gables Capital Management Inc. boosted its position in shares of Thermo Fisher Scientific by 2.3% during the 4th quarter. Gables Capital Management Inc. now owns 3,846 shares of the medical research company’s stock worth $2,229,000 after acquiring an additional 85 shares in the last quarter. Flynn Zito Capital Management LLC acquired a new stake in shares of Thermo Fisher Scientific during the 4th quarter worth approximately $234,000. Integral Investment Advisors Inc. lifted its stake in Thermo Fisher Scientific by 16.7% during the fourth quarter. Integral Investment Advisors Inc. now owns 2,762 shares of the medical research company’s stock worth $1,600,000 after purchasing an additional 396 shares during the last quarter. Aviance Capital Partners LLC lifted its stake in Thermo Fisher Scientific by 0.4% during the fourth quarter. Aviance Capital Partners LLC now owns 14,604 shares of the medical research company’s stock worth $8,462,000 after purchasing an additional 51 shares during the last quarter. Finally, Profund Advisors LLC lifted its stake in Thermo Fisher Scientific by 25.3% during the fourth quarter. Profund Advisors LLC now owns 6,113 shares of the medical research company’s stock worth $3,542,000 after purchasing an additional 1,236 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TMO shares. UBS Group restated a “neutral” rating and set a $615.00 target price on shares of Thermo Fisher Scientific in a research note on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Thermo Fisher Scientific in a research note on Wednesday, April 8th. Barclays cut their target price on Thermo Fisher Scientific from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Jefferies Financial Group upgraded Thermo Fisher Scientific to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company cut their target price on Thermo Fisher Scientific from $675.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $616.10.

Get Our Latest Analysis on TMO

Thermo Fisher Scientific Stock Up 0.9%

Shares of TMO opened at $442.16 on Tuesday. Thermo Fisher Scientific Inc. has a 52 week low of $385.46 and a 52 week high of $643.99. The stock has a market capitalization of $164.31 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.15 and a current ratio of 1.53. The stock has a fifty day moving average of $484.46 and a 200-day moving average of $541.15.

Thermo Fisher Scientific (NYSE:TMOGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The medical research company reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.25 by $0.19. Thermo Fisher Scientific had a return on equity of 16.86% and a net margin of 15.15%.The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.86 billion. During the same period in the prior year, the company earned $5.15 EPS. Thermo Fisher Scientific’s revenue was up 6.2% compared to the same quarter last year. Thermo Fisher Scientific has set its FY 2026 guidance at 24.640-25.120 EPS. As a group, sell-side analysts anticipate that Thermo Fisher Scientific Inc. will post 24.86 earnings per share for the current fiscal year.

Thermo Fisher Scientific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, March 13th. This is a positive change from Thermo Fisher Scientific’s previous quarterly dividend of $0.43. Thermo Fisher Scientific’s dividend payout ratio is currently 10.34%.

Insider Buying and Selling at Thermo Fisher Scientific

In related news, COO Gianluca Pettiti sold 400 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $462.66, for a total transaction of $185,064.00. Following the completion of the transaction, the chief operating officer directly owned 25,051 shares of the company’s stock, valued at $11,590,095.66. This trade represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Marc N. Casper sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $512.40, for a total value of $2,562,000.00. Following the transaction, the chief executive officer directly owned 123,925 shares of the company’s stock, valued at approximately $63,499,170. This represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.33% of the stock is owned by company insiders.

Key Stories Impacting Thermo Fisher Scientific

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Thermo Fisher Scientific Company Profile

(Free Report)

Thermo Fisher Scientific (NYSE: TMO) is a global provider of scientific instrumentation, reagents and consumables, software, and services that support research, clinical, and industrial laboratories. The company supplies analytical instruments and laboratory equipment, life sciences reagents and kits, specialty diagnostics, and a broad range of consumables used by researchers, clinicians, and manufacturers. Its offerings also include laboratory information management and data-analysis software, as well as service solutions such as instrument maintenance, validation, and logistics that help customers run complex workflows efficiently.

Thermo Fisher operates through multiple business areas that broadly cover life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services, including contract development and manufacturing for pharmaceutical and biotechnology companies.

Further Reading

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

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