Investidor Profissional Gestao de Recursos Ltda. acquired a new stake in Thermo Fisher Scientific Inc. (NYSE:TMO – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,963 shares of the medical research company’s stock, valued at approximately $1,948,000. Thermo Fisher Scientific comprises 0.6% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 18th biggest position.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its holdings in Thermo Fisher Scientific by 22.9% during the 4th quarter. Assetmark Inc. now owns 37,654 shares of the medical research company’s stock worth $21,819,000 after buying an additional 7,023 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Thermo Fisher Scientific in the fourth quarter valued at about $7,505,000. Northstar Advisory Group LLC bought a new position in shares of Thermo Fisher Scientific during the fourth quarter worth about $3,250,000. Eagle Rock Investment Company LLC lifted its stake in shares of Thermo Fisher Scientific by 15.9% in the fourth quarter. Eagle Rock Investment Company LLC now owns 21,969 shares of the medical research company’s stock worth $12,730,000 after acquiring an additional 3,012 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in Thermo Fisher Scientific by 9.7% in the fourth quarter. Boston Trust Walden Corp now owns 43,973 shares of the medical research company’s stock valued at $25,480,000 after acquiring an additional 3,873 shares during the last quarter. 89.23% of the stock is owned by institutional investors.
Thermo Fisher Scientific Stock Performance
Shares of TMO stock opened at $522.68 on Wednesday. The firm has a 50 day moving average of $487.32 and a 200-day moving average of $513.58. The company has a market cap of $194.24 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.87. The company has a quick ratio of 1.15, a current ratio of 1.53 and a debt-to-equity ratio of 0.77. Thermo Fisher Scientific Inc. has a 52 week low of $405.15 and a 52 week high of $643.99.
Thermo Fisher Scientific Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Thermo Fisher Scientific’s dividend payout ratio is 10.34%.
Insider Activity at Thermo Fisher Scientific
In other news, COO Gianluca Pettiti sold 400 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $462.66, for a total value of $185,064.00. Following the completion of the sale, the chief operating officer directly owned 25,051 shares in the company, valued at $11,590,095.66. This trade represents a 1.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.33% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have issued reports on TMO shares. Sanford C. Bernstein began coverage on shares of Thermo Fisher Scientific in a report on Friday, June 26th. They set a “market perform” rating and a $520.00 price target for the company. Royal Bank Of Canada set a $490.00 price objective on shares of Thermo Fisher Scientific and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. Wells Fargo & Company lowered their target price on shares of 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. Robert W. Baird cut their price target on shares of Thermo Fisher Scientific from $653.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Jefferies Financial Group upgraded Thermo Fisher Scientific to a “strong-buy” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $602.14.
Read Our Latest Analysis on TMO
Thermo Fisher Scientific Profile
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.
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