Recent hedge fund activity shows increased investment in Thermo Fisher Scientific. Signature Resources Capital Management grew its holdings by 318.2%, owning 46 shares worth $25,000. True Wealth Design raised their stake by 1,275.0% with 55 shares valued at $29,000. New Millennium Group and Stephens Consulting also increased their investments, with 29% of the stock now held by institutional investors.
Wall Street Analyst Opinions
Several analysts have issued reports on Thermo Fisher, giving it ratings from “hold” to “buy.” Wells Fargo set a target price of $670.00, while Royal Bank of Canada set theirs at $767.00. Overall, analysts lean towards a “Moderate Buy” with a consensus target of $653.72.
Check Our Latest Stock Report on TMO
Insider Activity
Recently, SVP Michael A. Boxer sold 2,000 shares for $1.2 million, while EVP Gianluca Pettiti sold 300 shares for $180,255. Insiders sold a total of 23,084 shares valued at over $14 million in the past 90 days, with insiders holding 0.34% of shares.
Stock Performance
Thermo Fisher’s shares (NYSE:TMO) were priced at $600.92. The company has a market cap of $229.55 billion and a P/E ratio of 38.55. The stock hit a yearly low of $415.60 and a high of $627.88.
Quarterly Earnings
On July 24, Thermo Fisher reported $5.37 EPS, surpassing estimates. Revenue reached $10.54 billion, slightly down from last year, with analysts predicting an annual EPS of 21.72.
Dividend Announcement
A quarterly dividend of $0.39 will be paid on October 15 to stockholders as of September 13, yielding 0.26% annually.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. offers life sciences solutions, analytical instruments, and biopharma services globally, focusing on medical and biological research.
Read More
- Five stocks we like better than Thermo Fisher Scientific
- What does the consumer price index measure?
- When is the best time to invest in mutual funds?
- 2 Fintech stocks to buy now and 1 to avoid
- Is NVIDIA stock in a correction or consolidation?
- How technical indicators can help you find oversold stocks
- 3 oversold stocks with big RSI rebound potential
Want to see what other hedge funds are holding TMO? Visit HoldingsChannel.com for the latest insider trades and 13F filings for Thermo Fisher Scientific Inc. (NYSE:TMO).
Receive Daily News & Ratings for Thermo Fisher Scientific – Enter your email to get a concise summary of the latest updates with MarketBeat.com’s FREE daily newsletter.
`
