Investors Sell Thermo Fisher Scientific Inc (TMO) on Strength (TMO)

Investors sold shares of Thermo Fisher Scientific Inc (NYSE:TMO) on strength during trading on Thursday. $104.76 million flowed into the stock on the tick-up and $177.70 million flowed out of the stock on the tick-down, for a money net flow of $72.94 million out of the stock. Of all stocks tracked, Thermo Fisher Scientific had the 7th highest net out-flow for the day. Thermo Fisher Scientific traded up $0.70 for the day and closed at $200.37

Several equities analysts recently issued reports on the company. Deutsche Bank AG set a $226.00 price objective on Thermo Fisher Scientific and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut Thermo Fisher Scientific from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Leerink Swann raised their price objective on Thermo Fisher Scientific from $190.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 9th. Cowen and Company restated an “outperform” rating and set a $220.00 price objective (up from $200.00) on shares of Thermo Fisher Scientific in a research note on Sunday, September 10th. Finally, Barclays PLC restated an “overweight” rating and set a $215.00 price objective (up from $200.00) on shares of Thermo Fisher Scientific in a research note on Monday, September 25th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $205.50.

The firm has a market cap of $78.17 billion, a P/E ratio of 34.91 and a beta of 1.05. The company’s 50-day moving average price is $191.38 and its 200 day moving average price is $177.67.

Thermo Fisher Scientific (NYSE:TMO) last posted its quarterly earnings data on Wednesday, October 25th. The medical research company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.07. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.03 billion. Thermo Fisher Scientific had a return on equity of 15.97% and a net margin of 11.80%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.03 earnings per share. On average, equities research analysts predict that Thermo Fisher Scientific Inc will post $9.35 EPS for the current fiscal year.

In other Thermo Fisher Scientific news, VP Peter E. Hornstra sold 3,894 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $185.18, for a total value of $721,090.92. Following the transaction, the vice president now owns 19,751 shares of the company’s stock, valued at $3,657,490.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Seth H. Hoogasian sold 4,140 shares of the business’s stock in a transaction on Monday, August 28th. The stock was 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 directly owns 25,518 shares in the company, valued at approximately $4,537,100.40. The disclosure for this sale can be found here. In the last three months, insiders sold 52,738 shares of company stock worth $9,302,112. Insiders own 0.49% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Honeywell International Inc. boosted its stake in Thermo Fisher Scientific by 34.6% in the third quarter. Honeywell International Inc. now owns 194,900 shares of the medical research company’s stock worth $36,875,000 after purchasing an additional 50,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Thermo Fisher Scientific by 13.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,242 shares of the medical research company’s stock worth $7,236,000 after purchasing an additional 4,661 shares in the last quarter. Calamos Advisors LLC boosted its stake in Thermo Fisher Scientific by 1.6% in the third quarter. Calamos Advisors LLC now owns 147,264 shares of the medical research company’s stock worth $27,862,000 after purchasing an additional 2,267 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in Thermo Fisher Scientific by 0.5% in the third quarter. Rothschild Investment Corp IL now owns 70,523 shares of the medical research company’s stock worth $13,343,000 after purchasing an additional 341 shares in the last quarter. Finally, Liberty Capital Management Inc. boosted its stake in Thermo Fisher Scientific by 2.1% in the third quarter. Liberty Capital Management Inc. now owns 19,579 shares of the medical research company’s stock worth $3,795,000 after purchasing an additional 411 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

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Thermo Fisher Scientific Company Profile

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.

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