Thermo Fisher Scientific Inc (NYSE:TMO)‘s stock had its “overweight” rating reissued by stock analysts at Barclays PLC in a note issued to investors on Tuesday, May 9th, MarketBeat reports. They currently have a $190.00 target price on the medical research company’s stock, up from their previous target price of $175.00. Barclays PLC’s price target suggests a potential upside of 8.84% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Evercore ISI upped their target price on shares of Thermo Fisher Scientific from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. Jefferies Group LLC lowered their price objective on shares of Thermo Fisher Scientific from $163.00 to $160.00 and set a “hold” rating for the company in a research report on Monday, January 23rd. Deutsche Bank AG restated a “buy” rating and issued a $163.00 price objective on shares of Thermo Fisher Scientific in a research report on Wednesday, January 18th. Cowen and Company restated an “outperform” rating and issued a $185.00 price objective (up previously from $175.00) on shares of Thermo Fisher Scientific in a research report on Saturday, April 29th. Finally, Zacks Investment Research upgraded shares of Thermo Fisher Scientific from a “sell” rating to a “hold” rating in a research report on Monday, February 13th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Thermo Fisher Scientific has an average rating of “Buy” and a consensus price target of $183.47.
Shares of Thermo Fisher Scientific (NYSE TMO) traded down 0.21% during trading on Tuesday, hitting $174.57. The stock had a trading volume of 1,337,309 shares. The stock’s 50 day moving average is $171.99 and its 200 day moving average is $156.01. Thermo Fisher Scientific has a 52 week low of $139.07 and a 52 week high of $176.85. The stock has a market capitalization of $68.30 billion, a price-to-earnings ratio of 31.84 and a beta of 1.05.
Thermo Fisher Scientific (NYSE:TMO) last posted its quarterly earnings data on Wednesday, April 26th. The medical research company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. Thermo Fisher Scientific had a net margin of 11.58% and a return on equity of 15.73%. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the company posted $1.80 EPS. Thermo Fisher Scientific’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Thermo Fisher Scientific will post $9.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.60 annualized dividend and a yield of 0.34%. Thermo Fisher Scientific’s dividend payout ratio is currently 10.95%.
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In other news, CEO Marc N. Casper sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $172.79, for a total transaction of $3,455,800.00. Following the transaction, the chief executive officer now directly owns 269,279 shares of the company’s stock, valued at $46,528,718.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen Williamson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $176.26, for a total transaction of $440,650.00. Following the transaction, the chief financial officer now directly owns 37,790 shares in the company, valued at $6,660,865.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,720 shares of company stock worth $4,960,764. Insiders own 0.49% of the company’s stock.
Several hedge funds have recently bought and sold shares of TMO. Clearbridge Investments LLC raised its stake in Thermo Fisher Scientific by 16.6% in the first quarter. Clearbridge Investments LLC now owns 2,571,783 shares of the medical research company’s stock valued at $395,026,000 after buying an additional 365,409 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Thermo Fisher Scientific by 2.1% in the first quarter. Perigon Wealth Management LLC now owns 30,854 shares of the medical research company’s stock valued at $4,744,000 after buying an additional 624 shares in the last quarter. Piedmont Investment Advisors LLC raised its stake in shares of Thermo Fisher Scientific by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 83,285 shares of the medical research company’s stock worth $12,793,000 after buying an additional 707 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Thermo Fisher Scientific by 1.5% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 63,315 shares of the medical research company’s stock worth $9,725,000 after buying an additional 930 shares in the last quarter. Finally, HM Payson & Co. raised its stake in shares of Thermo Fisher Scientific by 55.4% in the first quarter. HM Payson & Co. now owns 10,665 shares of the medical research company’s stock worth $1,638,000 after buying an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 86.89% of the company’s stock.
About Thermo Fisher Scientific
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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