Morse Asset Management Inc purchased a new stake in Thermo Fisher Scientific Inc (NYSE:TMO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,094 shares of the medical research company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in Thermo Fisher Scientific by 71.5% in the first quarter. Proficio Capital Partners LLC now owns 607 shares of the medical research company’s stock valued at $105,000 after buying an additional 253 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Thermo Fisher Scientific during the second quarter valued at about $108,000. Shine Investment Advisory Services Inc. bought a new stake in shares of Thermo Fisher Scientific during the second quarter valued at about $113,000. Ropes Wealth Advisors LLC raised its stake in shares of Thermo Fisher Scientific by 15.8% during the second quarter. Ropes Wealth Advisors LLC now owns 710 shares of the medical research company’s stock valued at $124,000 after purchasing an additional 97 shares in the last quarter. Finally, Atlantic Trust LLC bought a new stake in Thermo Fisher Scientific in the second quarter worth about $138,000. Hedge funds and other institutional investors own 85.32% of the company’s stock.

In other news, VP Seth H. Hoogasian sold 4,140 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $177.80, for a total transaction of $736,092.00. Following the sale, the vice president now owns 25,518 shares in the company, valued at $4,537,100.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Martin Harris sold 360 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $180.97, for a total value of $65,149.20. Following the sale, the director now owns 5,312 shares in the company, valued at approximately $961,312.64. The disclosure for this sale can be found here. Insiders have sold 60,420 shares of company stock worth $11,308,477 in the last 90 days. Company insiders own 0.49% of the company’s stock.

TMO has been the topic of several research reports. Zacks Investment Research upgraded shares of Thermo Fisher Scientific from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research report on Thursday, September 7th. Cowen Inc reissued a “buy” rating and issued a $200.00 price target on shares of Thermo Fisher Scientific in a research note on Friday, September 1st. Argus reissued a “buy” rating on shares of Thermo Fisher Scientific in a research note on Tuesday, August 22nd. They noted that the move was a valuation call. BidaskClub cut Thermo Fisher Scientific from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Thermo Fisher Scientific in a research note on Tuesday, September 26th. They issued a “buy” rating and a $225.00 price target on the stock. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $205.71.

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Thermo Fisher Scientific Inc (NYSE TMO) traded down $0.45 on Friday, hitting $192.30. The stock had a trading volume of 40,567 shares, compared to its average volume of 1,543,035. The company has a market capitalization of $77,291.86, a PE ratio of 21.18, a PEG ratio of 1.76 and a beta of 1.08. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 0.85. Thermo Fisher Scientific Inc has a 1-year low of $139.07 and a 1-year high of $201.20.

Thermo Fisher Scientific (NYSE:TMO) last released its quarterly earnings data on Wednesday, October 25th. The medical research company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.07. Thermo Fisher Scientific had a return on equity of 15.94% and a net margin of 11.73%. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the business posted $2.03 earnings per share. Thermo Fisher Scientific’s quarterly revenue was up 13.9% on a year-over-year basis. analysts anticipate that Thermo Fisher Scientific Inc will post 9.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, December 14th. Thermo Fisher Scientific’s dividend payout ratio (DPR) is 10.19%.

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

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