Anchor Investment Management LLC Acquires 1,960 Shares of Thermo Fisher Scientific Inc. $TMO

Key Points

• Anchor Investment Management increased its Thermo Fisher stake by 31.2% in the second quarter, purchasing 1,960 additional shares and bringing its holdings to 8,232 shares valued at $4.13 million. Institutional investors collectively own 89.23% of TMO.
• Thermo Fisher reported quarterly EPS of $6.03 versus the $5.71 consensus estimate, while revenue rose 10.5% year over year to $11.99 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $624.64.
• TMO shares rose 4.4% to $640.88, near their 12-month high, although insiders sold 73,768 shares worth $44.1 million over the past 90 days. The company also declared a quarterly dividend of $0.47 per share, representing a 0.3% yield.

Anchor Investment Management LLC grew its stake in shares of Thermo Fisher Scientific Inc. (NYSE:TMO - Free Report) by 31.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,232 shares of the medical research company's stock after buying an additional 1,960 shares during the quarter. Anchor Investment Management LLC's holdings in Thermo Fisher Scientific were worth $4,127,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TMO. BlackRock Inc. purchased a new stake in shares of Thermo Fisher Scientific during the second quarter valued at approximately $15,501,867,000. State Street Corp increased its stake in shares of Thermo Fisher Scientific by 1.4% in the fourth quarter. State Street Corp now owns 16,613,761 shares of the medical research company's stock worth $9,633,991,000 after buying an additional 229,630 shares during the period. Corient Private Wealth LP purchased a new stake in Thermo Fisher Scientific during the 2nd quarter valued at $382,547,000. Capital World Investors grew its holdings in Thermo Fisher Scientific by 7.0% in the 4th quarter. Capital World Investors now owns 11,003,814 shares of the medical research company's stock worth $6,376,229,000 after acquiring an additional 718,669 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Thermo Fisher Scientific by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 8,196,477 shares of the medical research company's stock valued at $4,728,129,000 after acquiring an additional 26,425 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Thermo Fisher Scientific

In related news, CAO Joseph R. Holmes sold 420 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $584.81, for a total value of $245,620.20. Following the sale, the chief accounting officer owned 2,966 shares in the company, valued at $1,734,546.46. This represents a 12.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Lisa P. Britt sold 11,440 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $613.12, for a total value of $7,014,092.80. Following the transaction, the vice president directly owned 14,784 shares of the company's stock, valued at approximately $9,064,366.08. This trade represents a 43.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,768 shares of company stock worth $44,122,820 in the last ninety days. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMO. Stifel Nicolaus set a $650.00 price objective on Thermo Fisher Scientific in a report on Wednesday, August 5th. Morgan Stanley upped their target price on Thermo Fisher Scientific from $620.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, July 24th. KeyCorp reiterated an "overweight" rating on shares of Thermo Fisher Scientific in a report on Tuesday, May 26th. HSBC raised shares of Thermo Fisher Scientific from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 1st. Finally, Wells Fargo & Company cut shares of Thermo Fisher Scientific from an "overweight" rating to an "underweight" rating in a research report on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Thermo Fisher Scientific presently has a consensus rating of "Moderate Buy" and an average price target of $624.64.

Thermo Fisher Scientific Stock Up 4.4%

Shares of TMO traded up $27.26 on Tuesday, reaching $640.88. The stock had a trading volume of 3,022,434 shares, compared to its average volume of 2,232,038. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.18 and a current ratio of 1.55. Thermo Fisher Scientific Inc. has a 12-month low of $435.27 and a 12-month high of $647.00. The firm has a market capitalization of $236.96 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 2.55 and a beta of 0.85. The company has a 50-day simple moving average of $582.32 and a 200-day simple moving average of $519.25.

Thermo Fisher Scientific (NYSE:TMO - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The medical research company reported $6.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.71 by $0.32. Thermo Fisher Scientific had a return on equity of 17.09% and a net margin of 15.04%.The business had revenue of $11.99 billion during the quarter, compared to the consensus estimate of $11.71 billion. During the same quarter in the prior year, the company earned $4.28 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. Thermo Fisher Scientific has set its FY 2026 guidance at 24.930-25.330 EPS. Sell-side analysts predict that Thermo Fisher Scientific Inc. will post 25.13 EPS for the current year.

Thermo Fisher Scientific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.88 annualized dividend and a yield of 0.3%. Thermo Fisher Scientific's payout ratio is presently 10.11%.

Thermo Fisher Scientific Company Profile

Thermo Fisher Scientific Inc is a global supplier of scientific equipment, laboratory services and analytical technologies. The company serves pharmaceutical and biotechnology companies, clinical laboratories, academic and government institutions, industrial businesses and other research organizations.

Its products and services include laboratory instruments, analytical systems, reagents, consumables, software and related services. Thermo Fisher also provides laboratory supplies and equipment, bioproduction solutions, genetic analysis technologies, clinical diagnostics, specialty diagnostic products and contract research and manufacturing services through its laboratory services businesses.

The company was formed in 2006 through the merger of Thermo Electron Corporation and Fisher Scientific International.

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