CCLA Investment Management Sells 33,437 Shares of Thermo Fisher Scientific Inc. $TMO

Key Points

• CCLA Investment Management trimmed its stake in Thermo Fisher by 11.1% (sold 33,437 shares), leaving it with 267,601 shares — about 0.07% of TMO and the firm's 10th-largest holding valued at roughly $155.1 million.
• Company insiders also sold stock recently: EVP Gianluca Pettiti sold 400 shares and CEO Marc N. Casper sold 5,000 shares, reducing their ownership; corporate insiders now hold about 0.33% of the company.
• Thermo Fisher beat quarterly estimates (EPS $6.57, revenue $12.22B, revenue up 7.2% YoY), raised its quarterly dividend to $0.47 (annualized $1.88, yield ~0.4%), and carries a consensus analyst stance of a "Moderate Buy" with an average target of $632.50.

CCLA Investment Management cut its holdings in Thermo Fisher Scientific Inc. (NYSE:TMO - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 267,601 shares of the medical research company's stock after selling 33,437 shares during the quarter. Thermo Fisher Scientific comprises approximately 2.5% of CCLA Investment Management's portfolio, making the stock its 10th largest holding. CCLA Investment Management owned about 0.07% of Thermo Fisher Scientific worth $155,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Petros Family Wealth LLC lifted its stake in Thermo Fisher Scientific by 3.9% in the fourth quarter. Petros Family Wealth LLC now owns 456 shares of the medical research company's stock valued at $264,000 after acquiring an additional 17 shares during the last quarter. Financial Management Network Inc. raised its position in shares of Thermo Fisher Scientific by 3.7% in the third quarter. Financial Management Network Inc. now owns 511 shares of the medical research company's stock valued at $248,000 after purchasing an additional 18 shares during the period. Pallas Capital Advisors LLC raised its position in shares of Thermo Fisher Scientific by 1.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,256 shares of the medical research company's stock valued at $728,000 after purchasing an additional 18 shares during the period. Red Door Wealth Management LLC raised its position in shares of Thermo Fisher Scientific by 0.8% in the fourth quarter. Red Door Wealth Management LLC now owns 2,156 shares of the medical research company's stock valued at $1,250,000 after purchasing an additional 18 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC raised its position in shares of Thermo Fisher Scientific by 1.8% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,031 shares of the medical research company's stock valued at $597,000 after purchasing an additional 18 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Thermo Fisher Scientific

In other Thermo Fisher Scientific news, EVP Gianluca Pettiti sold 400 shares of the company's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $541.20, for a total transaction of $216,480.00. Following the transaction, the executive vice president directly owned 20,752 shares in the company, valued at approximately $11,230,982.40. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc N. Casper sold 5,000 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $512.40, for a total transaction of $2,562,000.00. Following the transaction, the chief executive officer owned 123,925 shares in the company, valued at approximately $63,499,170. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.33% of the company's stock.

Thermo Fisher Scientific Trading Up 2.9%

Shares of Thermo Fisher Scientific stock opened at $503.91 on Thursday. The company's fifty day moving average price is $508.81 and its two-hundred day moving average price is $548.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.89 and a quick ratio of 1.53. Thermo Fisher Scientific Inc. has a 52-week low of $385.46 and a 52-week high of $643.99. The firm has a market capitalization of $187.19 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.63 and a beta of 0.97.

Thermo Fisher Scientific (NYSE:TMO - Get Free Report) last posted its earnings results on Thursday, January 29th. The medical research company reported $6.57 earnings per share for the quarter, topping the consensus estimate of $6.45 by $0.12. Thermo Fisher Scientific had a net margin of 15.05% and a return on equity of 16.92%. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.95 billion. During the same quarter in the prior year, the firm earned $6.10 EPS. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Thermo Fisher Scientific Inc. will post 23.28 EPS for the current year.

Thermo Fisher Scientific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.88 dividend on an annualized basis and a yield of 0.4%. This is an increase from Thermo Fisher Scientific's previous quarterly dividend of $0.43. Thermo Fisher Scientific's payout ratio is currently 10.60%.

Wall Street Analysts Forecast Growth

TMO has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Thermo Fisher Scientific from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. DZ Bank assumed coverage on shares of Thermo Fisher Scientific in a research report on Friday, March 27th. They issued a "buy" rating and a $610.00 price target on the stock. Citigroup boosted their target price on shares of Thermo Fisher Scientific from $660.00 to $685.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Stifel Nicolaus boosted their target price on shares of Thermo Fisher Scientific from $583.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, January 9th. Finally, TD Cowen dropped their target price on shares of Thermo Fisher Scientific from $696.00 to $683.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Thermo Fisher Scientific has an average rating of "Moderate Buy" and an average target price of $632.50.

About Thermo Fisher Scientific

Thermo Fisher Scientific NYSE: TMO is a global provider of scientific instrumentation, reagents and consumables, software, and services that support research, clinical, and industrial laboratories. The company supplies analytical instruments and laboratory equipment, life sciences reagents and kits, specialty diagnostics, and a broad range of consumables used by researchers, clinicians, and manufacturers. Its offerings also include laboratory information management and data-analysis software, as well as service solutions such as instrument maintenance, validation, and logistics that help customers run complex workflows efficiently.

Thermo Fisher operates through multiple business areas that broadly cover life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services, including contract development and manufacturing for pharmaceutical and biotechnology companies.

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