Confluence Investment Management LLC Purchases 523 Shares of Thermo Fisher Scientific Inc. $TMO

Key Points

• Confluence Investment Management LLC increased its holdings in Thermo Fisher Scientific by 0.6%, owning a total of 83,476 shares valued at approximately $33.8 million after purchasing an additional 523 shares during the second quarter.
• Thermo Fisher Scientific reported $10.86 billion in revenue for the last quarter, surpassing analyst estimates, along with $5.36 earnings per share which was above the consensus estimate of $5.22.
• The company recently declared a quarterly dividend of $0.43 per share, representing an annualized dividend of $1.72 with a payout ratio of approximately 9.95%.

Confluence Investment Management LLC increased its position in Thermo Fisher Scientific Inc. (NYSE:TMO - Free Report) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,476 shares of the medical research company's stock after purchasing an additional 523 shares during the quarter. Confluence Investment Management LLC's holdings in Thermo Fisher Scientific were worth $33,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TMO. Brighton Jones LLC raised its holdings in shares of Thermo Fisher Scientific by 28.9% in the 4th quarter. Brighton Jones LLC now owns 4,409 shares of the medical research company's stock valued at $2,293,000 after purchasing an additional 988 shares during the period. Revolve Wealth Partners LLC grew its stake in Thermo Fisher Scientific by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 491 shares of the medical research company's stock valued at $255,000 after buying an additional 20 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Thermo Fisher Scientific by 0.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 153,157 shares of the medical research company's stock valued at $79,677,000 after buying an additional 461 shares during the last quarter. ProShare Advisors LLC grew its stake in Thermo Fisher Scientific by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 58,220 shares of the medical research company's stock valued at $30,288,000 after buying an additional 1,696 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Thermo Fisher Scientific in the 4th quarter valued at about $463,000. 89.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TMO shares. Hsbc Global Res lowered shares of Thermo Fisher Scientific from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. William Blair started coverage on shares of Thermo Fisher Scientific in a research note on Monday, August 18th. They issued an "outperform" rating on the stock. Royal Bank Of Canada set a $561.00 price target on shares of Thermo Fisher Scientific and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Evercore ISI decreased their target price on shares of Thermo Fisher Scientific from $500.00 to $480.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. Finally, Robert W. Baird increased their target price on shares of Thermo Fisher Scientific from $553.00 to $567.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $592.24.

Thermo Fisher Scientific Stock Performance

Shares of NYSE:TMO opened at $479.48 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.93 and a debt-to-equity ratio of 0.65. The firm has a market cap of $181.06 billion, a PE ratio of 27.73, a PEG ratio of 2.62 and a beta of 0.75. The company's 50 day moving average price is $466.86 and its two-hundred day moving average price is $451.65. Thermo Fisher Scientific Inc. has a 12-month low of $385.46 and a 12-month high of $623.77.

Thermo Fisher Scientific (NYSE:TMO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The medical research company reported $5.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.14. The business had revenue of $10.86 billion for the quarter, compared to analyst estimates of $10.68 billion. Thermo Fisher Scientific had a net margin of 15.24% and a return on equity of 16.82%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $5.37 EPS. Thermo Fisher Scientific has set its Q3 2025 guidance at 5.460-5.510 EPS. FY 2025 guidance at 22.220-22.840 EPS. Equities research analysts predict that Thermo Fisher Scientific Inc. will post 23.28 earnings per share for the current year.

Thermo Fisher Scientific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 0.4%. Thermo Fisher Scientific's dividend payout ratio (DPR) is currently 9.95%.

Insider Buying and Selling

In related news, EVP Gianluca Pettiti sold 400 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $479.98, for a total value of $191,992.00. Following the completion of the transaction, the executive vice president owned 22,367 shares of the company's stock, valued at $10,735,712.66. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph R. Holmes sold 385 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $492.63, for a total transaction of $189,662.55. Following the completion of the transaction, the chief accounting officer directly owned 2,319 shares of the company's stock, valued at approximately $1,142,408.97. The trade was a 14.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,066 shares of company stock worth $14,182,963. Corporate insiders own 0.33% of the company's stock.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases; and solutions include biosciences, genetic sciences, and bio production to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets.

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