Wellington Management Group LLP Trims Holdings in Thermo Fisher Scientific Inc. $TMO

Key Points

• Wellington Management cut its Thermo Fisher stake by 33.8% in the second quarter, selling 499,070 shares and retaining 979,181 shares worth approximately $490.9 million. Institutional investors still own 89.23% of the company.
• Thermo Fisher reported quarterly EPS of $6.03, exceeding estimates of $5.71, while revenue rose 10.5% year over year to $11.99 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $619.41.
• The company declared a quarterly dividend of $0.47 per share, equivalent to a 0.3% annualized yield. Corporate insiders sold 73,768 shares valued at roughly $44.1 million during the last quarter.

Wellington Management Group LLP trimmed its holdings in Thermo Fisher Scientific Inc. (NYSE:TMO - Free Report) by 33.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,181 shares of the medical research company's stock after selling 499,070 shares during the quarter. Wellington Management Group LLP owned about 0.26% of Thermo Fisher Scientific worth $490,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TMO. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Thermo Fisher Scientific during the second quarter valued at approximately $18,456,000. Archer Investment Corp bought a new stake in shares of Thermo Fisher Scientific in the 2nd quarter worth approximately $490,000. Kingsview Wealth Management LLC purchased a new stake in shares of Thermo Fisher Scientific in the 2nd quarter worth approximately $3,881,000. Beacon Pointe Advisors LLC purchased a new position in Thermo Fisher Scientific during the second quarter valued at $18,906,000. Finally, Ratan Capital Management LP bought a new stake in Thermo Fisher Scientific in the second quarter worth $777,000. Hedge funds and other institutional investors own 89.23% of the company's stock.

Thermo Fisher Scientific Price Performance

Shares of NYSE:TMO opened at $621.87 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.18 and a current ratio of 1.55. The firm has a market cap of $229.94 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The business has a 50-day simple moving average of $558.64 and a two-hundred day simple moving average of $512.08. Thermo Fisher Scientific Inc. has a fifty-two week low of $435.27 and a fifty-two week high of $647.00.

Thermo Fisher Scientific (NYSE:TMO - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The medical research company reported $6.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.71 by $0.32. Thermo Fisher Scientific had a net margin of 15.04% and a return on equity of 17.09%. The firm had revenue of $11.99 billion for the quarter, compared to the consensus estimate of $11.71 billion. During the same quarter last year, the firm posted $4.28 EPS. The business'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. On average, analysts expect that Thermo Fisher Scientific Inc. will post 25.13 earnings per share for the current year.

Thermo Fisher Scientific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Thermo Fisher Scientific's payout ratio is 10.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TMO. KeyCorp restated an "overweight" rating on shares of Thermo Fisher Scientific in a report on Tuesday, May 26th. Weiss Ratings raised shares of Thermo Fisher Scientific from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 14th. Wolfe Research started coverage on shares of Thermo Fisher Scientific in a research note on Tuesday, June 2nd. They issued an "outperform" rating and a $535.00 target price on the stock. Royal Bank Of Canada increased their price target on shares of Thermo Fisher Scientific from $490.00 to $580.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $630.00 price objective on shares of Thermo Fisher Scientific in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $619.41.

Insider Activity at Thermo Fisher Scientific

In related news, EVP Michael D. Shafer sold 25,500 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $600.00, for a total transaction of $15,300,000.00. Following the completion of the sale, the executive vice president owned 20,994 shares in the company, valued at approximately $12,596,400. This represents a 54.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Lisa P. Britt sold 11,440 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $613.12, for a total value of $7,014,092.80. Following the completion of the transaction, the vice president directly owned 14,784 shares in the company, valued at $9,064,366.08. The trade was a 43.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,768 shares of company stock valued at $44,122,820 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Thermo Fisher Scientific Company Profile

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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