California Public Employees Retirement System Grows Holdings in Thermo Fisher Scientific Inc. (TMO)

California Public Employees Retirement System raised its stake in Thermo Fisher Scientific Inc. (NYSE:TMO) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 940,824 shares of the medical research company’s stock after buying an additional 89,739 shares during the period. California Public Employees Retirement System’s holdings in Thermo Fisher Scientific were worth $178,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TMO. Capital Research Global Investors boosted its position in shares of Thermo Fisher Scientific by 29.8% in the second quarter. Capital Research Global Investors now owns 17,304,897 shares of the medical research company’s stock valued at $3,019,185,000 after acquiring an additional 3,973,136 shares during the period. Janus Henderson Group PLC boosted its position in shares of Thermo Fisher Scientific by 2,058.1% in the second quarter. Janus Henderson Group PLC now owns 2,342,046 shares of the medical research company’s stock valued at $408,620,000 after acquiring an additional 2,233,522 shares during the period. Veritas Asset Management LLP boosted its position in shares of Thermo Fisher Scientific by 44.1% in the third quarter. Veritas Asset Management LLP now owns 3,503,259 shares of the medical research company’s stock valued at $662,817,000 after acquiring an additional 1,072,500 shares during the period. Meritage Group LP bought a new stake in shares of Thermo Fisher Scientific in the third quarter valued at about $201,383,000. Finally, Capital World Investors boosted its position in shares of Thermo Fisher Scientific by 6.1% in the second quarter. Capital World Investors now owns 11,759,734 shares of the medical research company’s stock valued at $2,051,721,000 after acquiring an additional 671,637 shares during the period. Hedge funds and other institutional investors own 86.31% of the company’s stock.

A number of equities research analysts have recently issued reports on TMO shares. Bank of America boosted their target price on shares of Thermo Fisher Scientific from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. BTIG Research started coverage on shares of Thermo Fisher Scientific in a research report on Friday, January 5th. They issued a “buy” rating and a $230.00 target price for the company. Zacks Investment Research raised shares of Thermo Fisher Scientific from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Tuesday, October 31st. Leerink Swann reissued a “buy” rating on shares of Thermo Fisher Scientific in a research report on Monday, October 30th. Finally, Deutsche Bank set a $226.00 target price on shares of Thermo Fisher Scientific and gave the company a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $220.50.

Shares of Thermo Fisher Scientific Inc. (TMO) opened at $200.18 on Friday. Thermo Fisher Scientific Inc. has a 52-week low of $151.74 and a 52-week high of $226.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.92 and a current ratio of 1.35. The firm has a market cap of $80,430.00, a PE ratio of 35.75, a P/E/G ratio of 1.46 and a beta of 1.11.

Thermo Fisher Scientific (NYSE:TMO) last posted its quarterly earnings data on Wednesday, January 31st. The medical research company reported $2.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.13. Thermo Fisher Scientific had a net margin of 10.64% and a return on equity of 16.01%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the business posted $2.41 earnings per share. Thermo Fisher Scientific’s revenue was up 22.1% compared to the same quarter last year. analysts expect that Thermo Fisher Scientific Inc. will post 10.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 15th will be given a dividend of $0.17 per share. This is a boost from Thermo Fisher Scientific’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 14th. This represents a $0.68 annualized dividend and a yield of 0.34%. Thermo Fisher Scientific’s dividend payout ratio is currently 10.71%.

In related news, CEO Marc N. Casper sold 50,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $191.74, for a total transaction of $9,587,000.00. Following the completion of the sale, the chief executive officer now owns 302,577 shares of the company’s stock, valued at $58,016,113.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen Williamson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $209.26, for a total transaction of $1,046,300.00. Following the sale, the chief financial officer now directly owns 30,741 shares of the company’s stock, valued at approximately $6,432,861.66. The disclosure for this sale can be found here. Insiders have sold 144,327 shares of company stock valued at $28,680,042 in the last ninety days. 0.49% of the stock is currently owned by company insiders.

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About Thermo Fisher Scientific

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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