Insider Selling: Thermo Fisher Scientific CFO Unloads 91,897 Shares of Stock (TMO)
Thermo Fisher Scientific (NYSE:TMO) CFO Peter M. Wilver sold 91,897 shares of Thermo Fisher Scientific stock on the open market in a transaction dated Friday, February 7th. The shares were sold at an average price of $115.21, for a total value of $10,587,453.37. Following the transaction, the chief financial officer now directly owns 104,305 shares in the company, valued at approximately $12,016,979. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Thermo Fisher Scientific (NYSE:TMO) traded up 2.92% on Friday, hitting $117.77. The stock had a trading volume of 3,180,691 shares. Thermo Fisher Scientific has a 52 week low of $71.60 and a 52 week high of $117.68. The stock’s 50-day moving average is $112.4 and its 200-day moving average is $99.05. The company has a market cap of $42.609 billion and a P/E ratio of 32.84.
Thermo Fisher Scientific (NYSE:TMO) last announced its earnings results on Friday, January 31st. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.31 billion. On average, analysts predict that Thermo Fisher Scientific will post $6.80 earnings per share for the current fiscal year.
A number of research firms have recently commented on TMO. Analysts at Zacks reiterated a “neutral” rating on shares of Thermo Fisher Scientific in a research note to investors on Tuesday. They now have a $121.00 price target on the stock. Separately, analysts at Leerink Swann raised their price target on shares of Thermo Fisher Scientific from $107.00 to $130.00 in a research note to investors on Friday, January 31st. They now have an “outperform” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Thermo Fisher Scientific from $128.00 to $136.00 in a research note to investors on Friday, January 31st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $110.93.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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