Thermo Fisher Scientific VP Seth H. Hoogasian Sells 5,103 Shares (TMO)
Thermo Fisher Scientific (NYSE:TMO) VP Seth H. Hoogasian sold 5,103 shares of Thermo Fisher Scientific stock on the open market in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $123.82, for a total transaction of $631,853.46. Following the transaction, the vice president now directly owns 44,492 shares in the company, valued at approximately $5,508,999. The sale was disclosed in a legal filing with the SEC, which is available at this link.
TMO has been the subject of a number of recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of Thermo Fisher Scientific in a research note on Thursday, July 24th. They now have a $135.00 price target on the stock, up previously from $130.00. Separately, analysts at Citigroup Inc. initiated coverage on shares of Thermo Fisher Scientific in a research note on Thursday, July 17th. They set a “buy” rating on the stock. Finally, analysts at Leerink Swann cut their price target on shares of Thermo Fisher Scientific from $139.00 to $133.00 in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Thermo Fisher Scientific currently has an average rating of “Buy” and a consensus price target of $133.25.
Shares of Thermo Fisher Scientific (NYSE:TMO) traded down 0.10% during mid-day trading on Friday, hitting $121.38. 1,391,262 shares of the company’s stock traded hands. Thermo Fisher Scientific has a 52 week low of $88.13 and a 52 week high of $127.63. The stock’s 50-day moving average is $120.1 and its 200-day moving average is $118.9. The company has a market cap of $48.479 billion and a price-to-earnings ratio of 31.58.
Thermo Fisher Scientific (NYSE:TMO) last released its earnings data on Wednesday, July 23rd. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. On average, analysts predict that Thermo Fisher Scientific will post $6.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Thursday, September 11th.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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