Thermo Fisher Scientific Inc. (NYSE: TMO) is 17.60% higher on its value in year-to-date trading and has touched a low of $415.60 and a high of $622.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TMO stock was last observed hovering at around $620.42 in the last trading session, with the day’s gains setting it 3.79%.
Currently trading at $624.21, the stock is 2.60% and 6.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 0.61% at the moment leaves the stock 10.79% off its SMA200. TMO registered 20.44% gain for a year compared to 6-month loss of 4.13%.
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The stock witnessed a 4.70% gain in the last 1 month and extending the period to 3 months gives it a 7.35%, and is 2.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.45% over the month.
Thermo Fisher Scientific Inc. (TMO) has around 122000 employees, a market worth around $238.45B and $42.35B in sales. Current P/E ratio is 38.72 and Fwd P/E is 25.92. Profit margin for the company is 14.69%. Distance from 52-week low is 50.19% and 0.31% from its 52-week high. The company has generated returns on investments over the last 12 months (8.00%).
The EPS is expected to grow by 0.92% this year.
Thermo Fisher Scientific Inc. (TMO) Top Institutional Holders
3414.0 institutions hold shares in Thermo Fisher Scientific Inc. (TMO), with institutional investors hold 91.20% of the company’s shares. The shares outstanding are 386.65M, and float is at 381.40M with Short Float at 0.87%. Institutions hold 91.03% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 32.73 million shares valued at $18.1 billion. The investor’s holdings represent 8.5678% of the TMO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 29.53 million shares valued at $16.33 billion to account for 7.7302 of the shares outstanding. The other top investors are STATE STREET CORP which holds 16.19 million shares representing 4.2393% and valued at over $8.96 billion, while MORGAN STANLEY holds 3.1669 of the shares totaling 12.1 million with a market value of $6.69 billion.
Thermo Fisher Scientific Inc. (TMO) Insider Activity
The most recent transaction is an insider sale by CASPER MARC N, the company’s Chairman & CEO. SEC filings show that CASPER MARC N sold 10,000 shares of the company’s common stock on Sep 03 ’24 at a price of $608.74 per share for a total of $6.09 million. Following the sale, the insider now owns 0.12 million shares.
Thermo Fisher Scientific Inc. disclosed in a document filed with the SEC on Sep 04 ’24 that CASPER MARC N (Chairman & CEO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Sep 04 ’24 and was made at $608.15 per share for $6.08 million. Following the transaction, the insider now directly holds 0.12 million shares of the TMO stock.
Still, SEC filings show that on Sep 04 ’24, CASPER MARC N (Officer) Proposed Sale 10,000 shares at an average price of $605.66 for $6.06 million. The insider now directly holds shares of Thermo Fisher Scientific Inc. (TMO).
