Thermo Fisher Scientific (TMO) Shareholder Findlay Park Partners Llp Cut Position by $139.49 Million; As General Electric (GE) Share Price Declined, Holder Bowen Hanes & Co Has Lowered Position

August 12, 2018 - By Pearl Odom

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Findlay Park Partners Llp decreased its stake in Thermo Fisher Scientific Inc (TMO) by 32.6% based on its latest 2018Q1 regulatory filing with the SEC. Findlay Park Partners Llp sold 677,151 shares as the company’s stock declined 0.20% with the market. The institutional investor held 1.40 million shares of the industrial machinery and components company at the end of 2018Q1, valued at $289.04 million, down from 2.08M at the end of the previous reported quarter. Findlay Park Partners Llp who had been investing in Thermo Fisher Scientific Inc for a number of months, seems to be less bullish one the $93.22B market cap company. The stock decreased 0.78% or $1.82 during the last trading session, reaching $231.42. About 1.15 million shares traded. Thermo Fisher Scientific Inc. (NYSE:TMO) has risen 23.57% since August 12, 2017 and is uptrending. It has outperformed by 11.00% the S&P500. Some Historical TMO News: 15/05/2018 – OMEGA ADVISORS – CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017; 25/04/2018 – GLOBALSTAR INC – MERGER TO ORGANIZE PRO FORMA CO INTO 4 PRINCIPAL OPERATING SUBSIDIARIES UNDER NAME THERMO COMPANIES INC AS PUBLIC COMPANY; 09/03/2018 – Skyland Analytics Appoints James C. Mullen, Former Biogen and Patheon CEO, to Advisory Board; 24/05/2018 – Thermo Fisher Scientific Declares Quarterly Dividend; 24/05/2018 – Global Thermo Ventilators Market Expected to Reach $3,718 Million by 2023, Says Allied Market Research; 24/05/2018 – THERMO FISHER SCIENTIFIC INC TMO.N SETS QUARTERLY CASH DIVIDEND OF $0.17/SHR; 24/04/2018 – Bio-Techne Announces New Leadership Appointment; 25/04/2018 – Thermo Fisher 1Q Net $579M; 23/04/2018 – Thermo Fisher Scientific Inc expected to post earnings of $2.40 a share – Earnings Preview; 16/03/2018 – Thermo Fisher Scientific Acquires lntegenX, Provider of Leading Rapid DNA Technology for Human Identification

Bowen Hanes & Co Inc decreased its stake in General Electric (GE) by 50.66% based on its latest 2018Q1 regulatory filing with the SEC. Bowen Hanes & Co Inc sold 105,078 shares as the company’s stock declined 0.14% with the market. The institutional investor held 102,360 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $1.38M, down from 207,438 at the end of the previous reported quarter. Bowen Hanes & Co Inc who had been investing in General Electric for a number of months, seems to be less bullish one the $110.99 billion market cap company. The stock decreased 1.31% or $0.17 during the last trading session, reaching $12.77. About 48.45M shares traded. General Electric Company (NYSE:GE) has declined 46.78% since August 12, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 21/05/2018 – WABTEC AND GE TRANSPORTATION TO MERGE; 26/03/2018 – IBD: Boeing, GE Likely Winners Of This Massive American Airlines Order; 12/04/2018 – 50UA: GE Capital European Funding: FRN Variable Rate Fix; 20/04/2018 – GE – GE CAPITAL RESULTS FOR QTR INCLUDE $45 MLN CHARGE RELATED TO UPDATES TO U.S. TAX REFORM IMPACT ON ENERGY INVESTMENTS; 23/05/2018 – GE SAYS PURSUING OPTIONS TO DE-RISK GE CAPITAL – PRESENTATION; 20/04/2018 – GE reported first-quarter earnings that exceeded expectations; 21/05/2018 – WABTEC – AFTER DEAL, CO TO HAVE ABOUT $8 BLN IN REVENUES, HIGHER MARGINS, ABOUT 15 PCT CASH EPS ACCRETION IN YEAR ONE; 25/04/2018 – GE and the U.S. Army conduct T901 Preliminary Design Review for Improved Turbine Engine Program; 12/03/2018 – Immelt had 72% pay cut after plunging profits hit GE; 16/04/2018 – General Electric Company: Doc re: GE files Form 8-K

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.05, from 0.91 in 2017Q4. It turned negative, as 42 investors sold TMO shares while 444 reduced holdings. 119 funds opened positions while 301 raised stakes. 331.98 million shares or 1.09% less from 335.65 million shares in 2017Q4 were reported. 15,137 were reported by Burns J W Incorporated Ny. Sumitomo Mitsui Asset Mgmt Limited holds 0.11% or 35,263 shares. Stephens Ar reported 12,285 shares. Charter Tru holds 0.45% in Thermo Fisher Scientific Inc. (NYSE:TMO) or 17,628 shares. Steinberg Asset Mngmt Limited holds 15,590 shares or 1.44% of its portfolio. M Kraus & holds 5.06% or 38,539 shares in its portfolio. 82,889 were reported by Lathrop Management. Yhb Invest Advsrs Inc has invested 3.47% in Thermo Fisher Scientific Inc. (NYSE:TMO). 1,377 are held by Wealth Architects Ltd Liability Company. Redmond Asset Mngmt Ltd Llc stated it has 0.12% in Thermo Fisher Scientific Inc. (NYSE:TMO). Bailard reported 1,158 shares or 0.02% of all its holdings. 1,137 are held by First Western Cap Mgmt. First Advsrs LP holds 0.05% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO) for 95,339 shares. Court Place Advisors Llc reported 2,284 shares or 0.2% of all its holdings. Amica Mutual reported 26,374 shares.

Analysts await Thermo Fisher Scientific Inc. (NYSE:TMO) to report earnings on October, 24. They expect $2.55 earnings per share, up 10.39% or $0.24 from last year’s $2.31 per share. TMO’s profit will be $1.03B for 22.69 P/E if the $2.55 EPS becomes a reality. After $2.75 actual earnings per share reported by Thermo Fisher Scientific Inc. for the previous quarter, Wall Street now forecasts -7.27% negative EPS growth.

Since February 15, 2018, it had 0 insider purchases, and 8 selling transactions for $39.00 million activity. HARRIS C MARTIN sold 206 shares worth $44,174. Parrett William G also sold $209,796 worth of Thermo Fisher Scientific Inc. (NYSE:TMO) shares. Shares for $511,511 were sold by Williamson Stephen.

Findlay Park Partners Llp, which manages about $10.05 billion US Long portfolio, upped its stake in Schlumberger Ltd (NYSE:SLB) by 470,000 shares to 2.27 million shares, valued at $147.05M in 2018Q1, according to the filing. It also increased its holding in Marsh & Mclennan Cos Inc (NYSE:MMC) by 287,768 shares in the quarter, for a total of 1.44M shares, and has risen its stake in Fiserv Inc (NASDAQ:FISV).

Among 19 analysts covering Thermo Fisher Scientific (NYSE:TMO), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. Thermo Fisher Scientific had 65 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained Thermo Fisher Scientific Inc. (NYSE:TMO) on Wednesday, September 27 with “Hold” rating. The firm has “Buy” rating given on Thursday, January 18 by Robert W. Baird. Goldman Sachs upgraded the stock to “Americas Conviction Buy List” rating in Tuesday, December 8 report. Jefferies maintained the stock with “Hold” rating in Tuesday, August 22 report. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Buy” rating by Robert W. Baird on Monday, October 23. The rating was maintained by Cowen & Co with “Buy” on Wednesday, October 25. The stock has “Overweight” rating by Morgan Stanley on Thursday, February 1. The rating was maintained by Cowen & Co on Wednesday, January 31 with “Buy”. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Buy” rating by Mizuho on Thursday, July 23. The firm has “Outperform” rating given on Thursday, November 10 by Leerink Swann.

Bowen Hanes & Co Inc, which manages about $2.46 billion and $2.16B US Long portfolio, upped its stake in Ibm (NYSE:IBM) by 9,870 shares to 162,285 shares, valued at $24.90 million in 2018Q1, according to the filing. It also increased its holding in Jpmorgan Chase (NYSE:JPM) by 11,100 shares in the quarter, for a total of 22,349 shares, and has risen its stake in Nokia (Fi) (NYSE:NOK).

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It is positive, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. The New York-based Independent Invsts Incorporated has invested 0.48% in General Electric Company (NYSE:GE). Oakbrook Invests reported 0.47% of its portfolio in General Electric Company (NYSE:GE). Seaward Mngmt Partnership has invested 0.38% in General Electric Company (NYSE:GE). 6,935 were reported by Tortoise Investment Mngmt Limited Liability. The Illinois-based Balasa Dinverno And Foltz Ltd Com has invested 0.1% in General Electric Company (NYSE:GE). Stone Run Capital Llc owns 188,855 shares or 1.34% of their US portfolio. Panagora Asset Management accumulated 0.02% or 321,677 shares. Dt Inv Partners Lc owns 0.4% invested in General Electric Company (NYSE:GE) for 188,963 shares. Tocqueville Asset Mgmt Lp stated it has 2.51M shares or 0.43% of all its holdings. Rhode Island-based Whalerock Point Prtn Limited Co has invested 0.08% in General Electric Company (NYSE:GE). Wellington Shields & Limited Com holds 0.41% or 99,381 shares in its portfolio. Fifth Third Bancorporation owns 3.11M shares or 0.29% of their US portfolio. Baker Ellis Asset Ltd Liability Corporation invested in 12,950 shares or 0.05% of the stock. National Bank & Trust Of New York Mellon Corporation holds 0.31% or 82.84 million shares. Caz Investments LP holds 0.13% or 5,000 shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 19. They expect $0.22 EPS, down 24.14% or $0.07 from last year’s $0.29 per share. GE’s profit will be $1.91B for 14.51 P/E if the $0.22 EPS becomes a reality. After $0.19 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 15.79% EPS growth.

Since July 24, 2018, it had 1 buy, and 0 sales for $2.49 million activity.

Among 29 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. General Electric Company had 110 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained General Electric Company (NYSE:GE) rating on Thursday, March 23. BMO Capital Markets has “Hold” rating and $67 target. Bernstein maintained General Electric Company (NYSE:GE) on Tuesday, July 26 with “Market Perform” rating. On Tuesday, January 30 the stock rating was maintained by Stifel Nicolaus with “Hold”. On Tuesday, July 25 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Vetr on Wednesday, August 26. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, February 26. RBC Capital Markets has “Hold” rating and $16.0 target. The firm earned “Focus List” rating on Wednesday, September 16 by Credit Suisse. The stock of General Electric Company (NYSE:GE) has “Underweight” rating given on Monday, February 12 by JP Morgan. The company was downgraded on Tuesday, November 14 by RBC Capital Markets. DZ Bank downgraded the stock to “Sell” rating in Wednesday, March 28 report.

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