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Elk River Wealth Management sold shares of Thermo Fisher, which beat earnings expectations and raised a dividend.
Elk River Wealth Management LLC reduced its holdings in Thermo Fisher Scientific Inc. by 1.2% in the first quarter, selling 121 shares and owning 9,738 shares worth $4,850,000.
Thermo Fisher reported earnings per share of $5.15, exceeding analysts' expectations, with revenue at $10.36 billion, up 0.2% year-over-year.
The company's stock has a "Moderate Buy" rating and a price target of $605.30.
Thermo Fisher also announced a dividend of $0.43 per share, payable on July 15th.
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Elk River Wealth Management vendió acciones de Thermo Fisher, las cuales superaron las expectativas de ganancias y aumentaron un dividendo.