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Thermo Fisher's shares rise as major investor increases stake, company beats earnings and sets dividend.
Thermo Fisher Scientific Inc., a major life sciences solutions provider, saw a 2.5% increase in shares held by J. Safra Sarasin, totaling $17.54 million.
The company recently beat earnings estimates with an EPS of $5.36 and reported $10.86 billion in revenue.
Thermo Fisher also announced a quarterly dividend of $0.43 per share, payable on October 15th.
Despite a 13% decrease in shares held by Moors & Cabot, analysts maintain a "Moderate Buy" rating with a target price of $593.00.
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Las acciones de Thermo Fisher suben a medida que el mayor inversor aumenta su participación, la compañía supera las ganancias y establece el dividendo.