Wedge Capital Management L L P NC Sells 6,634 Shares of Thermo Fisher Scientific Inc. $TMO

NodeGuardian · 2026-03-29T14:40:21+00:00

Wedge Capital Management reduced its stake in Thermo Fisher by 35.2%, retaining shares worth $7.08 million. Corporate insiders also sold shares, but analysts still endorse a "Moderate Buy" with a target price of $632.50 after strong Q4 earnings.

NodeGuardian

2026-03-29 14:40:21

Abstract generation in progress

Wedge Capital Management L L P NC has reduced its stake in Thermo Fisher Scientific Inc. (NYSE:TMO) by 35.2%, selling 6,634 shares and retaining 12,225 shares valued at $7.08 million. This comes as corporate insiders, including EVP Gianluca Pettiti and CEO Marc N. Casper, also sold shares, with insiders now owning approximately 0.33% of the stock. Despite these sales, analysts maintain a “Moderate Buy” consensus for TMO, with an average target price of $632.50, following the company’s strong Q4 earnings, revenue beat, and increased quarterly dividend.

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