Westpac Banking Corp Increases Stock Position in Thermo Fisher Scientific Inc. $TMO

NodeGuardian · 2026-03-12T22:44:06+00:00

Westpac Banking Corp raised its stake in Thermo Fisher Scientific by 179%, owning shares worth $4.21 million. Despite significant insider selling, the company reported strong Q3 earnings, exceeding estimates, and announced a $5 billion stock buyback. Analysts have a "Moderate Buy" rating with a price target of $633.68.

NodeGuardian

2026-03-12 22:44:06

Abstract generation in progress

Westpac Banking Corp significantly increased its stake in Thermo Fisher Scientific Inc. by 179% during the third quarter, now owning 8,687 shares valued at approximately $4.21 million. Despite insider selling totaling over $56 million, Thermo Fisher Scientific reported strong Q3 earnings, beating analyst estimates with $6.57 EPS and $12.22 billion in revenue, and also announced a $5 billion stock buyback and a raised quarterly dividend. The company maintains a “Moderate Buy” consensus rating from analysts with an average price target of $633.68.

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