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Thermo Fisher Scientific Inc. Buyback

OLI recorded this information on 9/23/2021

Company: Thermo Fisher Scientific Inc.
Buyback: TMO buyback
$Amount Authorized: $3,000,000,000
Buyback Details: Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its board of directors has authorized the repurchase of $3 billion of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company's existing repurchase authorization, of which $500 million was remaining.

Thermo Fisher Scientific is engaged in serving science. Co.'s segments include: Life Sciences Solutions, which provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, which provides instruments, consumables, software and services that are used for a range of applications in the laboratory, on the production line and in the field; and Specialty Diagnostics, which provides diagnostic test kits, reagents, culture media, instruments and associated products for customers in healthcare, clinical, pharmaceutical, industrial, and food safety laboratories.

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Company Name: 
Thermo Fisher Scientific Inc
Stock buyback: 
TMO buyback
Website: 
www.thermofisher.com
Sector: 
Biotechnology
Number of ETFs Holding TMO: 
121
Total Market Value Held by ETFs: 
$21.52B
Total Market Capitalization: 
$245.20B
% of Market Cap. Held by ETFs: 
8.77%
 

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Strong Buy (3.84 out of 4)
68th percentile
(ranked higher than approx. 68% of all stocks covered)

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