Thermo Fisher Scientific sr. vp Britt sells $2 million in stock

Lisa P. Britt, Senior Vice President and Chief Human Resources Officer at Thermo Fisher Scientific Inc. (NASDAQ: TMO), divested 2,831 shares of the company's common stock on October 28, 2026. The sale occurred at a price of $706.45 per share, resulting in a total of approximately $1,999,959. The stock was trading close to its 52-week peak of $711.85 at the time, with the equity delivering a robust 48% return over the past six months.

Post-transaction, Ms. Britt still directly owns 11,559.579 shares of Thermo Fisher Scientific common stock.

InvestingPro analysis suggests that the stock is presently overvalued compared to its intrinsic value. Investors can gain a more comprehensive understanding of Thermo Fisher Scientific's valuation by accessing the detailed Pro Research Report, which covers this and over 1,400 other US equities. In a separate development, Thermo Fisher Scientific disclosed robust third-quarter 2026 results, surpassing market expectations.

The company reported adjusted earnings per share of $6.68 and revenue of $12.14 billion, both exceeding the consensus estimates of $6.40 per share and $11.88 billion, respectively. Furthermore, Thermo Fisher achieved 6% organic growth during the quarter, leading to an upward revision of its full-year outlook for sales, profit, and cash flow.

Analysts from UBS maintained a Buy rating on Thermo Fisher Scientific, citing the strong quarterly performance and setting a price target of $800. Argus raised its price target to $780, highlighting the company's efficient capital deployment strategy, including mergers and acquisitions. Bernstein also increased its price target to $675, acknowledging Thermo Fisher's 6% organic growth, which outpaced the expected 4.2%.

Additionally, Thermo Fisher announced the retirement of Executive Vice President Michael D. Shafer, effective December 31, 2026, without providing further details on Shafer's successor.