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Factory Mutual Insurance Co. Increases Holdings in Thermo Fisher Scientific Inc. $TMO
Factory Mutual Insurance Co. has increased its stake in Thermo Fisher Scientific Inc. by 2.6%, bringing its total holdings to 98,935 shares valued at $47.985 million. Other institutional investors also raised their positions, with institutional ownership of Thermo Fisher now standing at 89.23%. The company recently exceeded quarterly earnings and revenue expectations and announced a $5 billion share repurchase program, despite some insider selling.