Is Thermo Fisher Scientific Inc. (TMO) a Good Stock to Invest in?

Since Thermo Fisher Scientific Inc. (NYSE:TMO) has faced a decline in interest from the entirety of the hedge funds we track, it’s safe to say that there lies a certain “tier” of hedgies who were dropping their full holdings by the end of the third quarter. Interestingly, Arthur B Cohen and Joseph Healey’s Healthcor Management LP sold off the biggest position of all the hedgies monitored by Insider Monkey, comprising close to $34.5 million in stock. Barry Dargan’s fund, Intermede Investment Partners, also dumped its stock, about $23 million worth.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Thermo Fisher Scientific Inc. (NYSE:TMO) but similarly valued. We will take a look at Time Warner Inc (NYSE:TWX), American Express Company (NYSE:AXP), Abbott Laboratories (NYSE:ABT), and Occidental Petroleum Corporation (NYSE:OXY). This group of stocks’ market caps are similar to TMO’s market cap.

As you can see these stocks had an average of 49 funds holding long positions and the average amount invested in these stocks was $4.63 billion. That figure was $2.92 billion in Thermo Fisher Scientific’s case. Time Warner Inc (NYSE:TWX) is the most popular stock in this table with 56 funds holding shares. On the other hand Occidental Petroleum Corporation (NYSE:OXY) is the least popular one with only 40 bullish hedge fund positions. Thermo Fisher Scientific Inc. (NYSE:TMO) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Time Warner Inc (NYSE:TWX) might be a better candidate to consider a long position.