12 High Growth Low Dividend Stocks To Invest In

8. Thermo Fisher Scientific Inc. (NYSE:TMO)

Dividend Yield as of February 24: 0.32%

Number of Hedge Fund Holders: 100

Founded in 1956, Thermo Fisher Scientific Inc. (NYSE:TMO) is headquartered in Waltham, Massachusetts. The company offers a wide range of products, including lab equipment, diagnostic kits, biopharma services, and analytical instruments, catering to industries like pharmaceuticals, biotechnology, and academia.

Thermo Fisher beat Q4 Wall Street expectations, posting earnings of $6.10 per share and revenue of $11.40 billion, outperforming estimates of $5.94 and $11.28 billion, respectively. While biotech spending has been sluggish, potential interest rate cuts could increase funding for the sector. Looking ahead, Thermo Fisher Scientific Inc. (NYSE:TMO) expects 2025 adjusted profits between $23.10 and $23.50 per share, in line with analyst predictions.

On February 19, Thermo Fisher Scientific Inc. (NYSE:TMO) announced a quarterly dividend of $0.43 per share, a 10% increase from its earlier dividend of $0.39. The dividend is payable on April 15, to shareholders on record as of March 14. TMO is one of the best high growth stocks to watch out for.

According to Insider Monkey’s fourth quarter database, Thermo Fisher Scientific Inc. (NYSE:TMO) was part of 100 hedge fund portfolios, compared to 98 in the prior quarter. David Blood and Al Gore’s Generation Investment Management was a prominent stakeholder of the company, with over 1.5 million shares worth $817.6 million.