Revvity Inc. $RVTY Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of Revvity Inc. (NYSE:RVTY) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,518,061 shares of the company’s stock after selling 570,737 shares during the period. Vanguard Group Inc. owned about 0.12% of Revvity worth $1,184,858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. increased its position in shares of Revvity by 26.7% during the second quarter. EdgePoint Investment Group Inc. now owns 6,789,660 shares of the company’s stock worth $656,696,000 after acquiring an additional 1,428,813 shares during the last quarter. Invesco Ltd. increased its holdings in Revvity by 25.8% during the 2nd quarter. Invesco Ltd. now owns 2,207,202 shares of the company’s stock worth $213,481,000 after purchasing an additional 452,343 shares during the last quarter. Primecap Management Co. CA raised its position in shares of Revvity by 18.7% in the 2nd quarter. Primecap Management Co. CA now owns 1,359,641 shares of the company’s stock valued at $131,504,000 after purchasing an additional 214,056 shares in the last quarter. Norges Bank acquired a new position in shares of Revvity in the 2nd quarter valued at approximately $124,574,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Revvity by 26.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,160,225 shares of the company’s stock valued at $112,217,000 after buying an additional 243,689 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on RVTY shares. JPMorgan Chase & Co. lifted their price target on shares of Revvity from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Robert W. Baird set a $129.00 target price on shares of Revvity in a research note on Tuesday, February 3rd. Bank of America downgraded Revvity from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a research note on Monday, December 15th. TD Cowen reiterated a “hold” rating on shares of Revvity in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group raised their price objective on Revvity from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Revvity currently has an average rating of “Hold” and a consensus target price of $113.67.

Revvity Stock Up 0.5%

Revvity stock opened at $100.37 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.40 and a current ratio of 1.68. Revvity Inc. has a one year low of $81.36 and a one year high of $120.39. The company has a 50-day simple moving average of $103.21 and a 200-day simple moving average of $96.07. The firm has a market capitalization of $11.38 billion, a P/E ratio of 48.25, a P/E/G ratio of 2.13 and a beta of 1.07.

Revvity (NYSE:RVTY) last posted its earnings results on Monday, February 2nd. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.15. Revvity had a net margin of 8.45% and a return on equity of 7.92%. The firm had revenue of $772.06 million during the quarter, compared to analyst estimates of $759.81 million. During the same period in the previous year, the business posted $1.42 EPS. Revvity’s revenue was up 5.9% on a year-over-year basis. Revvity has set its FY 2026 guidance at 5.350-5.450 EPS. As a group, equities analysts expect that Revvity Inc. will post 4.94 earnings per share for the current year.

Revvity declared that its Board of Directors has initiated a share buyback program on Monday, October 27th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 8.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Revvity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 17th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, April 17th. Revvity’s dividend payout ratio is 13.46%.

About Revvity

Revvity, Inc is a global provider of technology-enabled solutions for the life sciences, diagnostics and applied markets. The company develops and supplies a range of products and services, including reagents and consumables, laboratory instruments, workflow automation, software analytics and technical support. Its portfolio supports applications in drug discovery, genomics, cell biology research, environmental and food safety testing, industrial quality control and clinical diagnostics.

Tracing its heritage to Perkin-Elmer, founded in 1937, Revvity began trading on the New York Stock Exchange under the ticker symbol RVTY in January 2024 following a corporate rebranding.