650 Shares in Revvity, Inc. (NYSE:RVTY) Bought by Sentry Investment Management LLC

Sentry Investment Management LLC bought a new position in shares of Revvity, Inc. (NYSE:RVTY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 650 shares of the company’s stock, valued at approximately $71,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Byrne Asset Management LLC bought a new stake in shares of Revvity in the 4th quarter valued at $1,112,000. State of Michigan Retirement System bought a new stake in Revvity during the fourth quarter valued at $3,688,000. Gulf International Bank UK Ltd acquired a new stake in Revvity during the 4th quarter worth about $1,136,000. State of Alaska Department of Revenue bought a new position in shares of Revvity in the 4th quarter worth about $1,456,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Revvity in the 4th quarter valued at about $1,303,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RVTY has been the subject of several recent analyst reports. KeyCorp raised their target price on Revvity from $110.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Revvity from $95.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Barclays increased their target price on shares of Revvity from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Raymond James lifted their price target on shares of Revvity from $106.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, UBS Group cut shares of Revvity from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $105.00 to $125.00 in a research report on Tuesday, January 16th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Revvity presently has an average rating of “Moderate Buy” and a consensus target price of $118.91.

Insiders Place Their Bets

In other Revvity news, insider Prahlad R. Singh sold 21,217 shares of Revvity stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $104.28, for a total transaction of $2,212,508.76. Following the transaction, the insider now owns 92,801 shares of the company’s stock, valued at approximately $9,677,288.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by insiders.

Revvity Stock Performance

Shares of RVTY opened at $99.33 on Friday. The firm has a market capitalization of $12.27 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.61 and a beta of 1.09. Revvity, Inc. has a 52 week low of $79.50 and a 52 week high of $135.88. The stock has a 50 day moving average price of $104.83 and a two-hundred day moving average price of $101.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.77 and a current ratio of 2.07.

Revvity (NYSE:RVTY) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. Revvity had a return on equity of 7.41% and a net margin of 25.20%. The business had revenue of $695.90 million during the quarter. Equities analysts forecast that Revvity, Inc. will post 4.65 earnings per share for the current fiscal year.

Revvity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, April 18th. Revvity’s payout ratio is currently 5.09%.

Revvity Profile

Revvity, Inc provides health sciences solutions, technologies, and services in the Americas, Europe, and Asia, and internationally. The Life Sciences segment provides instruments, reagents, informatics, software, subscriptions, detection, imaging technologies, warranties, training, and services. Its Diagnostics segment provides instruments, reagents, assay platforms, and software products for the early detection of genetic disorders, such as pregnancy and early childhood, as well as infectious disease testing in the diagnostics market.