11,828 Shares in Revvity Inc. $RVTY Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in shares of Revvity Inc. (NYSE:RVTY) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,828 shares of the company’s stock, valued at approximately $1,315,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RVTY. EdgePoint Investment Group Inc. increased its position in shares of Revvity by 3.1% during the first quarter. EdgePoint Investment Group Inc. now owns 8,800,863 shares of the company’s stock valued at $771,044,000 after acquiring an additional 265,204 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Revvity in the 2nd quarter valued at approximately $961,017,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Revvity by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,606,637 shares of the company’s stock worth $832,693,000 after acquiring an additional 434,570 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Revvity by 2.3% in the 1st quarter. Janus Henderson Group PLC now owns 8,348,127 shares of the company’s stock worth $731,386,000 after acquiring an additional 186,956 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Revvity during the 2nd quarter worth approximately $852,070,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RVTY shares. Zacks Research upgraded shares of Revvity from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Wolfe Research started coverage on Revvity in a research note on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Evercore restated an “outperform” rating on shares of Revvity in a research report on Wednesday, August 5th. Weiss Ratings raised Revvity from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen downgraded Revvity from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $108.36.

Revvity Trading Up 0.1%

Shares of RVTY stock opened at $128.88 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.50 and a current ratio of 1.80. The stock has a market capitalization of $14.38 billion, a P/E ratio of 61.37, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. The company has a 50 day moving average price of $114.09 and a 200 day moving average price of $101.20. Revvity Inc. has a fifty-two week low of $81.22 and a fifty-two week high of $130.07.

Revvity (NYSE:RVTY) last released its earnings results on Tuesday, August 4th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.20. The company had revenue of $729.69 million for the quarter, compared to analyst estimates of $702.96 million. Revvity had a net margin of 8.16% and a return on equity of 8.34%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. Equities research analysts predict that Revvity Inc. will post 5.36 EPS for the current fiscal year.

Revvity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. Revvity’s dividend payout ratio is currently 13.33%.

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.