5,800 Shares in Revvity Inc. $RVTY Bought by Louisiana State Employees Retirement System

by · The Cerbat Gem

Louisiana State Employees Retirement System bought a new stake in shares of Revvity Inc. (NYSE:RVTY – Free Report) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 5,800 shares of the company’s stock, valued at approximately $508,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Revvity by 5.3% during 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 purchasing an additional 434,570 shares during the period. EdgePoint Investment Group Inc. lifted its stake in shares of Revvity by 26.3% in the third quarter. EdgePoint Investment Group Inc. now owns 8,574,280 shares of the company’s stock valued at $751,536,000 after buying an additional 1,784,620 shares during the period. Janus Henderson Group PLC grew its position in Revvity by 7.0% during the fourth quarter. Janus Henderson Group PLC now owns 8,161,171 shares of the company’s stock worth $789,595,000 after buying an additional 533,912 shares in the last quarter. Morgan Stanley grew its position in Revvity by 29.6% during the fourth quarter. Morgan Stanley now owns 2,844,464 shares of the company’s stock worth $275,202,000 after buying an additional 650,083 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Revvity by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,612,116 shares of the company’s stock valued at $252,727,000 after acquiring an additional 486,159 shares during the period. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on RVTY shares. Evercore reiterated an “outperform” rating and issued a $125.00 price objective on shares of Revvity in a research report on Monday. The Goldman Sachs Group lowered their price objective on Revvity from $110.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Barclays upped their target price on Revvity from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Stifel Nicolaus decreased their price target on shares of Revvity from $110.00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein assumed coverage on shares of Revvity in a report on Friday, June 26th. They issued a “market perform” rating and a $115.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.92.

Check Out Our Latest Stock Report on Revvity

Revvity Trading Down 0.7%

Shares of RVTY stock opened at $112.15 on Wednesday. The company has a market capitalization of $12.51 billion, a P/E ratio of 53.66, a P/E/G ratio of 2.47 and a beta of 1.09. Revvity Inc. has a 12-month low of $81.22 and a 12-month high of $118.30. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $100.42 and a 200 day moving average price of $98.36.

Revvity (NYSE:RVTY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. Revvity had a net margin of 8.26% and a return on equity of 8.00%. The company had revenue of $711.12 million during the quarter, compared to analyst estimates of $704.07 million. During the same quarter last year, the business posted $1.01 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. Research analysts forecast that Revvity Inc. will post 5.25 earnings per share for the current fiscal year.

Revvity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 17th will be given a $0.07 dividend. The ex-dividend date is Friday, July 17th. This represents a $0.28 annualized dividend and a yield of 0.2%. Revvity’s payout ratio is presently 13.40%.

Revvity Company Profile

(Free Report)

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.

See Also

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