Geode Capital Management LLC Reduces Stock Position in Revvity Inc. $RVTY

Geode Capital Management LLC lessened its position in shares of Revvity Inc. (NYSE:RVTY) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,891,637 shares of the company’s stock after selling 66,890 shares during the quarter. Geode Capital Management LLC owned 2.55% of Revvity worth $279,260,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in Revvity during the 2nd quarter valued at about $32,000. Cromwell Holdings LLC grew its stake in Revvity by 141.4% during the 4th quarter. Cromwell Holdings LLC now owns 338 shares of the company’s stock valued at $33,000 after purchasing an additional 198 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Revvity during the 2nd quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in Revvity during the 2nd quarter valued at about $49,000. Finally, Smartleaf Asset Management LLC grew its stake in Revvity by 56.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 690 shares of the company’s stock valued at $58,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Revvity from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Evercore boosted their target price on shares of Revvity from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Barclays boosted their target price on shares of Revvity from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on shares of Revvity from $96.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their target price on shares of Revvity from $107.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.73.

Revvity Stock Down 3.9%

RVTY opened at $100.44 on Tuesday. Revvity Inc. has a twelve month low of $81.22 and a twelve 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 company has a 50-day moving average price of $92.32 and a 200 day moving average price of $97.31. The company has a market cap of $11.21 billion, a PE ratio of 48.06, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11.

Revvity (NYSE:RVTY) last released its quarterly earnings results 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 firm had revenue of $711.12 million during the quarter, compared to the consensus estimate of $704.07 million. During the same quarter in the prior year, the firm earned $1.01 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. Sell-side analysts expect that Revvity Inc. will post 5.32 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. Investors of record on Friday, July 17th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 17th. Revvity’s dividend payout ratio is currently 13.40%.

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.