Corient Private Wealth LLC Acquires 114,903 Shares of Revvity Inc. $RVTY

Corient Private Wealth LLC grew its holdings in shares of Revvity Inc. (NYSE:RVTY) by 985.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,568 shares of the company’s stock after acquiring an additional 114,903 shares during the quarter. Corient Private Wealth LLC owned 0.11% of Revvity worth $12,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SHP Wealth Management acquired a new stake in shares of Revvity in the 4th quarter valued at approximately $100,000. Pacer Advisors Inc. increased its position in Revvity by 4.7% during the 4th quarter. Pacer Advisors Inc. now owns 11,152 shares of the company’s stock worth $1,079,000 after purchasing an additional 504 shares in the last quarter. Virtu Financial LLC bought a new position in Revvity in the 4th quarter valued at approximately $384,000. Alberta Investment Management Corp bought a new position in Revvity in the 4th quarter valued at approximately $1,442,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in Revvity by 10.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,656 shares of the company’s stock valued at $1,515,000 after buying an additional 1,480 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

RVTY has been the topic of a number of research reports. Robert W. Baird set a $117.00 target price on shares of Revvity in a research note on Wednesday, May 6th. Stifel Nicolaus dropped their price target on Revvity from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their price objective on Revvity from $96.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group reduced 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. Finally, Barclays upped their target price on Revvity from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $107.73.

Revvity Trading Up 0.9%

RVTY opened at $99.90 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.41. Revvity Inc. has a fifty-two week low of $81.22 and a fifty-two week high of $118.30. The company’s 50 day moving average price is $96.39 and its two-hundred day moving average price is $97.53. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 2.17 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 (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The firm had revenue of $711.12 million during the quarter, compared to the consensus estimate of $704.07 million. Revvity had a net margin of 8.26% and a return on equity of 8.00%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, research analysts predict that Revvity Inc. will post 5.25 earnings per share for the current year.

Revvity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 17th will be given 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 (DPR) 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.