Korea Investment CORP Sells 29,300 Shares of Revvity Inc. $RVTY

Korea Investment CORP lowered its holdings in shares of Revvity Inc. (NYSE:RVTY) by 41.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,965 shares of the company’s stock after selling 29,300 shares during the period. Korea Investment CORP’s holdings in Revvity were worth $3,678,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Blair William & Co. IL grew its position in Revvity by 22.7% in the third quarter. Blair William & Co. IL now owns 7,701 shares of the company’s stock valued at $675,000 after acquiring an additional 1,423 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Revvity by 31.9% in the third quarter. First Trust Advisors LP now owns 156,094 shares of the company’s stock worth $13,682,000 after acquiring an additional 37,740 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Revvity in the third quarter worth about $526,000. Neuberger Berman Group LLC boosted its stake in shares of Revvity by 4,598.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 460,447 shares of the company’s stock valued at $40,358,000 after purchasing an additional 450,648 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Revvity by 5.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,852 shares of the company’s stock valued at $951,000 after purchasing an additional 571 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RVTY has been the subject of a number of research analyst reports. Evercore upped their price objective on shares of Revvity from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group raised their target price on shares of Revvity from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Wells Fargo & Company boosted their target price on shares of Revvity from $107.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Bank of America cut Revvity from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a research note on Monday, December 15th. Finally, Robert W. Baird set a $129.00 price objective on Revvity in a report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $113.67.

Revvity Stock Down 5.6%

NYSE:RVTY opened at $84.63 on Friday. Revvity Inc. has a one year low of $81.36 and a one year high of $118.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market cap of $9.46 billion, a PE ratio of 40.69, a P/E/G ratio of 1.90 and a beta of 1.10. The firm’s 50 day simple moving average is $102.52 and its 200 day simple moving average is $96.54.

Revvity (NYSE:RVTY) last announced its quarterly earnings results on Monday, February 2nd. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.15. The firm had revenue of $772.06 million during the quarter, compared to analysts’ expectations of $759.81 million. Revvity had a net margin of 8.45% and a return on equity of 7.92%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 EPS. Revvity has set its FY 2026 guidance at 5.350-5.450 EPS. On average, research analysts anticipate that Revvity Inc. will post 4.94 earnings per share for the current year.

Revvity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 17th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, April 17th. Revvity’s dividend payout ratio is presently 13.46%.

Revvity Profile

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.