Revvity Inc. $RVTY Stake Increased by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in Revvity Inc. (NYSE:RVTY) by 7.0% during the fourth quarter, HoldingsChannel reports. The fund owned 8,161,171 shares of the company’s stock after purchasing an additional 533,912 shares during the quarter. Janus Henderson Group PLC owned about 0.07% of Revvity worth $789,595,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RVTY. EdgePoint Investment Group Inc. increased 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 worth $751,536,000 after acquiring an additional 1,784,620 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Revvity by 127.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,751,612 shares of the company’s stock worth $171,921,000 after acquiring an additional 980,142 shares during the last quarter. Norges Bank acquired a new position in shares of Revvity in the fourth quarter worth $80,382,000. Morgan Stanley increased its stake in shares of Revvity by 29.6% in the fourth quarter. Morgan Stanley now owns 2,844,464 shares of the company’s stock worth $275,202,000 after acquiring an additional 650,083 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Revvity by 39.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,125,957 shares of the company’s stock worth $186,307,000 after acquiring an additional 596,436 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RVTY has been the topic of a number of research reports. Wall Street Zen downgraded shares of Revvity from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Stifel Nicolaus dropped 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. Barclays upped their price target on shares of Revvity from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of Revvity from $96.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Wolfe Research initiated coverage on shares of Revvity in a research note on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $107.73.

Revvity Trading Down 3.5%

Shares of NYSE:RVTY opened at $97.72 on Thursday. The company has a market cap of $10.90 billion, a P/E ratio of 46.75, a P/E/G ratio of 2.21 and a beta of 1.11. The stock’s 50-day moving average is $95.57 and its 200-day moving average is $97.62. Revvity Inc. has a 52-week low of $81.22 and a 52-week high of $118.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.72.

Revvity (NYSE:RVTY) last issued 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 company had revenue of $711.12 million for the quarter, compared to the consensus estimate of $704.07 million. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. Equities research analysts predict that Revvity Inc. will post 5.25 earnings per share for the current year.

Revvity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 17th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend 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%.

Revvity Company 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.