Mitsubishi UFJ Asset Management Co. Ltd. Buys 16,632 Shares of Revvity Inc. $RVTY

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Revvity Inc. (NYSE:RVTY) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,370 shares of the company’s stock after purchasing an additional 16,632 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Revvity were worth $21,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First National Advisers LLC increased its position in shares of Revvity by 0.8% during the 3rd quarter. First National Advisers LLC now owns 15,023 shares of the company’s stock valued at $1,317,000 after purchasing an additional 125 shares during the last quarter. FWG Holdings LLC boosted its stake in Revvity by 2.8% during the third quarter. FWG Holdings LLC now owns 6,215 shares of the company’s stock worth $592,000 after buying an additional 167 shares during the period. NorthCrest Asset Manangement LLC increased its position in Revvity by 2.5% during the third quarter. NorthCrest Asset Manangement LLC now owns 7,514 shares of the company’s stock valued at $685,000 after acquiring an additional 180 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Revvity by 25.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 900 shares of the company’s stock worth $87,000 after acquiring an additional 185 shares during the last quarter. Finally, Leslie Global Wealth LLC boosted its stake in shares of Revvity by 9.3% during the 2nd quarter. Leslie Global Wealth LLC now owns 2,195 shares of the company’s stock worth $212,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RVTY shares. TD Cowen reissued a “hold” rating on shares of Revvity in a research report on Tuesday, February 3rd. Weiss Ratings raised Revvity from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Bank of America downgraded Revvity from a “buy” rating to a “neutral” rating and set a $110.00 price target on the stock. in a report on Monday, December 15th. Wall Street Zen raised Revvity from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Evercore boosted their price objective on Revvity from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $113.67.

Revvity Stock Performance

Shares of NYSE:RVTY opened at $98.23 on Monday. The firm’s 50 day simple moving average is $103.31 and its 200-day simple moving average is $96.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.40 and a current ratio of 1.68. Revvity Inc. has a one year low of $81.36 and a one year high of $120.39. The firm has a market cap of $10.98 billion, a PE ratio of 47.23, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10.

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

Revvity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 17th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, April 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.3%. Revvity’s dividend payout ratio (DPR) is currently 13.46%.

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.