Revvity Inc. $RVTY Position Raised by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. grew its stake in Revvity Inc. (NYSE:RVTY) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,800,863 shares of the company’s stock after purchasing an additional 265,204 shares during the period. Revvity makes up about 6.2% of EdgePoint Investment Group Inc.’s portfolio, making the stock its 6th biggest position. EdgePoint Investment Group Inc. owned about 0.08% of Revvity worth $771,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of RVTY. Tudor Investment Corp ET AL purchased a new position in shares of Revvity during the 3rd quarter worth about $15,128,000. Allspring Global Investments Holdings LLC raised its position in Revvity by 127.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,751,612 shares of the company’s stock worth $171,921,000 after purchasing an additional 980,142 shares during the period. KBC Group NV raised its position in Revvity by 115.4% in the 4th quarter. KBC Group NV now owns 39,522 shares of the company’s stock worth $3,824,000 after purchasing an additional 21,174 shares during the period. Corient Private Wealth LLC lifted its stake in Revvity by 985.0% in the fourth quarter. Corient Private Wealth LLC now owns 126,568 shares of the company’s stock worth $12,245,000 after purchasing an additional 114,903 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Revvity by 6.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 426,899 shares of the company’s stock valued at $41,302,000 after buying an additional 25,233 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 research firms have recently commented on RVTY. Stifel Nicolaus cut their target price on Revvity from $110.00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Wolfe Research assumed coverage on Revvity in a report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Weiss Ratings raised Revvity from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Sanford C. Bernstein started coverage on Revvity in a research note on Friday, June 26th. They issued a “market perform” rating and a $115.00 target price on the stock. Finally, Wall Street Zen downgraded Revvity from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $108.92.

Revvity Stock Down 2.2%

Shares of NYSE:RVTY opened at $108.04 on Tuesday. The business’s 50 day moving average is $105.15 and its 200 day moving average is $99.61. The stock has a market cap of $12.05 billion, a P/E ratio of 51.69, a price-to-earnings-growth ratio of 2.17 and a beta of 1.09. Revvity Inc. has a 52-week low of $81.22 and a 52-week 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.

Revvity (NYSE:RVTY) last issued its earnings results on Tuesday, May 5th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The business had revenue of $711.12 million during the quarter, compared to analyst estimates of $704.07 million. During the same period in the previous year, the company posted $1.01 EPS. Revvity’s revenue 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 predict that Revvity Inc. will post 5.25 EPS for the current year.

Revvity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 17th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 17th. Revvity’s dividend payout ratio is presently 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.