Johnson Financial Group Inc. Sells 200 Shares of Revvity, Inc. (NYSE:RVTY)

Johnson Financial Group Inc. reduced its stake in Revvity, Inc. (NYSE:RVTY) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 500 shares of the company’s stock after selling 200 shares during the quarter. Johnson Financial Group Inc.’s holdings in Revvity were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC bought a new position in Revvity in the 4th quarter worth $10,897,000. Coldstream Capital Management Inc. raised its holdings in Revvity by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,390 shares of the company’s stock valued at $267,000 after acquiring an additional 143 shares during the period. Syon Capital LLC raised its holdings in Revvity by 14.0% during the fourth quarter. Syon Capital LLC now owns 1,820 shares of the company’s stock valued at $203,000 after acquiring an additional 223 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Revvity by 16.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 20,761,308 shares of the company’s stock valued at $2,317,170,000 after acquiring an additional 2,969,326 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Revvity by 17.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,631,597 shares of the company’s stock valued at $851,764,000 after acquiring an additional 1,151,821 shares during the period. 86.65% of the stock is owned by institutional investors.

Insider Activity at Revvity

In related news, insider Joel S. Goldberg sold 15,170 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $126.73, for a total transaction of $1,922,494.10. Following the sale, the insider now owns 33,400 shares of the company’s stock, valued at $4,232,782. This trade represents a 31.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RVTY. KeyCorp raised their price target on Revvity from $132.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Robert W. Baird cut their price objective on Revvity from $141.00 to $127.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. Raymond James restated an “outperform” rating and set a $145.00 price objective (up previously from $140.00) on shares of Revvity in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on Revvity from $130.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Finally, Sanford C. Bernstein lowered Revvity from an “outperform” rating to a “market perform” rating and set a $130.00 price objective for the company. in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.50.

Revvity Stock Up 0.8 %

Shares of RVTY opened at $95.00 on Tuesday. The firm has a market capitalization of $11.41 billion, a P/E ratio of 42.99, a P/E/G ratio of 3.82 and a beta of 1.07. Revvity, Inc. has a 12-month low of $88.53 and a 12-month high of $129.50. The company has a current ratio of 3.60, a quick ratio of 3.03 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $104.47 and a 200-day moving average price of $112.80.

Revvity (NYSE:RVTY) last issued its earnings results on Monday, April 28th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $664.76 million during the quarter, compared to analyst estimates of $662.30 million. Revvity had a net margin of 9.81% and a return on equity of 7.68%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. Equities research analysts expect that Revvity, Inc. will post 4.94 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 8th. Stockholders of record on Friday, July 18th will be issued a $0.07 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.28 annualized dividend and a dividend yield of 0.29%. Revvity’s dividend payout ratio is currently 12.67%.

Revvity Profile

Revvity, Inc provides health sciences solutions, technologies, and services in the Americas, Europe, and Asia, and internationally. The Life Sciences segment provides instruments, reagents, informatics, software, subscriptions, detection, imaging technologies, warranties, training, and services. Its Diagnostics segment provides instruments, reagents, assay platforms, and software products for the early detection of genetic disorders, such as pregnancy and early childhood, as well as infectious disease testing in the diagnostics market.