Revvity Inc. $RVTY Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in Revvity Inc. (NYSE:RVTY) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,161,171 shares of the company’s stock after purchasing an additional 533,912 shares during the period. Janus Henderson Group PLC owned approximately 7.20% of Revvity worth $789,595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC lifted its position in Revvity by 0.9% in the fourth quarter. Byrne Asset Management LLC now owns 11,138 shares of the company’s stock worth $1,078,000 after purchasing an additional 100 shares during the period. New Mexico Educational Retirement Board lifted its position in Revvity by 1.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,416 shares of the company’s stock worth $524,000 after purchasing an additional 100 shares during the period. Allworth Financial LP lifted its position in Revvity by 8.9% in the fourth quarter. Allworth Financial LP now owns 1,275 shares of the company’s stock worth $123,000 after purchasing an additional 104 shares during the period. Trust Point Inc. lifted its position in Revvity by 3.8% in the fourth quarter. Trust Point Inc. now owns 3,215 shares of the company’s stock worth $311,000 after purchasing an additional 117 shares during the period. Finally, HighTower Advisors LLC lifted its position in Revvity by 2.6% in the fourth quarter. HighTower Advisors LLC now owns 5,141 shares of the company’s stock worth $497,000 after purchasing an additional 129 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen upped their target price on Revvity from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on Revvity from $96.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Wolfe Research assumed coverage on Revvity in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Wall Street Zen downgraded Revvity from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings downgraded Revvity from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Revvity presently has an average rating of “Hold” and an average target price of $107.73.

Revvity Price Performance

RVTY opened at $97.72 on Thursday. The stock has a fifty day moving average of $95.57 and a 200-day moving average of $97.62. The firm has a market capitalization of $10.90 billion, a P/E ratio of 46.75, a PEG ratio of 2.21 and a beta of 1.11. Revvity Inc. has a 12-month low of $81.22 and a 12-month 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 released its earnings results on Tuesday, May 5th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The company had revenue of $711.12 million during the quarter, compared to analyst estimates of $704.07 million. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. Equities analysts forecast that Revvity Inc. will post 5.25 EPS for the current fiscal year.

Revvity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 17th will be issued a $0.07 dividend. The ex-dividend date is Friday, July 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. Revvity’s dividend payout ratio is presently 13.40%.

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.