Hsbc Holdings PLC Has $17.90 Million Stock Position in Revvity Inc. $RVTY

Hsbc Holdings PLC lowered its holdings in Revvity Inc. (NYSE:RVTY) by 26.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 184,648 shares of the company’s stock after selling 65,374 shares during the period. Hsbc Holdings PLC’s holdings in Revvity were worth $17,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in RVTY. Price T Rowe Associates Inc. MD lifted its holdings in shares of Revvity by 5.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,606,637 shares of the company’s stock worth $832,693,000 after buying an additional 434,570 shares during the last quarter. EdgePoint Investment Group Inc. grew 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. Janus Henderson Group PLC grew its stake in shares of Revvity by 7.0% in the fourth quarter. Janus Henderson Group PLC now owns 8,161,171 shares of the company’s stock worth $789,595,000 after acquiring an additional 533,912 shares during the last quarter. Morgan Stanley increased its position in Revvity by 29.6% during 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 period. Finally, Dimensional Fund Advisors LP increased its position in Revvity by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,612,116 shares of the company’s stock worth $252,727,000 after acquiring an additional 486,159 shares during the period. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

RVTY has been the subject of a number of research reports. Barclays increased their price target on shares of Revvity from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen downgraded shares of Revvity from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Stifel Nicolaus cut their price objective on shares of Revvity from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Robert W. Baird set a $117.00 target price on shares of Revvity in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their target price on Revvity from $96.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $107.73.

Revvity Stock Up 7.5%

Shares of RVTY stock opened at $113.60 on Friday. Revvity Inc. has a one year low of $81.22 and a one year high of $118.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.41. The stock has a fifty day moving average price of $97.06 and a 200 day moving average price of $97.64. The stock has a market cap of $12.67 billion, a P/E ratio of 54.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.11.

Revvity (NYSE:RVTY) last announced its quarterly earnings data 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. Revvity had a net margin of 8.26% and a return on equity of 8.00%. The company had revenue of $711.12 million during the quarter, compared to analysts’ expectations of $704.07 million. During the same quarter in the prior year, the company posted $1.01 EPS. The business’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. Analysts predict that Revvity Inc. will post 5.25 earnings per share for the current year.

Revvity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 17th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Revvity’s 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.