Nicholas Company Inc. Buys 10,730 Shares of Revvity Inc. $RVTY

Nicholas Company Inc. boosted its stake in shares of Revvity Inc. (NYSE:RVTY) by 8.1% during the 4th quarter, HoldingsChannel reports. The fund owned 143,330 shares of the company’s stock after purchasing an additional 10,730 shares during the period. Nicholas Company Inc.’s holdings in Revvity were worth $13,867,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RVTY. AQR Capital Management LLC increased its stake in Revvity by 5.2% during the first quarter. AQR Capital Management LLC now owns 8,449 shares of the company’s stock worth $883,000 after acquiring an additional 420 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Revvity by 6.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,776 shares of the company’s stock worth $1,246,000 after acquiring an additional 744 shares during the last quarter. Millennium Management LLC increased its stake in Revvity by 102.0% during the first quarter. Millennium Management LLC now owns 69,401 shares of the company’s stock worth $7,343,000 after acquiring an additional 35,048 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Revvity by 45.5% during the first quarter. Goldman Sachs Group Inc. now owns 607,104 shares of the company’s stock worth $64,232,000 after acquiring an additional 189,871 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in Revvity by 13.0% during the first quarter. Focus Partners Wealth now owns 7,028 shares of the company’s stock worth $744,000 after acquiring an additional 811 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RVTY shares. Evercore boosted their price objective on Revvity from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Weiss Ratings cut Revvity from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 18th. JPMorgan Chase & Co. cut their target price on Revvity from $96.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. 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. Finally, Wells Fargo & Company upped their target price on Revvity from $107.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Revvity currently has a consensus rating of “Hold” and a consensus target price of $107.73.

Revvity Stock Up 0.3%

Shares of NYSE:RVTY opened at $101.32 on Monday. Revvity Inc. has a 52-week low of $81.22 and a 52-week high of $118.30. The stock has a market cap of $11.33 billion, a P/E ratio of 48.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The business’s 50 day moving average is $90.30 and its 200 day moving average is $96.90. 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 announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The company had revenue of $711.12 million for the quarter, compared to analysts’ expectations of $704.07 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Revvity’s revenue was up 7.0% compared to the same quarter last year. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. Sell-side analysts predict that Revvity Inc. will post 5.33 EPS for the current year.

Revvity Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.3%. Revvity’s dividend payout ratio is 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.