Royal Bank of Canada Increases Stake in Revvity Inc. $RVTY

Royal Bank of Canada lifted its holdings in shares of Revvity Inc. (NYSE:RVTY) by 10.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 73,721 shares of the company’s stock after purchasing an additional 7,138 shares during the period. Royal Bank of Canada owned about 0.07% of Revvity worth $6,458,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. KBC Group NV boosted its holdings in Revvity by 115.4% during the 4th quarter. KBC Group NV now owns 39,522 shares of the company’s stock valued at $3,824,000 after acquiring an additional 21,174 shares during the period. Corient Private Wealth LLC increased its stake in Revvity by 985.0% in the 4th 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 period. Diamond Hill Capital Management Inc. increased its stake in Revvity by 6.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 426,899 shares of the company’s stock worth $41,302,000 after purchasing an additional 25,233 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in Revvity in the fourth quarter valued at approximately $1,596,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Revvity by 29.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,259,286 shares of the company’s stock valued at $198,636,000 after purchasing an additional 507,674 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Revvity in a report on Friday, June 26th. They issued a “market perform” rating and a $115.00 target price on the stock. Weiss Ratings upgraded shares of Revvity from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. 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 research report on Thursday, May 7th. The Goldman Sachs Group decreased their price objective on shares of Revvity from $110.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Evercore reaffirmed an “outperform” rating on shares of Revvity in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $108.36.

Revvity Price Performance

Shares of Revvity stock opened at $115.57 on Wednesday. The business has a 50 day moving average of $108.62 and a 200 day moving average of $99.96. Revvity Inc. has a 52 week low of $81.22 and a 52 week high of $118.30. The company has a market cap of $12.89 billion, a PE ratio of 55.03, a P/E/G ratio of 2.11 and a beta of 1.07. The company has a quick ratio of 1.50, a current ratio of 1.80 and a debt-to-equity ratio of 0.36.

Revvity (NYSE:RVTY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.20. The business had revenue of $729.69 million for the quarter, compared to analysts’ expectations of $702.96 million. Revvity had a net margin of 8.16% and a return on equity of 8.34%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 earnings per share. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. As a group, equities research analysts forecast that Revvity Inc. will post 5.36 earnings per share for the current year.

Revvity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. Revvity’s payout ratio is presently 13.33%.

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.