WINTON GROUP Ltd Invests $6.21 Million in Revvity Inc. $RVTY

WINTON GROUP Ltd acquired a new position in Revvity Inc. (NYSE:RVTY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 64,193 shares of the company’s stock, valued at approximately $6,211,000.

A number of other institutional investors and hedge funds have also modified their holdings of RVTY. AQR Capital Management LLC lifted its stake in shares of Revvity by 5.2% in the first quarter. AQR Capital Management LLC now owns 8,449 shares of the company’s stock worth $883,000 after buying an additional 420 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Revvity by 6.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,776 shares of the company’s stock valued at $1,246,000 after purchasing an additional 744 shares during the last quarter. Millennium Management LLC raised its stake in Revvity by 102.0% during the 1st quarter. Millennium Management LLC now owns 69,401 shares of the company’s stock valued at $7,343,000 after purchasing an additional 35,048 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Revvity by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 607,104 shares of the company’s stock valued at $64,232,000 after purchasing an additional 189,871 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in Revvity by 13.0% during the 1st quarter. Focus Partners Wealth now owns 7,028 shares of the company’s stock valued at $744,000 after purchasing an additional 811 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RVTY has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on shares of Revvity from $110.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Stifel Nicolaus cut their target price on shares of Revvity from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. TD Cowen upped their target price on shares of Revvity from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Revvity from $96.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Wolfe Research initiated coverage on shares of Revvity in a research note on Tuesday, June 2nd. They set a “peer perform” rating for the company. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Revvity has a consensus rating of “Hold” and an average price target of $107.73.

Revvity Trading Down 3.8%

Shares of RVTY stock opened at $98.46 on Friday. 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 $10.98 billion, a price-to-earnings ratio of 47.11, a P/E/G ratio of 2.15 and a beta of 1.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.72. The firm has a fifty day moving average of $93.40 and a 200-day moving average of $97.49.

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. On average, equities research analysts forecast that Revvity Inc. will post 5.25 earnings per share for the current fiscal year.

Revvity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 17th will be paid 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 currently 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.