Handelsbanken Fonder AB Boosts Stock Position in Revvity Inc. $RVTY

Handelsbanken Fonder AB boosted its holdings in shares of Revvity Inc. (NYSE:RVTY) by 39.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,116 shares of the company’s stock after acquiring an additional 14,756 shares during the quarter. Handelsbanken Fonder AB’s holdings in Revvity were worth $5,042,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new stake in Revvity during the 2nd quarter valued at $32,000. Cromwell Holdings LLC raised its position in Revvity by 141.4% during the 4th quarter. Cromwell Holdings LLC now owns 338 shares of the company’s stock valued at $33,000 after purchasing an additional 198 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Revvity during the 2nd quarter valued at $34,000. Headlands Technologies LLC bought a new stake in Revvity during the 2nd quarter valued at $49,000. Finally, Smartleaf Asset Management LLC raised its position in Revvity by 56.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 690 shares of the company’s stock valued at $58,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RVTY. Stifel Nicolaus decreased their target price on Revvity from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. TD Cowen lifted their target price on Revvity from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Barclays lifted their target price on Revvity from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their target price on Revvity from $107.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group decreased their target price on Revvity from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Revvity presently has a consensus rating of “Hold” and a consensus price target of $107.73.

Revvity Trading Up 1.6%

RVTY opened at $96.93 on Friday. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.05 and a beta of 1.05. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Revvity Inc. has a 12 month low of $81.22 and a 12 month high of $118.30. The stock has a fifty day moving average price of $90.69 and a 200-day moving average price of $96.96.

Revvity (NYSE:RVTY) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. The firm 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 business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, equities research analysts anticipate that Revvity Inc. will post 5.33 earnings per share for the current fiscal year.

Revvity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 17th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 17th. 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.