Cwm LLC Makes New Investment in Revvity, Inc. (NYSE:RVTY)

Cwm LLC acquired a new position in shares of Revvity, Inc. (NYSE:RVTY) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,295 shares of the company’s stock, valued at approximately $251,000.

A number of other large investors also recently made changes to their positions in RVTY. Vanguard Group Inc. purchased a new stake in shares of Revvity in the third quarter worth approximately $1,579,487,000. Ceredex Value Advisors LLC purchased a new stake in shares of Revvity in the fourth quarter worth approximately $108,353,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Revvity in the fourth quarter worth approximately $33,568,000. Boston Trust Walden Corp bought a new position in Revvity during the fourth quarter valued at approximately $25,154,000. Finally, KBC Group NV bought a new position in Revvity during the third quarter valued at approximately $25,301,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RVTY. Stifel Nicolaus raised their price objective on shares of Revvity from $95.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. UBS Group lowered shares of Revvity from a “buy” rating to a “neutral” rating and raised their price objective for the company from $105.00 to $125.00 in a research report on Tuesday, January 16th. TD Cowen raised their price objective on shares of Revvity from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp raised their price objective on shares of Revvity from $110.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird raised their price objective on shares of Revvity from $126.00 to $127.00 and gave the company an “outperform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Revvity presently has an average rating of “Moderate Buy” and an average target price of $118.17.

Insider Transactions at Revvity

In other Revvity news, insider Prahlad R. Singh sold 21,217 shares of Revvity stock in a transaction on Monday, February 5th. The shares were sold at an average price of $104.28, for a total transaction of $2,212,508.76. Following the sale, the insider now owns 92,801 shares in the company, valued at $9,677,288.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Revvity Trading Down 0.5 %

Shares of Revvity stock opened at $100.61 on Friday. The company’s fifty day simple moving average is $104.56 and its 200-day simple moving average is $101.28. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 83.15, a PEG ratio of 2.67 and a beta of 1.09. The company has a current ratio of 2.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.40. Revvity, Inc. has a 1 year low of $79.50 and a 1 year high of $132.54.

Revvity (NYSE:RVTY) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. The business had revenue of $649.90 million for the quarter, compared to the consensus estimate of $646.83 million. Revvity had a net margin of 5.49% and a return on equity of 7.37%. Revvity’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. As a group, sell-side analysts expect that Revvity, Inc. will post 4.65 EPS for the current year.

Revvity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 19th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.28%. Revvity’s payout ratio is 23.14%.

Revvity Company Profile

Revvity, Inc provides health sciences solutions, technologies, and services in the Americas, Europe, and Asia, and internationally. The Life Sciences segment provides instruments, reagents, informatics, software, subscriptions, detection, imaging technologies, warranties, training, and services. Its Diagnostics segment provides instruments, reagents, assay platforms, and software products for the early detection of genetic disorders, such as pregnancy and early childhood, as well as infectious disease testing in the diagnostics market.