Commonwealth Equity Services LLC Acquires 229 Shares of Revvity, Inc. (NYSE:RVTY)

Commonwealth Equity Services LLC increased its holdings in Revvity, Inc. (NYSE:RVTYFree Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,707 shares of the company’s stock after acquiring an additional 229 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Revvity were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RVTY. 2Xideas AG bought a new stake in Revvity during the 3rd quarter valued at about $20,968,000. Citigroup Inc. bought a new position in Revvity in the 3rd quarter valued at approximately $5,548,000. Wesbanco Bank Inc. bought a new stake in shares of Revvity in the 3rd quarter worth $522,000. Headinvest LLC bought a new stake in Revvity in the 3rd quarter worth about $57,000. Finally, Vanguard Group Inc. purchased a new position in Revvity in the 3rd quarter worth about $1,579,487,000. 86.65% of the stock is currently owned by institutional investors.

Insider Transactions at Revvity

In other news, insider Joel S. Goldberg sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $110.46, for a total value of $441,840.00. Following the sale, the insider now directly owns 36,900 shares of the company’s stock, valued at approximately $4,075,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RVTY shares. TD Cowen raised their target price on shares of Revvity from $123.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Robert W. Baird raised their target price on Revvity from $126.00 to $127.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Barclays reduced their price target on shares of Revvity from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, June 28th. Finally, Jefferies Financial Group began coverage on shares of Revvity in a report on Monday, June 3rd. They issued a “hold” rating and a $115.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.69.

Check Out Our Latest Research Report on Revvity

Revvity Stock Up 1.0 %

Shares of NYSE RVTY opened at $103.56 on Friday. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 85.59, a price-to-earnings-growth ratio of 2.67 and a beta of 1.05. The company’s 50-day simple moving average is $107.22 and its 200-day simple moving average is $106.34. The company has a quick ratio of 1.92, a current ratio of 2.23 and a debt-to-equity ratio of 0.40. Revvity, Inc. has a 52-week low of $79.50 and a 52-week high of $131.96.

Revvity (NYSE:RVTYGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. Revvity had a return on equity of 7.37% and a net margin of 5.49%. The firm had revenue of $649.90 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts predict that Revvity, Inc. will post 4.65 EPS for the current fiscal year.

Revvity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 19th will be given a $0.07 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.27%. Revvity’s dividend payout ratio is currently 23.14%.

Revvity Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Revvity (NYSE:RVTY)

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