Dimensional Fund Advisors LP Purchases 596,436 Shares of Revvity Inc. $RVTY

Dimensional Fund Advisors LP raised its position in shares of Revvity Inc. (NYSE:RVTY) by 39.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,125,957 shares of the company’s stock after buying an additional 596,436 shares during the quarter. Dimensional Fund Advisors LP owned about 1.88% of Revvity worth $186,307,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RVTY shares. Robert W. Baird set a $129.00 target price on shares of Revvity in a report on Tuesday, February 3rd. Evercore upped their price target on Revvity from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Bank of America lowered Revvity from a “buy” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research report on Monday, December 15th. Barclays lifted their price objective on Revvity from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen raised Revvity from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $113.67.

Revvity Trading Down 5.5%

Shares of NYSE RVTY opened at $91.28 on Monday. The firm’s 50 day moving average price is $103.15 and its 200-day moving average price is $96.68. Revvity Inc. has a 52-week low of $81.36 and a 52-week high of $120.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.40 and a current ratio of 1.68. The company has a market cap of $10.21 billion, a PE ratio of 43.88, a P/E/G ratio of 1.94 and a beta of 1.10.

Revvity (NYSE:RVTY) last announced its quarterly earnings results on Monday, February 2nd. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.15. Revvity had a net margin of 8.45% and a return on equity of 7.92%. The company had revenue of $772.06 million during the quarter, compared to the consensus estimate of $759.81 million. During the same quarter last year, the firm earned $1.42 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Revvity has set its FY 2026 guidance at 5.350-5.450 EPS. On average, equities research analysts expect that Revvity Inc. will post 4.94 EPS for the current fiscal year.

Revvity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. Revvity’s dividend payout ratio (DPR) is presently 13.46%.

About Revvity

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.