Revvity Inc. $RVTY Stock Position Lowered by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC trimmed its position in shares of Revvity Inc. (NYSE:RVTY) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 273,207 shares of the company’s stock after selling 6,473 shares during the period. CIBC Private Wealth Group LLC owned 0.24% of Revvity worth $23,947,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC increased its holdings in shares of Revvity by 72.7% in the 3rd quarter. New York Life Investment Management LLC now owns 27,520 shares of the company’s stock valued at $2,412,000 after purchasing an additional 11,583 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Revvity in the third quarter worth approximately $905,000. Amundi boosted its holdings in shares of Revvity by 157.0% during the second quarter. Amundi now owns 519,987 shares of the company’s stock worth $52,467,000 after purchasing an additional 317,643 shares during the period. Invesco Ltd. boosted its holdings in shares of Revvity by 25.8% during the second quarter. Invesco Ltd. now owns 2,207,202 shares of the company’s stock worth $213,481,000 after purchasing an additional 452,343 shares during the period. Finally, SG Americas Securities LLC grew its position in Revvity by 531.8% during the third quarter. SG Americas Securities LLC now owns 42,947 shares of the company’s stock valued at $3,764,000 after purchasing an additional 36,149 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Revvity from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Robert W. Baird set a $129.00 price target on shares of Revvity in a report on Tuesday, February 3rd. Wells Fargo & Company upped their price target on shares of Revvity from $107.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Evercore increased their price objective on Revvity from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Revvity from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $113.67.

Revvity Stock Performance

Shares of RVTY opened at $85.79 on Friday. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. The company’s fifty day moving average is $100.93 and its 200-day moving average is $96.40. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.36. Revvity Inc. has a 12 month low of $81.36 and a 12 month high of $118.30.

Revvity (NYSE:RVTY) last released its quarterly earnings data on Monday, February 2nd. The company reported $1.70 earnings per share (EPS) 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 business had revenue of $772.06 million during the quarter, compared to analyst estimates of $759.81 million. During the same quarter in the previous year, the business earned $1.42 EPS. Revvity’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. Equities analysts expect that Revvity Inc. will post 4.94 EPS for the current fiscal year.

Revvity Dividend Announcement

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

Revvity Company 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.