Guinness Asset Management LTD Has $410,000 Stock Holdings in Revvity Inc. $RVTY

Guinness Asset Management LTD lifted its position in Revvity Inc. (NYSE:RVTY) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,235 shares of the company’s stock after buying an additional 247 shares during the quarter. Guinness Asset Management LTD’s holdings in Revvity were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. HB Wealth Management LLC raised its holdings in Revvity by 4.8% in the 1st quarter. HB Wealth Management LLC now owns 2,494 shares of the company’s stock worth $264,000 after acquiring an additional 114 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Revvity by 25.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 694 shares of the company’s stock valued at $73,000 after purchasing an additional 140 shares during the last quarter. Banque Transatlantique SA increased its stake in shares of Revvity by 19.4% in the first quarter. Banque Transatlantique SA now owns 925 shares of the company’s stock worth $90,000 after purchasing an additional 150 shares during the period. Signaturefd LLC lifted its position in shares of Revvity by 9.7% during the 1st quarter. Signaturefd LLC now owns 1,830 shares of the company’s stock worth $194,000 after purchasing an additional 162 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in Revvity by 79.0% during the 2nd quarter. CVA Family Office LLC now owns 410 shares of the company’s stock valued at $40,000 after purchasing an additional 181 shares during the period. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RVTY. Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 price target (down from $120.00) on shares of Revvity in a research report on Tuesday, July 29th. Robert W. Baird set a $122.00 target price on shares of Revvity in a research report on Friday. Guggenheim assumed coverage on shares of Revvity in a research note on Wednesday, October 15th. They set a “neutral” rating for the company. Barclays decreased their price target on shares of Revvity from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Finally, Bank of America cut their price objective on shares of Revvity from $110.00 to $99.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Revvity has an average rating of “Moderate Buy” and a consensus price target of $116.38.

Revvity Trading Up 1.4%

Shares of RVTY stock opened at $98.91 on Monday. The firm has a fifty day moving average of $89.38 and a 200-day moving average of $92.37. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 41.91, a P/E/G ratio of 3.30 and a beta of 0.98. Revvity Inc. has a 52-week low of $81.36 and a 52-week high of $129.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.75 and a current ratio of 3.33.

Revvity (NYSE:RVTY) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $720.28 million during the quarter, compared to analyst estimates of $711.26 million. Revvity had a net margin of 10.19% and a return on equity of 7.66%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 earnings per share. On average, equities research analysts forecast that Revvity Inc. will post 4.94 earnings per share for the current fiscal year.

Revvity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, January 16th. Revvity’s dividend payout ratio is currently 11.86%.

Revvity 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.