Hsbc Holdings PLC lowered its position in shares of Revvity Inc. (NYSE:RVTY – Free Report) by 23.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,628 shares of the company’s stock after selling 43,020 shares during the quarter. Hsbc Holdings PLC’s holdings in Revvity were worth $12,400,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Byrne Asset Management LLC lifted its holdings in Revvity by 0.9% in the 4th quarter. Byrne Asset Management LLC now owns 11,138 shares of the company’s stock valued at $1,078,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Revvity by 1.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,416 shares of the company’s stock worth $524,000 after purchasing an additional 100 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Revvity by 8.9% in the 4th quarter. Allworth Financial LP now owns 1,275 shares of the company’s stock worth $123,000 after purchasing an additional 104 shares in the last quarter. Trust Point Inc. raised its holdings in shares of Revvity by 3.8% in the 4th quarter. Trust Point Inc. now owns 3,215 shares of the company’s stock worth $311,000 after purchasing an additional 117 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Revvity by 2.6% during the fourth quarter. HighTower Advisors LLC now owns 5,141 shares of the company’s stock valued at $497,000 after purchasing an additional 129 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Robert W. Baird set a $117.00 price target on Revvity in a report on Wednesday, May 6th. Wolfe Research assumed coverage on Revvity in a research note on Tuesday, June 2nd. They set a “peer perform” rating for the company. Sanford C. Bernstein started coverage on Revvity in a report on Friday, June 26th. They issued a “market perform” rating and a $115.00 target price on the stock. The Goldman Sachs Group reduced their target price on Revvity from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, TD Cowen reissued a “buy” rating on shares of Revvity in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $108.92.
Revvity Stock Performance
Shares of RVTY stock opened at $110.78 on Thursday. The stock’s fifty day simple moving average is $104.24 and its 200-day simple moving average is $99.43. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 2.17 and a beta of 1.09. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Revvity Inc. has a 1-year low of $81.22 and a 1-year high of $118.30.
Revvity (NYSE:RVTY – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. The company had revenue of $711.12 million for the quarter, compared to analysts’ expectations of $704.07 million. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. On average, sell-side analysts predict that Revvity Inc. will post 5.25 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, August 7th. Shareholders of record on Friday, July 17th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 17th. Revvity’s dividend payout ratio is currently 13.40%.
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.
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