Revvity, Inc. (NYSE:RVTY) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of Revvity, Inc. (NYSE:RVTY) by 39.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,527 shares of the company’s stock after selling 1,663 shares during the period. Inspire Investing LLC’s holdings in Revvity were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank raised its stake in Revvity by 0.5% during the 1st quarter. Czech National Bank now owns 21,713 shares of the company’s stock valued at $2,280,000 after acquiring an additional 99 shares in the last quarter. Garrison Asset Management LLC raised its stake in shares of Revvity by 0.5% in the 2nd quarter. Garrison Asset Management LLC now owns 21,328 shares of the company’s stock worth $2,236,000 after buying an additional 103 shares in the last quarter. TriaGen Wealth Management LLC grew its holdings in Revvity by 2.3% during the second quarter. TriaGen Wealth Management LLC now owns 4,767 shares of the company’s stock worth $500,000 after acquiring an additional 107 shares during the period. Guinness Asset Management LTD raised its position in Revvity by 3.3% in the second quarter. Guinness Asset Management LTD now owns 3,587 shares of the company’s stock worth $376,000 after acquiring an additional 116 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Revvity by 3.6% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,899 shares of the company’s stock valued at $409,000 after acquiring an additional 135 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Revvity

In related news, insider Joel S. Goldberg sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $117.86, for a total value of $412,510.00. Following the completion of the sale, the insider now directly owns 33,400 shares in the company, valued at $3,936,524. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RVTY has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Revvity from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. TD Cowen upped their price target on Revvity from $130.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company assumed coverage on Revvity in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $130.00 price objective for the company. Jefferies Financial Group upped their target price on Revvity from $115.00 to $125.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Citigroup lifted their price target on Revvity from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

Revvity Trading Up 2.4 %

Revvity stock opened at $124.94 on Wednesday. Revvity, Inc. has a 12 month low of $79.50 and a 12 month high of $128.15. The company has a quick ratio of 1.98, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The stock has a market cap of $15.42 billion, a P/E ratio of 103.26, a P/E/G ratio of 2.87 and a beta of 1.05. The company’s fifty day simple moving average is $119.58 and its 200-day simple moving average is $110.83.

Revvity (NYSE:RVTY) last issued its earnings results on Monday, July 29th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $691.70 million for the quarter, compared to analyst estimates of $690.33 million. Revvity had a return on equity of 7.34% and a net margin of 6.26%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. As a group, sell-side analysts forecast that Revvity, Inc. will post 4.75 EPS for the current fiscal year.

Revvity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 18th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.22%. The ex-dividend date is Friday, October 18th. Revvity’s dividend payout ratio is 23.14%.

Revvity Company 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.