8,637,614 Shares in Revvity Inc. $RVTY Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 8.64 million Revvity shares worth approximately $961 million, giving it a 7.74% stake. Institutional investors collectively own 86.65% of the company.
• Revvity reported quarterly EPS of $1.41, beating estimates of $1.21, while revenue reached $729.69 million, above expectations but down 1.3% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $108.36, below the stock’s reported price of $124.79; the company also declared a quarterly dividend of $0.07 per share.

Jupiter Topco LLC bought a new stake in Revvity Inc. (NYSE:RVTY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,637,614 shares of the company's stock, valued at approximately $961,017,000. Jupiter Topco LLC owned about 7.74% of Revvity as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in shares of Revvity in the 2nd quarter worth about $19,762,000. Primecap Management Co. CA acquired a new position in Revvity during the second quarter worth about $94,921,000. Canada Pension Plan Investment Board acquired a new position in Revvity during the second quarter worth about $656,000. Legal & General Group Plc purchased a new stake in shares of Revvity in the second quarter valued at about $31,388,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Revvity in the second quarter valued at about $41,048,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Robert W. Baird set a $117.00 price objective on shares of Revvity in a research note on Wednesday, May 6th. Stifel Nicolaus lowered their target price on Revvity from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Wednesday, May 6th. Weiss Ratings raised Revvity from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Wolfe Research started coverage on Revvity in a report on Tuesday, June 2nd. They issued a "peer perform" rating for the company. Finally, TD Cowen restated a "buy" rating on shares of Revvity in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, Revvity has an average rating of "Hold" and a consensus price target of $108.36.

Revvity Stock Up 1.5%

RVTY stock opened at $124.79 on Wednesday. The company has a 50 day moving average price of $112.37 and a two-hundred day moving average price of $100.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.50 and a current ratio of 1.80. The stock has a market capitalization of $13.93 billion, a P/E ratio of 59.42, a PEG ratio of 2.24 and a beta of 1.07. Revvity Inc. has a one year low of $81.22 and a one year high of $124.97.

Revvity (NYSE:RVTY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.20. The business had revenue of $729.69 million for the quarter, compared to analysts' expectations of $702.96 million. Revvity had a return on equity of 8.34% and a net margin of 8.16%.The business's revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. As a group, sell-side analysts expect that Revvity Inc. will post 5.36 EPS for the current year.

Revvity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be issued a $0.07 dividend. The ex-dividend date is Friday, October 23rd. This represents a $0.28 annualized dividend and a yield of 0.2%. Revvity's payout ratio is 13.33%.

Revvity 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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