Bank of America Corp DE Increases Stake in Revvity Inc. $RVTY

Key Points

• Bank of America increased its Revvity stake by 14.7% in the first quarter, purchasing 112,928 additional shares to own 880,503 shares valued at approximately $77.1 million. Institutional investors and hedge funds collectively own 86.65% of Revvity.
• Revvity reported quarterly adjusted earnings of $1.41 per share, beating estimates of $1.21, while revenue of $711 million also exceeded expectations. However, revenue declined 1.3% year over year, and the company guided for fiscal 2026 EPS of $5.30–$5.40.
• Shares opened at $114.81, near their 52-week high, while analysts maintain a consensus “Hold” rating with an average price target of $108.36. Revvity also declared a quarterly dividend of $0.07 per share, representing a 0.2% yield.

Bank of America Corp DE grew its position in shares of Revvity Inc. (NYSE:RVTY - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 880,503 shares of the company's stock after purchasing an additional 112,928 shares during the quarter. Bank of America Corp DE owned approximately 0.79% of Revvity worth $77,141,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Revvity by 5.2% in the first quarter. AQR Capital Management LLC now owns 8,449 shares of the company's stock valued at $883,000 after buying an additional 420 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Revvity by 6.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,776 shares of the company's stock worth $1,246,000 after acquiring an additional 744 shares in the last quarter. Millennium Management LLC grew its position in shares of Revvity by 102.0% during the 1st quarter. Millennium Management LLC now owns 69,401 shares of the company's stock valued at $7,343,000 after acquiring an additional 35,048 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Revvity by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 607,104 shares of the company's stock valued at $64,232,000 after acquiring an additional 189,871 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Revvity by 13.0% in the 1st quarter. Focus Partners Wealth now owns 7,028 shares of the company's stock valued at $744,000 after purchasing an additional 811 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Revvity Stock Up 0.1%

Shares of Revvity stock opened at $114.81 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. Revvity Inc. has a 52-week low of $81.22 and a 52-week high of $118.30. The company has a market capitalization of $12.81 billion, a P/E ratio of 54.67, a P/E/G ratio of 2.09 and a beta of 1.07. The company has a 50 day moving average of $108.01 and a 200 day moving average of $99.94.

Revvity (NYSE:RVTY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.21 by $0.20. Revvity had a net margin of 8.16% and a return on equity of 8.34%. The firm had revenue of $711.00 million for the quarter, compared to analyst estimates of $702.96 million. During the same period last year, the business earned $1.18 EPS. Revvity's revenue for the quarter was down 1.3% compared to the same quarter last year. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. As a group, research analysts forecast that Revvity Inc. will post 5.35 EPS for the current fiscal year.

Revvity Dividend Announcement

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

Analyst Upgrades and Downgrades

RVTY has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Revvity from $96.00 to $90.00 and set a "neutral" rating on the stock in a report on Wednesday, May 6th. Wall Street Zen raised shares of Revvity from a "hold" rating to a "buy" rating in a research report on Saturday. Sanford C. Bernstein initiated coverage on Revvity in a report on Friday, June 26th. They issued a "market perform" rating and a $115.00 price objective on the stock. Wolfe Research started coverage on Revvity in a report on Tuesday, June 2nd. They issued a "peer perform" rating on the stock. Finally, Weiss Ratings upgraded Revvity from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Three 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.com, the stock currently has a consensus rating of "Hold" and an average target price of $108.36.

About Revvity

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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