Commerce Bank Takes Position in Revvity Inc. $RVTY

Key Points

• Commerce Bank acquired 9,288 Revvity shares worth approximately $1.03 million in the second quarter, while institutional investors and hedge funds collectively own 86.65% of the company.
• Analyst sentiment remains cautious: Revvity has a consensus “Hold” rating and an average price target of $108.36, despite some firms maintaining Buy or Outperform ratings.
• Revvity exceeded quarterly expectations with $1.41 in earnings per share and $729.69 million in revenue, though revenue declined 1.3% year over year. The company also declared a quarterly dividend of $0.07 per share.

Commerce Bank acquired a new stake in Revvity Inc. (NYSE:RVTY - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,288 shares of the company's stock, valued at approximately $1,033,000.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on RVTY shares. Sanford C. Bernstein initiated coverage on Revvity in a report on Friday, June 26th. They set a "market perform" rating and a $115.00 target price on the stock. Stifel Nicolaus decreased their price target on Revvity from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded Revvity from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Evercore reaffirmed an "outperform" rating on shares of Revvity in a research note on Wednesday, August 5th. Finally, TD Cowen reiterated a "buy" rating on shares of Revvity in a report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Revvity has a consensus rating of "Hold" and a consensus target price of $108.36.

Revvity Price Performance

Revvity stock opened at $126.31 on Thursday. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 2.27 and a beta of 1.07. Revvity Inc. has a 52-week low of $81.22 and a 52-week high of $126.90. 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's 50 day moving average price is $112.94 and its two-hundred day moving average price is $100.82.

Revvity (NYSE:RVTY - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.41 earnings per share for the quarter, beating 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 company had revenue of $729.69 million during the quarter, compared to analyst estimates of $702.96 million. During the same quarter in the previous year, the business posted $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. On average, equities analysts predict that Revvity Inc. will post 5.36 earnings per share for the current year.

Revvity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 23rd. 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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