Gotham Asset Management LLC Grows Stock Holdings in Revvity, Inc. (NYSE:RVTY)

Gotham Asset Management LLC lifted its stake in shares of Revvity, Inc. (NYSE:RVTY - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,756 shares of the company's stock after acquiring an additional 45,042 shares during the quarter. Gotham Asset Management LLC owned approximately 0.13% of Revvity worth $18,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. increased its holdings in Revvity by 3,700.0% during the 4th quarter. Assetmark Inc. now owns 266 shares of the company's stock worth $30,000 after purchasing an additional 259 shares during the period. Optiver Holding B.V. purchased a new position in shares of Revvity during the fourth quarter valued at $33,000. Quarry LP raised its holdings in shares of Revvity by 45.7% in the fourth quarter. Quarry LP now owns 303 shares of the company's stock valued at $34,000 after acquiring an additional 95 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in Revvity in the fourth quarter worth about $38,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Revvity by 55.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock worth $43,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Analysts Set New Price Targets

RVTY has been the subject of several recent research reports. Barclays reduced their price target on shares of Revvity from $140.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Robert W. Baird reduced their price objective on shares of Revvity from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Raymond James restated an "outperform" rating and set a $120.00 target price (down previously from $145.00) on shares of Revvity in a report on Tuesday, April 29th. UBS Group upgraded Revvity from a "neutral" rating to a "buy" rating and cut their price target for the company from $145.00 to $115.00 in a report on Thursday, May 1st. Finally, KeyCorp boosted their price target on Revvity from $132.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.64.

Revvity Trading Down 1.8 %

NYSE RVTY opened at $91.22 on Friday. The stock has a market cap of $10.96 billion, a P/E ratio of 41.28, a P/E/G ratio of 3.82 and a beta of 1.02. The company has a current ratio of 3.60, a quick ratio of 3.03 and a debt-to-equity ratio of 0.41. Revvity, Inc. has a 12-month low of $88.53 and a 12-month high of $129.50. The company has a fifty day simple moving average of $100.83 and a two-hundred day simple moving average of $111.17.

Revvity (NYSE:RVTY - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.05. The company had revenue of $664.76 million during the quarter, compared to analyst estimates of $662.30 million. Revvity had a return on equity of 7.68% and a net margin of 9.81%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. On average, analysts forecast that Revvity, Inc. will post 4.94 earnings per share for the current year.

Revvity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 18th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.28 annualized dividend and a yield of 0.31%. Revvity's dividend payout ratio (DPR) is presently 11.91%.

Revvity 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.

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