Northern Trust Corp Purchases 193,202 Shares of Revvity, Inc. (NYSE:RVTY)

Northern Trust Corp lifted its holdings in Revvity, Inc. (NYSE:RVTY - Free Report) by 18.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,247,532 shares of the company's stock after purchasing an additional 193,202 shares during the quarter. Northern Trust Corp owned about 1.03% of Revvity worth $139,237,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RVTY. Assetmark Inc. boosted its stake in Revvity by 3,700.0% in 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. bought a new stake in shares of Revvity in the fourth quarter valued at about $33,000. Quarry LP boosted its position in shares of Revvity by 45.7% during the fourth quarter. Quarry LP now owns 303 shares of the company's stock worth $34,000 after buying an additional 95 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Revvity during the fourth quarter worth about $38,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Revvity by 55.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock valued at $43,000 after buying an additional 138 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays reduced their price target on Revvity from $140.00 to $110.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. KeyCorp increased their target price on shares of Revvity from $132.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of Revvity from $130.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group decreased their price objective on Revvity from $140.00 to $125.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Robert W. Baird dropped their target price on Revvity from $127.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Revvity currently has an average rating of "Moderate Buy" and an average price target of $125.64.

Revvity Price Performance

NYSE:RVTY traded down $2.31 during mid-day trading on Tuesday, reaching $90.52. The stock had a trading volume of 861,327 shares, compared to its average volume of 929,836. Revvity, Inc. has a 12 month low of $88.53 and a 12 month high of $129.50. The stock has a market capitalization of $10.88 billion, a PE ratio of 40.96, a P/E/G ratio of 3.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.60 and a quick ratio of 3.03. The stock has a 50-day simple moving average of $102.35 and a two-hundred day simple moving average of $111.83.

Revvity (NYSE:RVTY - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.01 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 analysts' expectations of $662.30 million. Revvity had a return on equity of 7.68% and a net margin of 9.81%. Revvity's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, equities analysts anticipate that Revvity, Inc. will post 4.94 earnings per share for the current year.

Revvity Dividend Announcement

The business 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 dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, July 18th. Revvity's dividend payout ratio (DPR) is presently 11.91%.

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.