Mitsubishi UFJ Asset Management Co. Ltd. Acquires 16,632 Shares of Revvity Inc. $RVTY

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Revvity Inc. (NYSE:RVTY) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,370 shares of the company’s stock after purchasing an additional 16,632 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Revvity worth $21,068,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC boosted its position in shares of Revvity by 72.7% in the third quarter. New York Life Investment Management LLC now owns 27,520 shares of the company’s stock worth $2,412,000 after purchasing an additional 11,583 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Revvity during the 3rd quarter valued at $905,000. Amundi increased its stake in Revvity by 157.0% in the 2nd quarter. Amundi now owns 519,987 shares of the company’s stock worth $52,467,000 after buying an additional 317,643 shares in the last quarter. Invesco Ltd. increased its stake in Revvity by 25.8% in the 2nd quarter. Invesco Ltd. now owns 2,207,202 shares of the company’s stock worth $213,481,000 after buying an additional 452,343 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Revvity by 531.8% during the third quarter. SG Americas Securities LLC now owns 42,947 shares of the company’s stock valued at $3,764,000 after acquiring an additional 36,149 shares during the period. 86.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RVTY has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Revvity from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. TD Cowen reaffirmed a “hold” rating on shares of Revvity in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Revvity from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company boosted their target price on shares of Revvity from $107.00 to $110.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of Revvity from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Revvity currently has a consensus rating of “Hold” and an average target price of $113.67.

Revvity Stock Down 0.8%

Shares of RVTY opened at $98.23 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.68 and a quick ratio of 1.40. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 47.23, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Revvity Inc. has a 1 year low of $81.36 and a 1 year high of $120.39. The business’s 50 day simple moving average is $103.31 and its 200-day simple moving average is $96.51.

Revvity (NYSE:RVTY) last posted its earnings results on Monday, February 2nd. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.15. The firm had revenue of $772.06 million during the quarter, compared to analyst estimates of $759.81 million. Revvity had a net margin of 8.45% and a return on equity of 7.92%. Revvity’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Revvity has set its FY 2026 guidance at 5.350-5.450 EPS. As a group, equities analysts expect that Revvity Inc. will post 4.94 earnings per share for the current fiscal year.

Revvity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 17th will be issued a $0.07 dividend. The ex-dividend date is Friday, April 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. Revvity’s payout ratio is 13.46%.

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.