Kentucky Retirement Systems decreased its position in Revvity Inc. (NYSE:RVTY – Free Report) by 2.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,274 shares of the company’s stock after selling 202 shares during the period. Kentucky Retirement Systems’ holdings in Revvity were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Assetmark Inc. lifted its stake in Revvity by 3,700.0% in the fourth quarter. Assetmark Inc. now owns 266 shares of the company’s stock valued at $30,000 after purchasing an additional 259 shares during the last quarter. Optiver Holding B.V. purchased a new position in Revvity in the fourth quarter valued at approximately $33,000. Quarry LP lifted its stake in Revvity by 45.7% in the fourth quarter. Quarry LP now owns 303 shares of the company’s stock valued at $34,000 after purchasing an additional 95 shares during the last quarter. Millstone Evans Group LLC purchased a new position in Revvity in the fourth quarter valued at approximately $38,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Revvity in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Revvity Trading Up 1.5%
Shares of RVTY stock opened at $96.39 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.99 and a current ratio of 3.58. Revvity Inc. has a 52-week low of $87.70 and a 52-week high of $129.50. The company has a market capitalization of $11.36 billion, a PE ratio of 41.02, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The business’s fifty day moving average is $93.02 and its 200 day moving average is $105.79.
Revvity Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, July 18th. Revvity’s dividend payout ratio (DPR) is currently 11.91%.
Wall Street Analyst Weigh In
RVTY has been the topic of several research analyst reports. Barclays dropped their price objective on Revvity from $140.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on Revvity from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen downgraded Revvity from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. UBS Group upgraded Revvity from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $145.00 to $115.00 in a research report on Thursday, May 1st. Finally, Wells Fargo & Company dropped their target price on Revvity from $130.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.
View Our Latest Report on RVTY
About Revvity
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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