Tajinder S. Vohra Sells 2,153 Shares of Revvity, Inc. (NYSE:RVTY) Stock

Revvity, Inc. (NYSE:RVTYGet Free Report) insider Tajinder S. Vohra sold 2,153 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $122.09, for a total transaction of $262,859.77. Following the transaction, the insider now directly owns 23,960 shares in the company, valued at approximately $2,925,276.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Revvity Price Performance

RVTY opened at $120.23 on Friday. The company has a fifty day simple moving average of $121.49 and a 200 day simple moving average of $112.21. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 99.36, a PEG ratio of 2.90 and a beta of 1.05. Revvity, Inc. has a twelve month low of $79.50 and a twelve month high of $128.15. The company has a current ratio of 2.27, a quick ratio of 1.98 and a debt-to-equity ratio of 0.40.

Revvity (NYSE:RVTYGet Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $691.70 million during the quarter, compared to analyst estimates of $690.33 million. Revvity had a net margin of 6.26% and a return on equity of 7.34%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. Equities research analysts expect that Revvity, Inc. will post 4.75 EPS for the current fiscal year.

Revvity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, October 18th. Revvity’s dividend payout ratio is currently 23.14%.

Analyst Ratings Changes

RVTY has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Revvity from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company began coverage on shares of Revvity in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $130.00 price target on the stock. TD Cowen increased their price objective on shares of Revvity from $130.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Revvity from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Bank of America increased their price objective on shares of Revvity from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Revvity has a consensus rating of “Moderate Buy” and an average target price of $125.53.

View Our Latest Analysis on Revvity

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC grew its holdings in Revvity by 2.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,088 shares of the company’s stock worth $1,161,000 after acquiring an additional 193 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in Revvity by 942.5% during the 3rd quarter. Gateway Investment Advisers LLC now owns 38,081 shares of the company’s stock worth $4,865,000 after acquiring an additional 34,428 shares in the last quarter. Guinness Asset Management LTD grew its holdings in Revvity by 7.7% during the 3rd quarter. Guinness Asset Management LTD now owns 3,863 shares of the company’s stock worth $493,000 after acquiring an additional 276 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Revvity by 686.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,604 shares of the company’s stock worth $205,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in Revvity during the 3rd quarter worth $487,000. 86.65% of the stock is owned by institutional investors and hedge funds.

About Revvity

(Get Free Report)

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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