TD Asset Management Inc Has $6.67 Million Stock Position in Revvity Inc. $RVTY

TD Asset Management Inc reduced its stake in Revvity Inc. (NYSE:RVTY) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,926 shares of the company’s stock after selling 20,085 shares during the quarter. TD Asset Management Inc owned about 0.06% of Revvity worth $6,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Byrne Asset Management LLC lifted its stake in shares of Revvity by 0.9% in the fourth quarter. Byrne Asset Management LLC now owns 11,138 shares of the company’s stock worth $1,078,000 after acquiring an additional 100 shares during the period. New Mexico Educational Retirement Board lifted its stake in shares of Revvity by 1.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,416 shares of the company’s stock worth $524,000 after acquiring an additional 100 shares during the period. Allworth Financial LP lifted its stake in shares of Revvity by 8.9% in the fourth quarter. Allworth Financial LP now owns 1,275 shares of the company’s stock worth $123,000 after acquiring an additional 104 shares during the period. Trust Point Inc. lifted its stake in shares of Revvity by 3.8% in the fourth quarter. Trust Point Inc. now owns 3,215 shares of the company’s stock worth $311,000 after acquiring an additional 117 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Revvity by 2.6% in the fourth quarter. HighTower Advisors LLC now owns 5,141 shares of the company’s stock worth $497,000 after acquiring an additional 129 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on RVTY. Wall Street Zen lowered Revvity from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. TD Cowen lifted their price objective on Revvity from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group cut their price objective on Revvity from $110.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. JPMorgan Chase & Co. cut their price objective on Revvity from $96.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Barclays boosted their price target on Revvity from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.73.

Revvity Price Performance

Shares of NYSE:RVTY opened at $104.09 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. Revvity Inc. has a twelve month low of $81.22 and a twelve month high of $118.30. The stock’s 50 day moving average is $94.07 and its 200-day moving average is $97.67. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 49.81, a PEG ratio of 2.19 and a beta of 1.11.

Revvity (NYSE:RVTY) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The business had revenue of $711.12 million during the quarter, compared to the consensus estimate of $704.07 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. Revvity’s revenue was up 7.0% compared to the same quarter last year. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. Sell-side analysts forecast that Revvity Inc. will post 5.25 EPS for the current fiscal year.

Revvity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 17th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, July 17th. This represents a $0.28 annualized dividend and a yield of 0.3%. Revvity’s dividend payout ratio is 13.40%.

Revvity Profile

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.