Corient Private Wealth LLC Has $12.24 Million Stock Position in Revvity Inc. $RVTY

Corient Private Wealth LLC boosted its stake in Revvity Inc. (NYSE:RVTY) by 985.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 126,568 shares of the company’s stock after acquiring an additional 114,903 shares during the period. Corient Private Wealth LLC’s holdings in Revvity were worth $12,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RVTY. AQR Capital Management LLC raised its holdings in Revvity by 5.2% during the 1st quarter. AQR Capital Management LLC now owns 8,449 shares of the company’s stock worth $883,000 after purchasing an additional 420 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Revvity by 6.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,776 shares of the company’s stock worth $1,246,000 after purchasing an additional 744 shares during the period. Millennium Management LLC boosted its stake in shares of Revvity by 102.0% in the 1st quarter. Millennium Management LLC now owns 69,401 shares of the company’s stock valued at $7,343,000 after purchasing an additional 35,048 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Revvity by 45.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 607,104 shares of the company’s stock valued at $64,232,000 after purchasing an additional 189,871 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of Revvity by 13.0% during the first quarter. Focus Partners Wealth now owns 7,028 shares of the company’s stock worth $744,000 after buying an additional 811 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on RVTY. JPMorgan Chase & Co. lowered their target price on shares of Revvity from $96.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Barclays upped their price target on shares of Revvity from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $117.00 price target on Revvity in a report on Wednesday, May 6th. Wolfe Research began coverage on Revvity in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Finally, Weiss Ratings downgraded Revvity from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Revvity currently has an average rating of “Hold” and a consensus price target of $107.73.

Revvity Stock Performance

Shares of RVTY stock opened at $99.90 on Wednesday. The firm has a 50 day moving average of $96.39 and a 200-day moving average of $97.53. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 47.80, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11. 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 52 week low of $81.22 and a 52 week high of $118.30.

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

Revvity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders 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 dividend yield of 0.3%. Revvity’s dividend payout ratio is currently 13.40%.

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.