Coldstream Capital Management Inc. Buys 143 Shares of Revvity, Inc. (NYSE:RVTY)

Coldstream Capital Management Inc. lifted its stake in shares of Revvity, Inc. (NYSE:RVTY) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,390 shares of the company’s stock after buying an additional 143 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Revvity were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RVTY. Tidal Investments LLC raised its holdings in Revvity by 2,388.8% in the third quarter. Tidal Investments LLC now owns 52,787 shares of the company’s stock worth $6,744,000 after purchasing an additional 50,666 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Revvity by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 141,871 shares of the company’s stock worth $18,124,000 after buying an additional 4,263 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Revvity by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 344,115 shares of the company’s stock worth $43,961,000 after acquiring an additional 41,497 shares in the last quarter. GAMMA Investing LLC lifted its position in Revvity by 10.8% during the 4th quarter. GAMMA Investing LLC now owns 1,898 shares of the company’s stock valued at $212,000 after acquiring an additional 185 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Revvity by 8.0% during the fourth quarter. Nordea Investment Management AB now owns 9,681 shares of the company’s stock worth $1,084,000 after acquiring an additional 719 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on RVTY. KeyCorp raised their target price on shares of Revvity from $132.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Revvity from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday. Sanford C. Bernstein downgraded Revvity from an “outperform” rating to a “market perform” rating and set a $130.00 target price on the stock. in a report on Friday, January 10th. Barclays reduced their price target on Revvity from $140.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, The Goldman Sachs Group dropped their price target on shares of Revvity from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Revvity has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Revvity Trading Down 0.5 %

Shares of RVTY stock opened at $92.95 on Friday. The company has a current ratio of 3.60, a quick ratio of 3.03 and a debt-to-equity ratio of 0.41. Revvity, Inc. has a 12-month low of $88.53 and a 12-month high of $129.50. The stock has a market capitalization of $11.17 billion, a P/E ratio of 42.06, a P/E/G ratio of 3.82 and a beta of 1.07. The firm’s 50 day moving average is $103.23 and its 200 day moving average is $112.33.

Revvity (NYSE:RVTY) last posted its quarterly earnings data on Monday, April 28th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. Revvity had a return on equity of 7.68% and a net margin of 9.81%. The company had revenue of $664.76 million during the quarter, compared to analysts’ expectations of $662.30 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. Revvity’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts expect that Revvity, Inc. will post 4.94 earnings per share for the current year.

Revvity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, July 18th. Revvity’s dividend payout ratio is presently 11.91%.

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.