Eversept Partners LP Trims Stake in Revvity Inc. $RVTY

Eversept Partners LP cut its position in shares of Revvity Inc. (NYSE:RVTY) by 47.9% in the first quarter, Holdings Channel.com reports. The firm owned 84,854 shares of the company’s stock after selling 77,923 shares during the quarter. Eversept Partners LP’s holdings in Revvity were worth $7,434,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Revvity by 5.2% in the first 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. grew its stake in shares of Revvity by 6.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,776 shares of the company’s stock valued at $1,246,000 after buying an additional 744 shares during the last quarter. Millennium Management LLC grew its stake in shares of Revvity by 102.0% during the first quarter. Millennium Management LLC now owns 69,401 shares of the company’s stock valued at $7,343,000 after buying an additional 35,048 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Revvity by 45.5% in the first quarter. Goldman Sachs Group Inc. now owns 607,104 shares of the company’s stock worth $64,232,000 after buying an additional 189,871 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of Revvity by 13.0% in 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. 86.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RVTY shares. Stifel Nicolaus dropped their price objective on Revvity from $110.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Wall Street Zen lowered Revvity from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings upgraded Revvity from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Robert W. Baird set a $117.00 target price on Revvity in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein started coverage on shares of Revvity in a research note on Friday, June 26th. They set a “market perform” rating and a $115.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.92.

Revvity Stock Performance

Revvity stock opened at $108.04 on Tuesday. The company has a 50 day moving average price of $105.15 and a 200-day moving average price of $99.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.72. Revvity Inc. has a fifty-two week low of $81.22 and a fifty-two week high of $118.30. The company has a market capitalization of $12.05 billion, a PE ratio of 51.69, a P/E/G ratio of 2.17 and a beta of 1.09.

Revvity (NYSE:RVTY) last announced its quarterly earnings data 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. The company had revenue of $711.12 million for the quarter, compared to analysts’ expectations of $704.07 million. Revvity had a return on equity of 8.00% and a net margin of 8.26%.Revvity’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, equities analysts forecast that Revvity Inc. will post 5.25 earnings per share for the current year.

Revvity Announces Dividend

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