First Eagle Investment Management LLC Buys 200 Shares of Revvity, Inc. (NYSE:RVTY)

First Eagle Investment Management LLC grew its stake in shares of Revvity, Inc. (NYSE:RVTY) by 8.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,565 shares of the company’s stock after acquiring an additional 200 shares during the period. First Eagle Investment Management LLC’s holdings in Revvity were worth $269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of Revvity during the second quarter valued at approximately $25,000. Logan Capital Management Inc. bought a new stake in shares of Revvity during the fourth quarter valued at approximately $37,000. Fairfield Financial Advisors LTD purchased a new position in Revvity during the second quarter valued at approximately $43,000. Family Firm Inc. purchased a new position in Revvity during the second quarter valued at approximately $43,000. Finally, Parallel Advisors LLC purchased a new position in Revvity during the fourth quarter valued at approximately $47,000. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RVTY. JPMorgan Chase & Co. lifted their price objective on shares of Revvity from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Leerink Partners began coverage on shares of Revvity in a report on Monday, July 8th. They set an “outperform” rating and a $125.00 price objective on the stock. Bank of America lifted their price objective on shares of Revvity from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Jefferies Financial Group lifted their price objective on shares of Revvity from $115.00 to $125.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Barclays lifted their price objective on shares of Revvity from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Revvity presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

Insider Transactions at Revvity

In related news, insider Joel S. Goldberg sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $117.86, for a total transaction of $412,510.00. Following the completion of the transaction, the insider now directly owns 33,400 shares in the company, valued at $3,936,524. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Revvity Trading Down 2.8 %

NYSE:RVTY opened at $122.89 on Friday. Revvity, Inc. has a 12 month low of $79.50 and a 12 month high of $128.15. The firm has a fifty day simple moving average of $119.06 and a 200-day simple moving average of $110.60. The company has a current ratio of 2.27, a quick ratio of 1.98 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $15.16 billion, a P/E ratio of 101.56, a PEG ratio of 2.87 and a beta of 1.05.

Revvity (NYSE:RVTY) last posted its quarterly earnings data on Monday, July 29th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. Revvity had a net margin of 6.26% and a return on equity of 7.34%. The business had revenue of $691.70 million during the quarter, compared to the consensus estimate of $690.33 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Revvity, Inc. will post 4.75 earnings per share for the current year.

Revvity Dividend Announcement

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

Revvity Profile

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.