Revvity Inc. (NYSE:RVTY) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analyst sentiment is neutral: Revvity has a consensus “Hold” rating from 17 analysts, including 13 holds and four buys. The average 12-month price target is $114.77, below the stock’s reported opening price of $130.24.
• Quarterly results beat expectations: Revvity reported adjusted EPS of $1.41 versus the $1.21 consensus estimate and revenue of $729.69 million versus expectations of $702.96 million, though revenue declined 1.3% year over year.
• Institutional ownership remains high: Hedge funds and other institutional investors own 86.65% of Revvity’s shares, while the company declared a quarterly dividend of $0.07, equivalent to a 0.2% annual yield.

Revvity Inc. (NYSE:RVTY - Get Free Report) has earned a consensus recommendation of "Hold" from the seventeen analysts that are covering the stock, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $114.7692.

RVTY has been the topic of a number of research analyst reports. KeyCorp boosted their target price on Revvity from $125.00 to $165.00 and gave the stock an "overweight" rating in a research report on Friday. Wolfe Research began coverage on Revvity in a report on Tuesday, June 2nd. They set a "peer perform" rating for the company. Zacks Research raised Revvity from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Wall Street Zen cut Revvity from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Finally, Evercore reiterated an "outperform" rating on shares of Revvity in a research report on Wednesday, August 5th.

Revvity Price Performance

Shares of NYSE:RVTY opened at $130.24 on Monday. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 62.02, a P/E/G ratio of 2.37 and a beta of 1.09. The firm has a fifty day moving average price of $116.41 and a 200 day moving average price of $102.29. Revvity has a fifty-two week low of $81.22 and a fifty-two week high of $133.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.50 and a current ratio of 1.80.

Revvity (NYSE:RVTY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.21 by $0.20. Revvity had a net margin of 8.16% and a return on equity of 8.34%. The business had revenue of $729.69 million for the quarter, compared to analysts' expectations of $702.96 million. During the same quarter in the previous year, the company earned $1.18 EPS. The business's quarterly revenue was down 1.3% compared to the same quarter last year. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. As a group, sell-side analysts expect that Revvity will post 5.37 earnings per share for the current fiscal year.

Revvity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 23rd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, October 23rd. Revvity's payout ratio is currently 13.33%.

Hedge Funds Weigh In On Revvity

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board increased 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 raised its holdings in shares of Revvity by 8.9% during the fourth quarter. Allworth Financial LP now owns 1,275 shares of the company's stock worth $123,000 after purchasing an additional 104 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Revvity by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,074 shares of the company's stock valued at $231,000 after purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Revvity by 17.0% in the first quarter. EverSource Wealth Advisors LLC now owns 749 shares of the company's stock valued at $66,000 after purchasing an additional 109 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in Revvity by 2.0% in the second quarter. Angeles Wealth Management LLC now owns 5,804 shares of the company's stock valued at $646,000 after purchasing an additional 112 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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