Revvity (NYSE:RVTY) Hits New 12-Month High - What's Next?

Key Points

• Revvity shares reached a new 52-week high of $125.97, trading near $124.94, well above the 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: three analysts rate the stock Buy and twelve rate it Hold, with an average rating of Hold and a consensus price target of $108.36.
• Revvity exceeded quarterly earnings and revenue expectations, reporting $1.41 in EPS versus $1.21 expected and $729.69 million in revenue; it also declared a quarterly dividend of $0.07 per share.

Shares of Revvity Inc. (NYSE:RVTY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $125.97 and last traded at $124.9360, with a volume of 51126 shares trading hands. The stock had previously closed at $124.84.

Wall Street Analyst Weigh In

RVTY has been the subject of several analyst reports. Evercore reissued an "outperform" rating on shares of Revvity in a report on Wednesday, August 5th. Sanford C. Bernstein initiated coverage on shares of Revvity in a report on Friday, June 26th. They issued a "market perform" rating and a $115.00 price objective on the stock. Barclays lifted their price objective 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. Wolfe Research began coverage on shares of Revvity in a research note on Tuesday, June 2nd. They set a "peer perform" rating for the company. Finally, Robert W. Baird set a $117.00 target price on shares of Revvity in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $108.36.

Revvity Stock Up 0.2%

The firm's fifty day moving average price is $112.37 and its 200-day moving average price is $100.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.50. The firm has a market capitalization of $13.97 billion, a P/E ratio of 59.55, a PEG ratio of 2.24 and a beta of 1.07.

Revvity (NYSE:RVTY - Get Free Report) last announced its 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. The firm had revenue of $729.69 million for the quarter, compared to analysts' expectations of $702.96 million. Revvity had a return on equity of 8.34% and a net margin of 8.16%.The firm's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 earnings per share. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. As a group, equities research analysts forecast that Revvity Inc. will post 5.36 earnings per share for the current year.

Revvity Dividend Announcement

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

Institutional Trading of Revvity

Several institutional investors have recently modified their holdings of the company. New Mexico Educational Retirement Board increased its holdings in shares of Revvity by 1.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 5,416 shares of the company's stock valued at $524,000 after acquiring an additional 100 shares during the last quarter. Allworth Financial LP lifted its holdings in Revvity by 8.9% in the 4th 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. boosted 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 worth $231,000 after purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC boosted its position in Revvity by 17.0% during the first quarter. EverSource Wealth Advisors LLC now owns 749 shares of the company's stock worth $66,000 after purchasing an additional 109 shares during the period. Finally, Angeles Wealth Management LLC boosted its position in Revvity by 2.0% during the second quarter. Angeles Wealth Management LLC now owns 5,804 shares of the company's stock worth $646,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.

Revvity Company 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.

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