Revvity Inc. (NYSE:RVTY) Given Average Recommendation of “Hold” by Analysts

Shares of Revvity Inc. (NYSE:RVTY) have earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $113.6667.

A number of analysts have issued reports on RVTY shares. Robert W. Baird set a $129.00 price target on Revvity in a research note on Tuesday, February 3rd. TD Cowen reiterated a “hold” rating on shares of Revvity in a report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of Revvity from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Bank of America downgraded shares of Revvity from a “buy” rating to a “neutral” rating and set a $110.00 target price for the company. in a report on Monday, December 15th. Finally, Jefferies Financial Group increased their price target on shares of Revvity from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd.

Institutional Investors Weigh In On Revvity

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Revvity in the 2nd quarter valued at about $32,000. Cromwell Holdings LLC increased its position in Revvity by 141.4% during the 4th quarter. Cromwell Holdings LLC now owns 338 shares of the company’s stock worth $33,000 after purchasing an additional 198 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Revvity in the second quarter valued at approximately $34,000. CVA Family Office LLC lifted its position in Revvity by 79.0% during the second quarter. CVA Family Office LLC now owns 410 shares of the company’s stock valued at $40,000 after buying an additional 181 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Revvity during the second quarter worth approximately $49,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Revvity Stock Up 2.8%

RVTY stock opened at $97.67 on Thursday. The company has a 50 day moving average price of $103.29 and a two-hundred day moving average price of $95.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.40 and a current ratio of 1.68. The stock has a market capitalization of $11.07 billion, a P/E ratio of 46.96, a PEG ratio of 2.02 and a beta of 1.07. Revvity has a one year low of $81.36 and a one year high of $120.39.

Revvity (NYSE:RVTY) last issued its quarterly earnings results on Monday, February 2nd. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.15. The company had revenue of $772.06 million for the quarter, compared to analyst estimates of $759.81 million. Revvity had a return on equity of 7.92% and a net margin of 8.45%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 EPS. Revvity has set its FY 2026 guidance at 5.350-5.450 EPS. As a group, sell-side analysts expect that Revvity will post 4.94 EPS for the current year.

Revvity declared that its Board of Directors has authorized a stock repurchase program on Monday, October 27th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Revvity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 17th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, April 17th. Revvity’s dividend payout ratio is presently 13.46%.

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.