Revvity (NYSE:RVTY) Trading Up 7.2% on Analyst Upgrade

Shares of Revvity Inc. (NYSE:RVTY) were up 7.2% during mid-day trading on Thursday after Sanford C. Bernstein upgraded the stock to a hold rating. The company traded as high as $114.12 and last traded at $113.2620. 359,431 shares changed hands during trading, a decline of 73% from the average session volume of 1,330,125 shares. The stock had previously closed at $105.63.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. cut their price objective on Revvity from $96.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Stifel Nicolaus decreased their target price on Revvity from $110.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. TD Cowen increased their target price on shares of Revvity from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $117.00 price target on shares of Revvity in a report on Wednesday, May 6th. Finally, Barclays lifted their price target 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. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.33.

Institutional Trading of Revvity

Hedge funds have recently made changes to their positions in the company. EdgePoint Investment Group Inc. lifted its position in shares of Revvity by 26.3% during the third quarter. EdgePoint Investment Group Inc. now owns 8,574,280 shares of the company’s stock worth $751,536,000 after purchasing an additional 1,784,620 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Revvity by 127.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,751,612 shares of the company’s stock worth $171,921,000 after buying an additional 980,142 shares during the period. Norges Bank purchased a new stake in Revvity during the 4th quarter worth $80,382,000. Morgan Stanley lifted its holdings in Revvity by 29.6% in the 4th quarter. Morgan Stanley now owns 2,844,464 shares of the company’s stock worth $275,202,000 after buying an additional 650,083 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Revvity by 39.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,125,957 shares of the company’s stock worth $186,307,000 after buying an additional 596,436 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Revvity Trading Down 0.5%

The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $97.46 and its two-hundred day simple moving average is $97.75. The company has a market capitalization of $12.60 billion, a PE ratio of 54.06, a PEG ratio of 2.48 and a beta of 1.11.

Revvity (NYSE:RVTY) last announced its earnings results on Tuesday, May 5th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The company had revenue of $711.12 million during the quarter, compared to the consensus estimate of $704.07 million. During the same period last year, the firm earned $1.01 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. On average, analysts predict that Revvity Inc. will post 5.25 earnings per share for the current year.

Revvity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 17th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, July 17th. Revvity’s dividend payout ratio (DPR) is 13.40%.

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.