Revvity (NYSE:RVTY) Upgraded to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Revvity (NYSE:RVTY) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on RVTY. The Goldman Sachs Group cut their price target on shares of Revvity from $110.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Barclays increased their price objective on shares of Revvity from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. TD Cowen lifted their target price on Revvity from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Revvity from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Wall Street Zen downgraded Revvity from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $108.33.

Revvity Stock Down 0.5%

Shares of NYSE:RVTY opened at $112.98 on Thursday. The firm has a market capitalization of $12.60 billion, a PE ratio of 54.06, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. The firm has a fifty day moving average of $97.46 and a 200 day moving average of $97.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.72. Revvity has a 52-week low of $81.22 and a 52-week high of $118.30.

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

Revvity Dividend Announcement

The company 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 $0.07 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Revvity’s payout ratio is presently 13.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Redwood Investment Management LLC grew its stake in shares of Revvity by 5.5% in the 1st quarter. Redwood Investment Management LLC now owns 11,942 shares of the company’s stock worth $1,046,000 after buying an additional 624 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Revvity by 4.0% during the 1st quarter. Glenmede Trust Co. NA now owns 4,696 shares of the company’s stock valued at $411,000 after buying an additional 180 shares in the last quarter. Bank of America Corp DE raised its position in shares of Revvity by 14.7% during the 1st quarter. Bank of America Corp DE now owns 880,503 shares of the company’s stock valued at $77,141,000 after buying an additional 112,928 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Revvity by 2.3% in the 1st quarter. Janus Henderson Group PLC now owns 8,348,127 shares of the company’s stock valued at $731,386,000 after acquiring an additional 186,956 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Revvity by 17.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 749 shares of the company’s stock valued at $66,000 after acquiring an additional 109 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

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.