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

Revvity Inc. (NYSE:RVTY) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $108.3636.

RVTY has been the subject of a number of recent research reports. Evercore reissued an “outperform” rating on shares of Revvity in a research report on Wednesday, August 5th. Weiss Ratings raised Revvity from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Sanford C. Bernstein started coverage on Revvity in a research note on Friday, June 26th. They set a “market perform” rating and a $115.00 price target for the company. TD Cowen reissued a “buy” rating on shares of Revvity in a report on Wednesday, July 15th. Finally, Barclays boosted their price objective on Revvity from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th.

Institutional Trading of Revvity

Several hedge funds and other institutional investors have recently modified their holdings of RVTY. KBC Group NV raised its holdings in Revvity by 115.4% during the 4th quarter. KBC Group NV now owns 39,522 shares of the company’s stock valued at $3,824,000 after acquiring an additional 21,174 shares during the period. Corient Private Wealth LLC lifted its position in shares of Revvity by 985.0% during the fourth quarter. Corient Private Wealth LLC now owns 126,568 shares of the company’s stock worth $12,245,000 after acquiring an additional 114,903 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Revvity by 19.8% in the first quarter. California State Teachers Retirement System now owns 133,809 shares of the company’s stock worth $11,723,000 after acquiring an additional 22,075 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of Revvity by 6.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 426,899 shares of the company’s stock worth $41,302,000 after acquiring an additional 25,233 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Revvity by 14.7% in the first quarter. Bank of America Corp DE now owns 880,503 shares of the company’s stock valued at $77,141,000 after purchasing an additional 112,928 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Revvity Stock Up 4.9%

Revvity stock opened at $119.33 on Thursday. The firm has a 50 day moving average price of $110.49 and a 200-day moving average price of $100.09. The company has a quick ratio of 1.50, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. Revvity has a twelve month low of $81.22 and a twelve month high of $122.11. The company has a market capitalization of $13.32 billion, a P/E ratio of 56.82, a P/E/G ratio of 2.07 and a beta of 1.07.

Revvity (NYSE:RVTY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.20. Revvity had a net margin of 8.16% and a return on equity of 8.34%. The company 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 firm posted $1.18 EPS. Revvity’s revenue was down 1.3% on a year-over-year basis. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. As a group, equities analysts predict that Revvity will post 5.36 EPS for the current year.

Revvity Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, October 23rd. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. Revvity’s dividend payout ratio (DPR) is presently 13.33%.

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.