Revvity (NYSE:RVTY) Price Target Raised to $105.00

Revvity (NYSE:RVTY) had its target price raised by JPMorgan Chase & Co. from $100.00 to $105.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Revvity from $107.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Revvity in a research report on Monday, December 29th. Evercore ISI boosted their price target on Revvity from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen reissued a “hold” rating on shares of Revvity in a report on Tuesday. Finally, Jefferies Financial Group lifted their target price on Revvity from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Monday. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Revvity presently has a consensus rating of “Hold” and an average target price of $113.67.

Revvity Stock Down 4.3%

Shares of RVTY stock opened at $99.32 on Tuesday. The stock’s fifty day moving average price is $103.86 and its 200 day moving average price is $95.65. Revvity has a 1-year low of $81.36 and a 1-year high of $123.34. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 47.75, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.68 and a quick ratio of 1.44.

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 the consensus estimate of $1.55 by $0.15. Revvity had a return on equity of 7.92% and a net margin of 8.45%.The business had revenue of $772.06 million during the quarter, compared to the consensus estimate of $759.81 million. During the same quarter last year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Revvity has set its FY 2026 guidance at 5.350-5.450 EPS. On average, research analysts expect that Revvity will post 4.94 earnings per share for the current fiscal year.

Revvity Announces Dividend

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

Revvity announced that its board has approved a stock repurchase program on Monday, October 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. North Dakota State Investment Board purchased a new position in shares of Revvity during the 4th quarter valued at approximately $391,000. Allworth Financial LP grew its position in Revvity by 8.9% during the fourth quarter. Allworth Financial LP now owns 1,275 shares of the company’s stock valued at $123,000 after buying an additional 104 shares during the period. Nicholas Company Inc. grew its position in Revvity by 8.1% during the fourth quarter. Nicholas Company Inc. now owns 143,330 shares of the company’s stock valued at $13,867,000 after buying an additional 10,730 shares during the period. Ethic Inc. increased its holdings in Revvity by 15.6% in the fourth quarter. Ethic Inc. now owns 10,511 shares of the company’s stock valued at $1,017,000 after buying an additional 1,420 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Revvity by 11.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 36,359 shares of the company’s stock valued at $3,518,000 after buying an additional 3,728 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

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.