Revvity (NYSE:RVTY) Hits New 1-Year High – Here’s What Happened

Revvity Inc. (NYSE:RVTY) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $158.28 and last traded at $153.6540, with a volume of 4432400 shares traded. The stock had previously closed at $152.77.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Revvity from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Zacks Research upgraded Revvity from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. TD Cowen reissued a “buy” rating on shares of Revvity in a research report on Wednesday, July 15th. Sanford C. Bernstein assumed coverage on Revvity in a research note on Friday, June 26th. They issued a “market perform” rating and a $115.00 target price on the stock. Finally, Evercore reaffirmed an “outperform” rating on shares of Revvity in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.57.

Revvity Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.50. The stock’s 50 day moving average price is $128.26 and its two-hundred day moving average price is $108.70. The firm has a market capitalization of $16.90 billion, a price-to-earnings ratio of 72.13, a PEG ratio of 2.71 and a beta of 1.06.

Revvity (NYSE:RVTY) last announced its earnings results on Tuesday, August 4th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.21 by $0.20. The firm had revenue of $729.69 million for the quarter, compared to the consensus estimate of $702.96 million. Revvity had a net margin of 8.16% and a return on equity of 8.34%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Revvity has set its FY 2026 guidance at 5.300-5.400 EPS. On average, equities research analysts anticipate that Revvity Inc. will post 5.36 EPS for the current year.

Revvity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 23rd. Revvity’s payout ratio is currently 13.33%.

Insider Buying and Selling

In other news, insider Tajinder Vohra sold 7,330 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $140.88, for a total value of $1,032,650.40. Following the sale, the insider owned 6,635 shares in the company, valued at approximately $934,738.80. This trade represents a 52.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Maxwell Krakowiak sold 1,631 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $144.53, for a total transaction of $235,728.43. Following the transaction, the insider directly owned 14,781 shares in the company, valued at $2,136,297.93. This trade represents a 9.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,130 shares of company stock valued at $1,290,745. Corporate insiders own 0.85% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Jupiter Topco LLC acquired a new stake in shares of Revvity during the 2nd quarter valued at about $961,017,000. BlackRock Inc. acquired a new stake in shares of Revvity in the 2nd quarter valued at $852,070,000. Janus Henderson Group PLC raised its holdings in Revvity by 7.0% during the 4th quarter. Janus Henderson Group PLC now owns 8,161,171 shares of the company’s stock worth $789,595,000 after purchasing an additional 533,912 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of Revvity by 3.1% during the first quarter. EdgePoint Investment Group Inc. now owns 8,800,863 shares of the company’s stock worth $771,044,000 after buying an additional 265,204 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Revvity by 0.8% in the 2nd quarter. State Street Corp now owns 4,342,739 shares of the company’s stock valued at $483,173,000 after purchasing an additional 32,426 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

About Revvity

Revvity, Inc (NYSE:RVTY) is a life sciences and diagnostics company that provides technologies, products and services used in biological research, drug discovery, clinical testing and healthcare. The company serves pharmaceutical and biotechnology companies, academic and government research institutions, hospitals, clinical laboratories and other healthcare organizations.

Its portfolio includes instruments, reagents, consumables, software and related services for areas such as genomics, proteomics, cellular analysis, imaging and multiplex testing.