T. Rowe Price (RVTY) discloses 19.8% Revvity stake in Schedule 13G/A
Rhea-AI Filing Summary
T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G/A reporting a significant passive ownership stake in Revvity Inc. (common stock). The firm reports beneficial ownership of 22,447,103 shares, representing 19.8% of the class, with sole voting and dispositive power over these shares.
The filing notes that clients and funds advised by T. Rowe Price ultimately receive dividends and sale proceeds, and any delegated discretionary authority can be revoked. The T. Rowe Price Capital Appreciation Fund holds 14,366,588 shares, or 12.7% of the class. T. Rowe Price states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, and expressly denies beneficial ownership beyond its advisory role.
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Insights
T. Rowe Price reports a large, passive 19.8% stake in Revvity.
T. Rowe Price Investment Management discloses beneficial ownership of 22,447,103 Revvity common shares, or
The filing emphasizes that shares are held in the ordinary course of business and not to change or influence control, aligning with a passive Schedule 13G posture. It also clarifies that clients retain the economic rights to dividends and sale proceeds and that delegated authority can be revoked.
The T. Rowe Price Capital Appreciation Fund alone holds 14,366,588 shares, or