New York State Teachers Retirement System and the KBC Group reduced their holdings in Otis Worldwide Corporation, while D.A. Davidson & CO, Teacher Retirement System of Texas, and several other entities increased their positions. Otis Worldwide faces opposition from shareholders regarding executive pay and has been underperforming the Nasdaq. A recent report indicates that Wells Fargo has raised Otis's price target to $100.00. Meanwhile, controversy continues as Otis settles false billing allegations in Tennessee for over $600,000. The company also continues to demonstrate growth with innovations such as the first Otis double-deck, panoramic glass elevator at the Space Needle and receiving an ISO certification for their Brazil Factory. However, sales have declined due to tariffs affecting Chinese orders. The company's CEO, Judy Marks, has been praised for building resilience over the years, yet investor sentiment toward the stock remains mixed.
Otis Worldwide Corporation OTIS News Analytics from Thu, 10 Oct 2024 07:00:00 GMT to Sat, 05 Jul 2025 19:07:32 GMT -
Rating 2
- Innovation 5
- Information 8
- Rumor -1
