Otis Worldwide Corp. (OTIS) has been clearly outperforming in the market. Major purchases of Otis shares by
Machina Capital S.A.S.,
Mission Wealth Management LP, and
International Assets Investment Management LLC reveal a strong Institutional interest.
Van ECK Associates Corp and
Summit Trail Advisors LLC have also made investments in Otis, indicating market optimism towards the firm. Also, these trends show a sustained interest from stakeholders, despite the stocks occasional underperformance. On the earnings side, Otis has surpassed Q4 Earnings estimates and reported solid growth in Q4 and FY 2023 earnings, also raising its 2024 view based on the good performance in Q1 2024. Otis Worldwide also seeks to cement its growth status with a service segment described as compelling, while showcasing its commitment to sustainability and STEM education, earning the EcoVadis Gold Sustainability Rating and providing 160 scholarships for female students in China, respectively. However, adviser sell-offs, characterized by insider sell activity from the Otis Asia Pacific president, and slight divestments from
Sigma Planning Corp, Clarius Group LLC, and
Swiss National Bank, are noteworthy. Despite mixed market performance, Otis has a bullish long-term outlook, with increased dividends and a major modernization contract for Burj Khalifa, the world's tallest building, signed under its belt.
Otis Worldwide Corporation OTIS News Analytics from Thu, 05 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 13:05:04 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor -2
