Otis Worldwide Corporation (OTIS) records mixed performance in the market notable for outperforming the market several times but also underperforming periodically. The company's Executive Vice President,
Peiming Zheng, conducted a notable transaction, selling 30,364 shares. Companies like the National Bank of Canada and Swiss National Bank have adjusted their position in OTIS, cutting and selling off thousands of shares respectively. On the contrary, Mission Wealth Management LP, Machina Capital S.A.S., and First Horizon Advisors Inc. are accumulating OTIS shares. Conveniently, OTIS's Q1 earnings saw solid service growth and margin expansion, surpassing Q4 estimates. The company has raised its dividends to $0.39, while maintaining a strong commitment to sustainability, earning its second consecutive EcoVadis Gold Sustainability Rating. In addition, OTIS remains active in corporate social responsibility through the successful creation of urban forests in India and providing scholarships for female students in China as part of their STEM education push. Nevertheless, some stakeholders express concerns amidst the optimism, citing inadequate growth.
Otis Worldwide Corporation OTIS News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 11:13:45 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
