Otis Worldwide Corporation (OTIS) recently underwent a mixed evaluation in the stock market, performing both above and below average on different days. Analysts recommend holding stock due to robust fundamentals and growth levers, though they consider it highly valued. A predicted Q3 2024 earnings report has given consumers confidence in the future of the stock. Furthermore, shares were sold by the Teacher Retirement System of Texas while Spire Wealth Management increased its holdings. Mitsubishi UFJ Asset Management has a significant stock holding to the tune of $268.60 million. Short interest in OTIS fell by 14.3% in April. The organization also earned a Gold Sustainability Rating from EcoVadis for the second year running. OTIS Q1 earnings were bolstered by strong service growth and margin expansion. Noteworthy is the modernization project and 10-year contract extension for the Burj Khalifa that Otis has secured. This demonstrates the company's ability to secure significant and lucrative contracts. Other key decisions include the appointment of Tom Bartlett and Jill Brannon to the company's Board of Directors.
Otis Worldwide Corporation OTIS News Analytics from Wed, 26 Jul 2023 07:00:00 GMT to Sat, 18 May 2024 17:18:58 GMT -
Rating 5
- Innovation 4
- Information 5
- Rumor 0
