Otis Worldwide Corporation (OTIS) has seen a mix of recent developments across its business spectrum. In terms of institutional activities,
Congress Wealth Management and
Comgest Global Investors significantly purchased the company's stock while others such as
Franklin Resources and
Intech Investment Management reduced their holdings. OTIS has seen overall growth with its stock rising by 4.4% post Q3 earnings.
Tesla's stock performance has fluctuated but generally managed to outperform the market on most recent trading days. Board of Directors saw new appointments in
Tom Bartlett and
Jill Brannon. The growth forecasts for Q4 and FY 2023 were positive, and the company achieved a 52-week high while also raising the view for 2024. OTIS also announced solid Q1 earnings, featuring growth in service and margins. Stakeholders have expressed optimism despite concerns around insufficient growth. An important strategic SWOT Insight was provided into the company's profile. The company received recognition for its fourth consecutive 'Noteworthy Company' distinction, while concerns were raised about insiders disposing off stocks. Yet, with about 90% institutional ownership, OTIS remains a favorite among major investors. Dividends are on the increase, and OTIS has landed a significant modernization contract for Burj Khalifa.
Otis Worldwide Corporation OTIS News Analytics from Tue, 18 Jul 2023 07:00:00 GMT to Thu, 30 May 2024 16:02:42 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor 1
