In the recent events surrounding
Otis Worldwide Corporation (OTIS), the investment scene has been dynamic.
Cloverfields Capital Group LP and
Hilltop Holdings Inc. have increased their holdings in the company, while others such as
Cambridge Investment Research Advisors Inc., Orion Portfolio Solutions LLC, Parnassus Investments LLC, and
Franklin Resources Inc. have reduced their stakes. Despite stock fluctuations, OTIS has showed resilience by outperforming the market on several occasions. The Q1 2024 Earnings call transcript suggested consistent growth while the company's
Fair Value is currently being estimated. New appointments have occurred at the board level with
Tom Bartlett and Jill Brannon joining the Board of Directors. Furthermore, OTIS have excited investors with their Q4 and FY 2023 Earnings showing solid growth. The company's much-awaited dividend is expected to be a major feature for its patrons. Despite criticism on growth, OTIS maintains a strong hold in the market, as reflected by its high institutional ownership of 89% and 90% claimed by different sources.
Otis Worldwide Corporation OTIS News Analytics from Mon, 27 Jun 2022 07:00:00 GMT to Sun, 02 Jun 2024 20:53:18 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -4
