Otis Worldwide Corporation (OTIS) has been a focal point in the recent financial news cycle. Various institutions including
TCW Group Inc., Wealth Enhancement Advisory Services LLC, and
Bank Pictet & Cie Asia Ltd have changed their holdings in OTIS, whereas
Sequoia Financial Advisors LLC and
Cetera Advisors LLC have increased their positions. The company's stocks experienced fluctuations but has outperformed the market on several occasions. Despite the volatility, OTIS has reported a
3-Year EPS without NRI Growth Rate of 19.40% until June 2024. The company has launched
Gen3™, a digitally-connected elevator, in Thailand and secured a
10-year service contract extension for the Burj Khalifa. It has also reported solid service growth and margin expansion in Q1 earnings. Although some consider that the corporation's shareholders might be looking for an exit, others see the upcoming dividend as a reason to invest. Investors are optimistic despite discussing the lack of growth in
Otis Worldwide Corporation. It has also experienced insider sell from the President of Otis Asia Pacific. Furthermore, the corporation reported mixed Q2 results while raising its adj. EPS outlook.
Otis Worldwide Corporation OTIS News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 18 Aug 2024 16:36:16 GMT -
Rating 6
- Innovation -4
- Information 8
- Rumor -2
