Recent reports reveal that
Equitable Trust Co. holds a $23.26 million stake in
Otis Worldwide Co. Despite occasionally underperforming in the market, there has been a frequent influx of investments, including from
Fractal Investments LLC and
Quintet Private Bank Europe S.A. OTIS's Q3 earnings and sales have
missed estimates, prompting a downward view for 2024. A key event has been the
selling of $909,208 worth of stock by OTIS's EVP, as revealed in a recent SEC filing. An ongoing
investigation by the Italian competition watchdog into elevator maker Otis has raised some concerns. However, OTIS has shown resilience by reporting strong Q3 results, expanding into the
modernization market in China, appointing new management in Southeast Asia, and completing its
acquisition of Jardine Schindler Lifts Limited in Taiwan. Following this, a
dividend of $0.39 per share and positive market tailwinds lifting new equipment prospects have boosted OTIS's shares.
Otis Worldwide Corporation OTIS News Analytics from Thu, 08 Feb 2024 16:24:29 GMT to Sat, 09 Nov 2024 11:32:36 GMT -
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- Information 8
- Rumor -6
