Various financial and asset management firms are adjusting their holdings in
Otis Worldwide Corporation (OTIS). Amid some insider selling, firms such as Nisa Investment Advisors and Assenagon Asset Management have reduced their stakes, while Diversify Wealth Management and Canoe Financial LP increased their shares. OTIS's critical announcements include a massive
$2 billion share buyback program set to begin in 2025, and a recent quarterly earnings release. Notably, Sarasin & Partners lists OTIS as its 9th largest position, while Artemis Investment Management maintains a $7.35 million stake. Multiple entities forecast a consensus price target of $103.88, whereas JPMorgan Chase lowered their price target to $108.00. Despite some recent stock falls, OTIS shares generally performed well, occasionally outperforming the market, and the firm's robust dividend growth is appreciated. However, notwithstanding the firm's strong business model, weak momentum and hesitancy posited by insider selling are potential causes for concern. Nevertheless, OTIS solidifies its commendable reputation by earning an elite Gold Rating in global sustainability rankings, standing in the top 5% among 130,000 companies.
Otis Worldwide Corporation OTIS News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Fri, 24 Jan 2025 17:09:23 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor 5
