Otis Worldwide Corporation (OTIS) has been a mixed bag in terms of financial performance recently, with significant news points ranging from dividends to share sell-offs and lower sales forecasts. Investment bodies like
Pacer Advisors Inc. and Artemis Investment Management LLP have a strong stance with holdings at $5.87 million and $7.35 million respectively. Despite Q4 2024 Earnings missing expected targets, Otis showed service growth, attributing it to the strength of its service division.
Quarterly dividends were announced payable on March 7, 2025, with Otis demonstrating commitment in rewarding shareholders. Various entities, including Fifth Third Bancorp, KBC Group NV, and BDF Gestion adjusted their stakes, with some selling off parts of their holdings. Analysts from both JPMorgan Chase & Co. and Wells Fargo & Company lowered price targets for OTIS.
Revenue for Q4 was reported at $3.675 billion, surpassing estimates, yet their Q4 earnings and revenue fell below estimates causing a temporary fall in stock price. The corporation announced a **massive $2 billion share buyback program** starting 2025, this suggests a bullish sentiment and some level of financial stability.
Otis Worldwide Corporation OTIS News Analytics from Wed, 24 Jul 2024 12:56:44 GMT to Sat, 01 Feb 2025 19:26:21 GMT -
Rating -2
- Innovation 7
- Information 8
- Rumor 5
