Triasima Portfolio Management Inc. and various other asset management firms such as
abrdn plc,
Mirae Asset Global Investments Co. Ltd, and
Lecap Asset Management Ltd made significant investments in
Otis Worldwide Co. Conversely, other firms including
Robeco Institutional Asset Management B.V, and
Jennison Associates LLC decreased their holdings.
Otis Worldwide Corporation has been dealing with talent retention problems in a competitive labor market while simultaneously balancing growth and challenges, according to earnings call insights. Despite missing
Q4 earnings estimates, the corporation revealed strong service growth and a positive outlook, and made progress in maintaining shareholder relations through regular dividend payouts and a remarkable
$2 Billion Share Buyback Program starting in 2025. The corporation also announced updates on FY 2025 earnings guidance and financial performance with Q4 Revenue of $3.675 Billion, Adjusted EPS of $0.93 surpassing estimates. Meanwhile,
JPMorgan Chase & Co. strategically acquired shares in Otis Worldwide Corp while Otis’ insiders divest portions of their stock.
Otis Worldwide Corporation OTIS News Analytics from Sat, 27 Apr 2024 07:00:00 GMT to Sat, 08 Feb 2025 14:47:40 GMT -
Rating 6
- Innovation -4
- Information 4
- Rumor 2
