There have been substantial activities with
Otis Worldwide Corporation's stock transactions. Several financial organizations and investment firms have altered their holdings of the company's shares, with many selling large quantities, but also others increasing their stake. The company reported its Q4 2024 earnings that underperformed estimates, resulting in decreased stock prices. An executive made a multi-million dollar stock sale and
Zacks Research decreased its earnings estimates for the company.
Wells Fargo lowered Otis's price target. Despite the earnings miss, it announced a dividend of $0.39 per share. The company also has plans for a
$2 billion share buyback program starting from 2025.
HSBC raised its price target on Otis and there is a possible sign of caution due to insiders selling $4.3m worth of stock. Additionally, a strategic SWOT insight notes
China headwinds and service strength. Amid these dynamics, the company has faced talent retention challenges in the competitive labor market.
Otis Worldwide Corporation OTIS News Analytics from Wed, 24 Jul 2024 12:56:44 GMT to Sat, 22 Feb 2025 12:55:46 GMT -
Rating -2
- Innovation -3
- Information 3
- Rumor -4
