Otis Worldwide Corporation has recently seen extensive
share buying and selling activities by numerous firms. Companies such as
Custos Family Office LLC,
Vinva Investment Management Ltd, and
Generali Asset Management SPA SGR have invested in Otis Worldwide, while some have reduced their positions, like
Corient Private Wealth LLC and
Vinva Investment Management. The
Q4 2024 Earnings Call highlighted strong service growth amid new challenges. Notably,
Swiss National Bank sold a portion of its shares, and several companies, including
Zurcher Kantonalbank Zurich Cantonalbank and
Mystic Asset Management Inc, have acquired shares. The company released mixed Q4 results, with
earnings missing estimates reverberating in the stock price decrease. However, the
S&P 500 performance comparison showed Otis lagging. Notably, Otis announced a
$2 Billion Share Buyback Program starting in 2025. The company was also investigated by the
Italian competition watchdog. Otis Worldwide's stock soared to an all-time high amid robust growth. Its next quarterly earnings report is highly anticipated, alongside its fresh dividend payout announcement.
Otis Worldwide Corporation OTIS News Analytics from Sat, 27 Apr 2024 07:00:00 GMT to Sat, 22 Mar 2025 09:29:56 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
