Otis Worldwide Corporation (OTIS) has seen a mixture of positive and negative activity recently. There are multiple cases of
investment firms increasing or reducing their stakes in the company, such as
Brown Advisory Inc. and
AQR Capital Management LLC. Challenging global market conditions led to a drop in stock prices, despite OTIS surpassing Q1 2025 earnings estimates. The company also grappled with the impact of tariffs on Chinese market operations, leading to a decrease in new equipment orders and a 31% decline in profits. In light of recent performance, some brokerages have set a new target price for OTIS at
$100.00. Despite these difficulties, OTIS managed to achieve global recognition in its
Made to Move Communities challenge and announced an
8% increase in their quarterly dividend to $0.42. The successful integration of an Otis Elevator with a delivery robot in a New Zealand hotel also highlighted the company's ongoing technological innovation.
Otis Worldwide Corporation OTIS News Analytics from Wed, 02 Oct 2024 07:00:00 GMT to Sat, 10 May 2025 23:10:22 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -2
