Siemens Fonds Invest GmbH and
Nuveen Asset Management report reduced holdings in
Otis Worldwide while other firms such as
Twinbeech Capital and
Texas Bank & Trust Co substantially invest. The elevator giant faces
China headwinds, but the firm managed to support Space Needle's new panoramic glass elevator launch.
UBS AM,
Royal Bank of Canada, and
Toronto Dominion Bank also increased their stakes which could imply confidence in Otis. There is a potential 24% undervaluation and a possible dividend to be interested in.
Judy Marks, Otis CEO, successfully navigates the company through various challenges. The quarterly earnings were lower than expected and the exposure to tariffs affected performance. Nevertheless, there are tariff negotiations and new
Made to Move communities' challenge winner. Earnings turned out better than it seemed, highlighting strong service growth. The company experienced
China weakness yet maintains a resilient approach. There is speculative
stock undervaluation, but the impact of
tariffs reduces Chinese orders. Otis was appointed the elevator and escalator supplier for
Kaohsiung MRT Red Line Extension while the
Italian competition watchdog investigates the corporation.
Otis Worldwide Corporation OTIS News Analytics from Thu, 10 Oct 2024 07:00:00 GMT to Sat, 24 May 2025 22:29:19 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor -2
