Several investment firms have been adjusting their stakes in
Otis Worldwide Corporation including Carolina Wealth Advisors, Envestnet Portfolio Solutions, Loring Wolcott & Coolidge Fiduciary Advisors, and others. There is a fluctuating sentiment towards the company's stock, with some firms increasing positions, while others reduce or sell. Notably,
Quintet Private Bank Europe bought 9,467 shares, while
Meyer Handelman reduced its stock holdings. Amidst this,
CEO Judy Marks leads Otis through technological evolution and market uncertainties. The company's revenue trajectory from 2009 to 2023 has also come to focus. Companies like
GAMMA Investing hold a massive stake in Otis, indicating strong investor confidence. Meanwhile, Otis has been facing legal complications, with a fine settlement of over $600,000 over False Claims Act allegations, and a separate $1.6 million payment in Italy to terminate an antitrust probe. Regardless, the company continues to innovate, with the opening of the first Otis Double-Deck, Panoramic Glass Elevator in the iconic Seattle Space Needle. Furthermore, despite a mixed performance in Q1, missing estimates and a drop in profits in Chinese markets, Otis has revised its revenue forecast and even raised its dividend by 8%, indicating optimism for the future.
Otis Worldwide Corporation OTIS News Analytics from Mon, 02 Sep 2024 07:00:00 GMT to Sat, 28 Jun 2025 10:00:48 GMT -
Rating 2
- Innovation 4
- Information 5
- Rumor -3
