Otis Worldwide Corporation (OTIS) has been gaining attention in the recent news due to its financial performance, market standing, and offers. According to renowned TV personality, Jim Cramer, OTIS has a significant inclination towards the China market. It has seen investment from several firms such as Equitable Trust Co., Allianz Asset Management GmbH, ANTIPODES PARTNERS Ltd., and Davis Rea LTD., among others.
Furthermore, Otis has beaten its quarterly earnings expectations by $0.02 per share and announced a quarterly dividend payout of $0.42, depicting an impressive financial standing.
The recent release of Q2 Earnings reflected mixed sentiments, marking steady performance yet missing sales expectations. However, it presents a possible opportunity for new investors, with Wolfe Research upgrading its OTIS stock rating.
In addition, Otis anticipates cost savings of $240M till year-end 2025 through its strategy - UpLift and China transformation. Yet, Otis shares experienced a 14% fall after a miss in revenue forecast and flat growth in new equipment orders. Despite some setbacks, various analysts predict OTIS as a strong long-term investment.
Otis Worldwide Corporation OTIS News Analytics from Tue, 11 Mar 2025 07:00:00 GMT to Sun, 27 Jul 2025 00:02:49 GMT - Rating 3 - Innovation 2 - Information 6 - Rumor -2
