Nuveen LLC and multiple other institutions have bought shares of Otis Worldwide Corporation (OTIS). Notably, JPMorgan Chase & Co. acquired approximately 2.4 million shares, while Vanguard Group Inc. bought around 1.6 million shares. However, Citigroup Inc., Mizuho Securities USA LLC, and Deutsche Bank AG have lowered their holdings, among others. Notwithstanding, Invesco Ltd., Swiss National Bank, National Bank of Canada FI, and Mitsubishi UFJ Asset Management Co. Ltd. still maintain significant stock positions in Otis Worldwide. Despite the company's struggle in the recent quarter with poor performance in China, the stock is still receiving mixed reviews on Wall Street. Lower earnings estimates were reported by Zacks Research, and the company's stock price reached a new 52-week low. However, Otis Worldwide secured a new $1.5 billion credit facility and continues to innovate with contracts for high-rise elevators in Dubai. The company also continues to be involved in the real estate sector, with projects such as the Sobha Realty's Riverside Crescent project.
Otis Worldwide Corporation OTIS News Analytics from Tue, 11 Mar 2025 07:00:00 GMT to Sun, 17 Aug 2025 00:42:49 GMT -
Rating -2
- Innovation 4
- Information 8
- Rumor -6
