Caprock Group LLC lifted its holdings in shares of Otis Worldwide Co. (NYSE:OTIS – Free Report) by 100.8% through the second quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities and Trade Fee (SEC). The agency owned 5,779 shares of the corporate’s inventory after buying a further 2,901 shares through the quarter. Caprock Group LLC’s holdings in Otis Worldwide had been price $556,000 on the finish of the newest quarter.
A number of different institutional buyers have additionally modified their holdings of OTIS. Vanguard Group Inc. raised its holdings in Otis Worldwide by 14.8% through the 4th quarter. Vanguard Group Inc. now owns 45,773,358 shares of the corporate’s inventory price $4,095,342,000 after shopping for a further 5,913,933 shares through the interval. Norges Financial institution purchased a brand new stake in Otis Worldwide within the 4th quarter valued at $628,855,000. PineStone Asset Administration Inc. boosted its stake in Otis Worldwide by 138.3% within the 2nd quarter. PineStone Asset Administration Inc. now owns 4,464,131 shares of the corporate’s inventory price $429,717,000 after buying a further 2,590,780 shares through the interval. Sarasin & Companions LLP elevated its holdings in Otis Worldwide by 27.2% through the 2nd quarter. Sarasin & Companions LLP now owns 4,135,271 shares of the corporate’s inventory price $398,061,000 after buying a further 883,659 shares within the final quarter. Lastly, Mitsubishi UFJ Asset Administration Co. Ltd. raised its stake in shares of Otis Worldwide by 4.1% within the 1st quarter. Mitsubishi UFJ Asset Administration Co. Ltd. now owns 3,191,118 shares of the corporate’s inventory valued at $316,782,000 after buying a further 126,684 shares through the interval. Institutional buyers personal 88.03% of the corporate’s inventory.
Otis Worldwide Value Efficiency
Otis Worldwide inventory opened at $92.49 on Thursday. Otis Worldwide Co. has a fifty-two week low of $73.32 and a fifty-two week excessive of $100.84. The agency has a market capitalization of $37.40 billion, a PE ratio of 26.73 and a beta of 1.03. The corporate’s 50-day shifting common is $94.62 and its 200-day shifting common is $95.93.
Otis Worldwide (NYSE:OTIS – Get Free Report) final launched its quarterly earnings knowledge on Wednesday, July twenty fourth. The corporate reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.03. Otis Worldwide had a damaging return on fairness of 31.65% and a internet margin of 10.35%. The agency had income of $3.60 billion for the quarter, in comparison with analyst estimates of $3.74 billion. Throughout the identical quarter within the prior yr, the corporate earned $0.92 earnings per share. The enterprise’s income for the quarter was down 3.2% in comparison with the identical quarter final yr. As a gaggle, analysts count on that Otis Worldwide Co. will publish 3.88 EPS for the present yr.
Otis Worldwide Pronounces Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Friday, September sixth. Shareholders of file on Friday, August sixteenth had been issued a $0.39 dividend. The ex-dividend date was Friday, August sixteenth. This represents a $1.56 annualized dividend and a dividend yield of 1.69%. Otis Worldwide’s dividend payout ratio is at the moment 45.09%.
Wall Avenue Analysts Forecast Progress
Numerous analysis companies just lately issued reviews on OTIS. Wells Fargo & Firm decreased their worth goal on Otis Worldwide from $100.00 to $95.00 and set an “equal weight” ranking for the corporate in a report on Thursday, July twenty fifth. Morgan Stanley began protection on shares of Otis Worldwide in a report on Friday, September sixth. They issued an “equal weight” ranking and a $97.00 worth goal on the inventory. Seven equities analysis analysts have rated the inventory with a maintain ranking and two have given a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat, Otis Worldwide presently has a mean ranking of “Maintain” and a mean worth goal of $98.57.
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Otis Worldwide Profile
Otis Worldwide Company engages in manufacturing, set up, and servicing of elevators and escalators in america, China, and internationally. The corporate operates in two segments, New Tools and Service. The New Tools phase designs, manufactures, sells, and installs a variety of passenger and freight elevators, in addition to escalators and shifting walkways for residential and industrial buildings, and infrastructure tasks.
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