Assenagon Asset Administration S.A. lifted its holdings in shares of Otis Worldwide Co. (NYSE:OTIS – Free Report) by 355.5% within the third quarter, in accordance with its most up-to-date Type 13F submitting with the SEC. The agency owned 274,876 shares of the corporate’s inventory after shopping for an extra 214,535 shares throughout the interval. Assenagon Asset Administration S.A. owned roughly 0.07% of Otis Worldwide price $28,571,000 on the finish of the latest quarter.
A number of different hedge funds and different institutional buyers additionally lately modified their holdings of OTIS. Hancock Whitney Corp grew its holdings in Otis Worldwide by 4.6% throughout the 1st quarter. Hancock Whitney Corp now owns 2,549 shares of the corporate’s inventory valued at $253,000 after shopping for an extra 111 shares over the last quarter. Bleakley Monetary Group LLC raised its holdings in Otis Worldwide by 1.2% within the first quarter. Bleakley Monetary Group LLC now owns 9,726 shares of the corporate’s inventory valued at $965,000 after shopping for an extra 117 shares throughout the interval. Brighton Jones LLC boosted its place in shares of Otis Worldwide by 5.0% within the second quarter. Brighton Jones LLC now owns 2,580 shares of the corporate’s inventory price $248,000 after shopping for an extra 124 shares throughout the interval. Park Avenue Securities LLC grew its holdings in Otis Worldwide by 0.9% throughout the 2nd quarter. Park Avenue Securities LLC now owns 14,931 shares of the corporate’s inventory valued at $1,437,000 after buying an extra 127 shares within the final quarter. Lastly, Clearstead Belief LLC grew its stake in Otis Worldwide by 15.3% throughout the 1st quarter. Clearstead Belief LLC now owns 1,018 shares of the corporate’s inventory valued at $101,000 after buying an extra 135 shares within the final quarter. 88.03% of the inventory is presently owned by hedge funds and different institutional buyers.
Wall Road Analysts Forecast Development
OTIS has been the subject of a number of analysis analyst reviews. Barclays raised their worth goal on Otis Worldwide from $90.00 to $96.00 and gave the inventory an “equal weight” score in a analysis be aware on Wednesday, October 2nd. Wolfe Analysis lowered shares of Otis Worldwide from an “outperform” score to a “peer carry out” score in a analysis report on Tuesday, October eighth. Wells Fargo & Firm lifted their worth goal on shares of Otis Worldwide from $95.00 to $108.00 and gave the corporate an “equal weight” score in a analysis report on Monday, October seventh. Morgan Stanley began protection on Otis Worldwide in a report on Friday, September sixth. They set an “equal weight” score and a $97.00 worth goal on the inventory. Lastly, Royal Financial institution of Canada reaffirmed an “outperform” score and issued a $110.00 worth goal on shares of Otis Worldwide in a report on Thursday, September nineteenth. Eight analysts have rated the inventory with a maintain score and two have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat, the inventory has a mean score of “Maintain” and a mean goal worth of $102.71.
Learn Our Newest Inventory Report on OTIS
Otis Worldwide Inventory Efficiency
OTIS inventory opened at $101.26 on Friday. The inventory has a market cap of $40.94 billion, a P/E ratio of 29.27 and a beta of 1.03. The agency has a 50 day easy shifting common of $98.48 and a 200 day easy shifting common of $96.81. Otis Worldwide Co. has a 52 week low of $75.16 and a 52 week excessive of $106.33.
Otis Worldwide (NYSE:OTIS – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July twenty fourth. The corporate reported $1.06 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 corporate had income of $3.60 billion for the quarter, in comparison with the consensus estimate of $3.74 billion. Throughout the identical quarter final yr, the corporate posted $0.92 earnings per share. The corporate’s income for the quarter was down 3.2% in comparison with the identical quarter final yr. Promote-side analysts predict that Otis Worldwide Co. will publish 3.88 EPS for the present yr.
Otis Worldwide Profile
Otis Worldwide Company engages in manufacturing, set up, and servicing of elevators and escalators in the US, China, and internationally. The corporate operates in two segments, New Gear and Service. The New Gear section designs, manufactures, sells, and installs a variety of passenger and freight elevators, in addition to escalators and shifting walkways for residential and business buildings, and infrastructure tasks.
See Additionally
Wish to see what different hedge funds are holding OTIS? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Otis Worldwide Co. (NYSE:OTIS – Free Report).
Obtain Information & Scores for Otis Worldwide Each day – Enter your electronic mail deal with under to obtain a concise each day abstract of the newest information and analysts’ rankings for Otis Worldwide and associated corporations with MarketBeat.com’s FREE each day electronic mail e-newsletter.
