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Zurcher Kantonalbank increased its stake in Otis Worldwide Co. by 10.2% in Q3, holding 142,724 shares valued at $14.8 million. The company reported Q3 earnings of $0.96 per share, slightly missing estimates, with revenue of $3.55 billion, up 0.7% year-over-year. A quarterly dividend of $0.39 per share is set for December 6, with a yield of 1.51%.
10:41 01.12.2024
PineStone Asset Management Inc. has increased its stake in Otis Worldwide to 4,464,131 shares, valued at $429.7 million, following a significant acquisition. Other institutional investors, including Sarasin & Partners LLP and Legal & General Group Plc, have also raised their holdings. Despite a "Hold" rating from analysts, UBS Group has set a price target of $113, indicating potential upside for the stock, which recently traded at $100.20.
17:40 13.11.2024
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