Franklin Resources Inc. increased its Otis Worldwide stake by nearly 58%, holding shares now worth $774.86 million.

Franklin Resources Inc. boosted its stake in Otis Worldwide by 58.3%, holding shares worth $774.86 million. Otis Worldwide's stock opened at $97.79, with a market cap of $39.06 billion. The company reported earnings of $0.96 per share, missing expectations by $0.01. Otis has a dividend yield of 1.60% and analysts give it a "Hold" rating with a $104.50 target price. Institutional investors hold 88.03% of the company's stock.

4 months ago
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