Institutional investors boost stakes in Otis Worldwide, despite Q3 earnings miss and "Hold" rating.
Chicago Trust Co NA and other institutional investors increased their stakes in Otis Worldwide, with JPMorgan Chase & Co. and Franklin Resources Inc. notably raising their holdings. Despite a $0.01 miss on its Q3 earnings report, Otis Worldwide's stock, valued at $36.31 billion, has a "Hold" consensus rating and a $103.50 target price. The company, which services elevators and escalators globally, also announced a quarterly dividend of $0.39.
3 months ago
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