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Otis Worldwide, an elevator and escalator company, was acquired by Hopwood Financial Services in a major stock buyout.
Otis Worldwide Co., which makes and installs elevators and escalators, saw its stock acquired by Hopwood Financial Services Inc. in the fourth quarter.
Despite a market cap of $39.64 billion, Otis missed earnings estimates by $0.02, reporting $0.93 EPS.
Insiders have sold shares recently, and institutional holdings remain high at 88.03%.
The stock has a "Hold" rating with a target price of $102.88.
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Otis Worldwide, una empresa de ascensores y escaleras mecánicas, fue adquirida por Hopwood Financial Services en una importante compra de acciones.