2 weeks Ago By Defense World Staff
Thrivent Financial for Lutherans cut its stake in shares of Otis Worldwide Co. ( NYSE:OTIS – Free Report ) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 33,787 shares of the company’s stock after selling 1,387 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Otis Worldwide were worth $3,252,000 as of its most recent SEC filing. Other hedge funds have also recently made changes to their positions in the company.
Meeder Asset Management Inc. lifted its stake in Otis Worldwide by 264.9% during the 2nd quarter.
Meeder Asset Management Inc. now owns 270 shares of the company’s stock valued at $26,000 after acquiring an additional 196 shares during the period. Jamison Private Wealth Management Inc.
lifted its position in Otis Worldwide by 5,720.0% during the second quarter. Jamison Private Wealth Management Inc.
now owns 291 shares of the company’s stock valued at $28,000 after purchasing an additional 286 shares during the period. Cranbrook Wealth Management LLC lifted its position in Otis Worldwide by 675.7% during the second quarter.
Cranbrook Wealth Management LLC now owns 287 shares of the company’s stock valued at $28,000 after purchasing an additional 250 shares during the period. Hantz Financial Services Inc. acquired a new stake in Otis Worldwide during the 2nd quarter worth about $29,000.
Finally, LifeSteps Financial Inc. purchased a new position in shares of Otis Worldwide during the 1st quarter valued at about $31,000. 88.
03% of the stock is owned by institutional investors and hedge funds. Otis Worldwide Trading Up 1.0 % Shares of OTIS opened at $104.
43 on Monday. The firm has a market cap of $41.83 billion, a P/E ratio of 30.
18 and a beta of 1.03. The stock’s 50 day moving average is $94.
39 and its two-hundred day moving average is $96.05. Otis Worldwide Co.
has a 12 month low of $73.32 and a 12 month high of $105.24.
Otis Worldwide Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.39 per share.
This represents a $1.56 annualized dividend and a dividend yield of 1.49%.
The ex-dividend date of this dividend was Friday, August 16th. Otis Worldwide’s payout ratio is 45.09%.
Analyst Ratings Changes A number of brokerages have recently commented on OTIS. Royal Bank of Canada restated an “outperform” rating and issued a $110.00 target price on shares of Otis Worldwide in a research note on Thursday, September 19th.
Morgan Stanley started coverage on Otis Worldwide in a research report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective on the stock.
Finally, Wells Fargo & Company dropped their price objective on shares of Otis Worldwide from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th.
Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $100.
00. Read Our Latest Stock Report on Otis Worldwide About Otis Worldwide ( Free Report ) Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service.
The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. Featured Stories Five stocks we like better than Otis Worldwide What are earnings reports? Simon Property REIT: A Safe Bet for Growth and Steady Dividends What is a Dividend King? CarMax’s Impressive Rally: What Investors Should Watch Next 3 Natural Gas Stocks That Offer Great Dividend Yields MarketBeat Week in Review – 9/23 – 9/27 Want to see what other hedge funds are holding OTIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Otis Worldwide Co.
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