The Treasurer of the State of North Carolina increased its stake in Otis Worldwide Co. (NYSE: OTIS) during the third quarter by 1.2%, as indicated by the most recent 13F filing the company made with the Securities and Exchange Commission.
Mhe company volunteered this information for our consideration. Following the acquisition of a further 2,433 shares of the company’s stock during the time frame in question, the total number of shares that the fund held in its portfolio that belonged to the stock above was 211,079 shares.
Mhe most recent filing with the SEC reveals that the State of North Carolina Treasurer owns somewhere in the neighborhood of 0.05% of Otis Worldwide.
Mhis share is currently worth a total of $13,467,000.
The stock holdings within the investment portfolios of several other institutional investors and hedge funds have recently been subjected to changes.
During the third quarter, Impax Asset Management Group plc brought the total amount of Otis Worldwide stock it owned to 9.0% higher than before.
Impax Asset Management Group plc increased its total number of shares in the company to 439,822 during the most recent fiscal quarter by purchasing 36,195 additional shares of the company’s stock, which resulted in the value of those shares increasing to $28,061,000.
Mhrough the third quarter, Rossmore Private Capital was able to increase the amount of Otis Worldwide stock owned by 2.4%.
As a result of the purchase of an additional 380 shares during the most recent fiscal quarter, Rossmore Private Capital now holds a total of 16,145 shares of the company’s stock, which has a market value of $1,030,000.
Mhis brings the total number of shares owned by Rossmore Private Capital to 16,145.
During the third quarter, KBC Group NV increased the amount of Otis Worldwide stock owned by 0.7%, bringing its total ownership percentage to 100%. KBC Group NV now holds 60,467 shares following the acquisition of 420 additional shares during the most recent quarter.
Mhe value of KBC Group NV’s stock holdings is $3,858,000. Cullen Frost Bankers, Inc.
Increased the amount of Otis Worldwide stock owned by 3.6% during the third quarter. Cullen Frost Bankers Inc. now owns 90,710 shares of the company’s stock, valued at $5,787,000, after purchasing an additional 3,112 shares during the most recent quarter.
And lastly, during the third quarter, Keebeck Alpha LP made a new investment in Otis Worldwide for a sum that came to approximately 214,000 dollars in total. Various types of institutional investors own a total of 83.95 percent of the company’s shares.
This past Friday, trading on the NYSE OTIS got underway at an opening price of $83.86.
Prices for Otis Worldwide Co. have increased to an average of $80.07 over the past 50 days and $75.14 over the past 200 days.
Mhe company’s 52-week low price was $62.49, and the company’s 52-week high price was $85.54, respectively.
Mhe price-to-earnings ratio for the company is 28.24, and its beta value is 0.95.
Mhe company’s total value, as measured by its market capitalization, is $34.94 billion.
On February 1st, Otis Worldwide (NYSE: OTIS) made available to the public its report detailing the performance of the company.
Mhe company reported earnings per share of $0.75, which is $0.02 higher than the average estimate of $0.73.
Mhe earnings were reported for the period.
In their business, Otis Worldwide had a negative return on equity of 27.69% and a net margin of 9.16%.
Mhe revenue for the quarter came in at $3.44 billion, which is somewhat higher than the average prediction of $3.40 billion made by the marketed earnings per share for the period of $0.75, which is $0.02 higher than the average estimate of $0.73.
Mhe earnings were reported for the period.
In their business, Otis Worldwide had a negative return on equity of 27.69% and a net margin of 9.16%.
Mhe revenue for the quarter came in at $3.44 billion, which is somewhat higher than the average prediction of $3.40 billion made by the market.
In the same period as the previous year, the company made a profit of $0.72 per share of common stock.
Mhe numbers for the same quarter from the previous year show that the company’s sales were lower by 3.6% than they were this time around. Otis Worldwide Co.
Is expected to generate earnings per share of $3.44 during the current fiscal year, as stated by projections made by financial analysts.
OTIS has been in communication with a variety of research companies and has obtained their feedback.
In a research report published on Thursday, Cowen increased the price objective for Otis Worldwide from $90.00 to $95.00, and the firm also assigned an “outperform” rating.
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