Otis Worldwide insiders have sold $4.8m of stock in the past year, possibly signaling caution. The largest insider sale was by the President of Otis Asia Pacific, Stephane de Montlivault, for $1.7m worth of shares at $97.14 per share. While no insiders have bought shares, the president owns $32m worth of shares, representing 0.09% of the company.
Otis Worldwide Corporation (NYSE:OTIS) insiders have sold $4.8 million worth of shares over the past year, a move that could signal caution among top management. The largest insider sale was by Stephane de Montlivault, President of Otis Asia Pacific, who sold $1.7 million worth of shares at $97.14 per share. Notably, no insiders have bought shares during this period, with de Montlivault still owning $32 million worth of shares, representing 0.09% of the company's total shares [1].
This significant insider selling comes amidst mixed second-quarter results for Otis Worldwide. The company reported a decline in organic new equipment sales, particularly in China, where sales fell by over 20%. This was attributed to economic weakness and project delays [2]. Despite this, Otis Worldwide raised its 2025 sales guidance, expecting net sales growth of 1% to 2% [3].
Institutional investors, however, seem to have a different perspective. HB Wealth Management LLC increased its holdings in Otis Worldwide by 25.3% during the first quarter, buying an additional 4,106 shares [4]. This indicates that while insiders are cautious, institutional investors remain bullish on the company's long-term prospects.
The stock has been under pressure recently, with a 4.58% decrease in its share price over the last quarter. However, strong analyst consensus and technical indicators suggest that the stock might be ripe for a trend reversal [5].
References:
[1] https://finance.yahoo.com/quote/OTIS/news/
[2] https://www.marketbeat.com/instant-alerts/filing-hb-wealth-management-llc-has-210-million-stock-holdings-in-otis-worldwide-corporation-nyseotis-2025-07-29/
[3] https://finance.yahoo.com/quote/OTIS/news/
[4] https://finance.yahoo.com/quote/OTIS/news/
[5] https://finance.yahoo.com/quote/OTIS/news/
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