Otis Worldwide Corp $ 65.53 0.59 (0.91%)
Otis Worldwide Corp News and Headlines -
Raytheon Co. and United Technologies Corp. faced many doubters ahead of their merger. From its announcement in June 2019, the deal faced pushback from investors. The companies forged ahead regardless, officially forming Raytheon Technologies Corp. (RTX) in April 2020.
In the months since the merger, however, analysts and investors have largely changed their tune. Indeed, Raytheon Technologies seems to have captured Wall Street's interest. Analysts have showered the company with upgrades and buy ratings in recent months.
Expectations are clearly running high for Raytheon Technologies in 2021, but can the freshly restructured aerospace giant deliver the
The fund trimmed its position in Broadcom Inc. (AVGO) by 22.48%. The trade had an impact of -1% on the portfolio.
The company has a market cap of $154.31 billion and an enterprise value of $189.61 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 9.42% and return on assets of 3.27% are
The FPA Crescent Fund operates under First Pacific Advisors (Trades, Portfolio) and is managed by Romick, Brian A. Selmo and Mark Landecker. The fund's objective is to seek returns with less risk than the market while avoiding permanent loss of capital. Its strategy combines deep research with a focus on strong fundamentals, attractive risk-reward and diversification across geographies, market caps, sectors and capital structure.
The fund made one new buy for the
Raytheon Technologies Corporation (RTX) recently reported earnings results for the second quarter of 2020. This was the first quarter following the Carrier (CARR) and Otis (OTIS) spinoffs and the merger of Raytheon and United Technologies to form Raytheon Technologies. Raytheon Technologies now consists of Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.
I've stated in previous articles that the aerospace and defense sector remains among my favorite places to invest due to higher spending on defense in both the U.S. and abroad. In this article, we will look at the recent quarter and valuation
Chris Davis (Trades, Portfolio)' Davis Selected Advisers manages a $17.29 billion equity portfolio composed of 119 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter of 2020.
The fund trimmed its position in Otis Worldwide Corp. (OTIS) by 99.67%. The trade had an impact of -1.43% on the portfolio.
The company has a market cap of $27.72 billion and an enterprise value of $27.36 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The
The FPA Crescent Fund operates under First Pacific Advisors (Trades, Portfolio) and is managed by Steven Romick (Trades, Portfolio), Brian A. Selmo and Mark Landecker. The fund’s objective is to seek returns with less risk than the market while avoiding permanent loss of capital. Its strategy combines deep research with a focus on strong fundamentals, attractive risk/reward and diversification across geographies, market caps, sectors and capital structure.
Some spinoffs can unlock the true value of businesses by allowing them to focus on their niches better than being part of a bulkier multi-faceted corporation allows. On the other hand, some spinoffs are made by the parent companies to shed dead weight, help get rid of legal liabilities or satisfy regulatory requirements in order to be cleared for a merger or acquisition. A spinoff is certainly no guarantee of success or failure in and of itself, as a lot depends on why the spinoff was made and whether its collection of assets and operations works well together.
|2021-01-13 $ 63.97 (-1.93%)|
|2021-01-12 $ 65.23 (-1.7%)|
$OTIS - Why I Will Never Sell Otis. Why I Will Never Sell Otis - seekingalpha.com
|2020-11-11 $ 65.74 (3.53%)|
|2020-10-28 $ 58.99 (-4.81%)|
|2020-10-26 $ 63.21 (-0.38%)|
|2020-09-24 $ 62.08 (2.76%)|
|2020-09-16 $ 60.3 (0.52%)|
|2020-08-18 $ 63.45 (-0.8%)|
|2020-08-17 $ 63.96 (-0.17%)|
Davis Selected Advisers Cuts Otis, Oracle - GuruFocus.com
|2020-08-14 $ 64.07 (0.11%)|
|2020-08-05 $ 63.09 (0.77%)|
|2020-07-14 $ 57.37 (0.84%)|
|2020-07-06 $ 56.86 (0.64%)|
|2020-06-23 $ 56.8 (-0.46%)|
Patrick (PATK) Up 148% in 3 Months: What's Behind the Rally? - www.zacks.com
|2020-06-16 $ 57.85 (0.31%)|
Major Indexes Post Best Intraday Rebound in 3 Months: 5 Picks - www.zacks.com
|2020-06-08 $ 61.26 (4.59%)|
May Unemployment Falls: 5 Housing Picks With Solid Prospects - www.zacks.com
Is Otis Stock a Buy Now? - www.fool.com
|2020-05-20 $ 53.18 (1.66%)|
Fluor-BWX JV Wins $13B Hanford Site Tank Closure Contract - www.zacks.com
|2020-05-19 $ 52.31 (0.35%)|
Miscellaneous Building Products Industry Prospects Look Bleak - www.zacks.com
|2020-05-08 $ 51.81 (7.24%)|
|2020-05-07 $ 51.81 (7.24%)|
|2020-05-06 $ 48.31 (0.46%)|
Construction Stock Q1 Earnings Due on May 7: OTIS, AAON & More - www.zacks.com
|2020-04-24 $ 47.85 (0.8%)|