Engineers Gate Manager LP Trims Stock Position in Otis Worldwide Corporation $OTIS
MarketBeat
Engineers Gate Manager LP significantly reduced its stake in Otis Worldwide Corporation (NYSE:OTIS) by 81.0% in the second quarter, selling 225,574 shares and holding 52,894 shares valued at $3.787 million. Despite this, other institutional investors like California State Teachers Retirement System and BlackRock Inc. made substantial new or increased investments in Otis Worldwide. The company also announced a quarterly dividend of $0.44 per share, contributing to a 2.5% annualized yield.
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