Nykredit A S Takes $5.79 Million Position in Otis Worldwide Corporation $OTIS

Nykredit A/S has acquired a new position in Otis Worldwide Corporation, purchasing 80,937 shares valued at approximately $5.79 million during the second quarter. Other institutional investors have also adjusted their stakes in OTIS, which now has 88.03% institutional ownership. Despite recent earnings meeting expectations and reaffirmed guidance, the stock trades near its 52-week low, while analysts maintain a consensus "Hold" rating with an average price target of $92.91.