Otis Worldwide’s Asia Pacific president Stephane de Montlivault sells $701k in stock

Published 11/03/2025, 22:10
Otis Worldwide’s Asia Pacific president Stephane de Montlivault sells $701k in stock

Stephane de Montlivault, President of Otis Asia Pacific, recently sold shares of Otis Worldwide Corp (NYSE:OTIS) amounting to approximately $701,286. The transactions occurred on March 10, 2025, with the stock sold at prices ranging from $105.2499 to $105.3389 per share. The sale took place near the stock’s 52-week high of $106.83, with Otis currently commanding a market capitalization of $40.2 billion and trading at a P/E ratio of 24.8.

In addition to the sales, de Montlivault exercised stock appreciation rights (SARs) to acquire 16,250 shares of common stock at a price of $81.85 per share, valued at $1,330,062. Following these transactions, de Montlivault’s direct ownership in Otis Worldwide stands at 63,931 shares.

These transactions were filed with the SEC as part of the ongoing disclosure requirements for corporate insiders.

In other recent news, Otis Worldwide Corporation released its fourth-quarter 2024 earnings, reporting an earnings per share (EPS) of $0.93, which was slightly below the analyst forecast of $0.95. However, the company surpassed revenue expectations, achieving $3.68 billion compared to the anticipated $3.67 billion. Otis also highlighted a significant milestone, achieving its highest quarterly adjusted free cash flow since its spin-off, amounting to $682 million. The company has been active in product development, introducing new elevator and escalator products in key markets, with a particular focus on transforming its operations in China. In terms of shareholder returns, Otis distributed $1.6 billion through dividends and share repurchases over the full year. Analysts have noted that the global new equipment market is expected to decline, posing potential challenges for Otis, particularly in China, where a 10% market decline is projected. Despite these challenges, Otis has laid out plans to repurchase $800 million in shares in 2025, reflecting confidence in its long-term strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.