The fact that multiple Otis Worldwide Corporation (NYSE:OTIS) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, if numerous insiders are selling, shareholders should investigate more.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Otis Worldwide
The Last 12 Months Of Insider Transactions At Otis Worldwide
In the last twelve months, the biggest single sale by an insider was when the Executive VP & Chief General Counsel, Nora LaFreniere, sold US$867k worth of shares at a price of US$76.54 per share. That means that an insider was selling shares at slightly below the current price (US$79.75). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 48% of Nora LaFreniere's holding.
In the last year Otis Worldwide insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:OTIS Insider Trading Volume December 3rd 2022
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Otis Worldwide Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.04% of Otis Worldwide shares, worth about US$14m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Otis Worldwide Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. We don't take much encouragement from the transactions by Otis Worldwide insiders. But it's good to see that insiders own shares in the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 2 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in Otis Worldwide.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
事实上,有多个奥的斯全球公司(纽约证券交易所股票代码:OTIS)内部人士在过去一年中抛售了相当数量的股票,这可能会让投资者感到惊讶。在分析内幕交易时,通常更有价值的是知道内部人士是否在买入,而不是知道他们是否在卖出,因为后者发出了一个模棱两可的信息。然而,如果许多内部人士在抛售,股东们应该进行更多调查。
虽然我们永远不会建议投资者完全根据公司董事的所作所为做出决定,但按照逻辑,你应该关注内部人士是在买入还是卖出股票。
查看我们对奥的斯全球公司的最新分析
奥的斯全球公司最近12个月的内幕交易
在过去的12个月里,内部人士最大的单笔出售是执行副总裁兼首席总法律顾问Nora LaFreniere以每股76.54美元的价格出售了价值86.7万美元的股票。这意味着一位内部人士以略低于当前价格(79.75美元)的价格出售股票。当内部人士以低于当前价格的价格出售股票时,这表明他们认为较低的价格是公平的。这让我们想知道他们对最近(较高的)估值有何看法。然而,请注意,卖家可能有各种各样的理由出售,所以我们不能确切地知道他们对股价的看法。值得注意的是,这笔交易仅占Nora LaFreniere所持股份的48%。
去年,奥的斯全球内部人士没有购买任何公司股票。你可以在下面看到过去12个月(由公司和个人)进行的内幕交易的直观描述。如果你想知道到底是谁卖了,卖了多少钱,什么时候卖的,只需点击下面的图表!
纽约证券交易所:奥的斯内幕交易量2022年12月3日
如果你像我一样,你会的不想怀念这一切吗?免费内部人士正在收购的成长型公司名单。
奥的斯全球拥有高度的内部人所有权吗?
我喜欢看内部人士在一家公司持有多少股份,以帮助我了解他们与内部人士的关系。我们通常希望看到相当高水平的内部人士持股。内部人士拥有奥的斯全球公司0.04%的股份,价值约1400万美元。我们当然在其他地方看到了更高水平的内部人持股,但这些持股足以表明内部人和其他股东之间的关系。
那么,这些数据对奥的斯全球内部人士有何启示?
过去三个月没有发生任何内幕交易--这并不意味着什么。我们不会从奥的斯全球内部人士的交易中获得太多鼓励。但看到内部人士持有该公司的股份是件好事。因此,虽然了解内部人士在买入或卖出方面做了什么是有帮助的,但了解一家特定公司面临的风险也是有帮助的。为了帮助解决这个问题,我们发现2个警告标志(%1可能很严重!)在购买奥的斯全球公司的任何股票之前,你应该意识到这一点。
如果你更愿意看看另一家公司--一家财务状况可能更好的公司--那么不要错过这一点免费列出了一些有趣的公司,这些公司拥有高股本回报率和低债务。
就本文而言,内部人是指向相关监管机构报告其交易的个人。我们目前负责公开市场交易和私人处置,但不包括衍生品交易。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。