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.
事實上,有多個奧的斯全球公司(紐約證券交易所股票代碼:OTIS)內部人士在過去一年中拋售了相當數量的股票,這可能會讓投資者感到驚訝。在分析內幕交易時,通常更有價值的是知道內部人士是否在買入,而不是知道他們是否在賣出,因為後者發出了一個模稜兩可的信息。然而,如果許多內部人士在拋售,股東們應該進行更多調查。
雖然我們永遠不會建議投資者完全根據公司董事的所作所為做出決定,但按照邏輯,你應該關注內部人士是在買入還是賣出股票。
查看我們對奧的斯全球公司的最新分析
奧的斯全球公司最近12個月的內幕交易
在過去的12個月裏,內部人士最大的單筆出售是執行副總裁兼首席總法律顧問Nora LaFreniere以每股76.54美元的價格出售了價值86.7萬美元的股票。這意味着一位內部人士以略低於當前價格(79.75美元)的價格出售股票。當內部人士以低於當前價格的價格出售股票時,這表明他們認為較低的價格是公平的。這讓我們想知道他們對最近(較高的)估值有何看法。然而,請注意,賣家可能有各種各樣的理由出售,所以我們不能確切地知道他們對股價的看法。值得注意的是,這筆交易僅佔Nora LaFreniere所持股份的48%。
去年,奧的斯全球內部人士沒有購買任何公司股票。你可以在下面看到過去12個月(由公司和個人)進行的內幕交易的直觀描述。如果你想知道到底是誰賣了,賣了多少錢,什麼時候賣的,只需點擊下面的圖表!
紐約證券交易所:奧的斯內幕交易量2022年12月3日
如果你像我一樣,你會的不想懷念這一切嗎?免費內部人士正在收購的成長型公司名單。
奧的斯全球擁有高度的內部人所有權嗎?
我喜歡看內部人士在一家公司持有多少股份,以幫助我瞭解他們與內部人士的關係。我們通常希望看到相當高水平的內部人士持股。內部人士擁有奧的斯全球公司0.04%的股份,價值約1400萬美元。我們當然在其他地方看到了更高水平的內部人持股,但這些持股足以表明內部人和其他股東之間的關係。
那麼,這些數據對奧的斯全球內部人士有何啟示?
過去三個月沒有發生任何內幕交易--這並不意味着什麼。我們不會從奧的斯全球內部人士的交易中獲得太多鼓勵。但看到內部人士持有該公司的股份是件好事。因此,雖然瞭解內部人士在買入或賣出方面做了什麼是有幫助的,但瞭解一家特定公司面臨的風險也是有幫助的。為了幫助解決這個問題,我們發現2個警告標誌(%1可能很嚴重!)在購買奧的斯全球公司的任何股票之前,你應該意識到這一點。
如果你更願意看看另一家公司--一家財務狀況可能更好的公司--那麼不要錯過這一點免費列出了一些有趣的公司,這些公司擁有高股本回報率和低債務。
就本文而言,內部人是指向相關監管機構報告其交易的個人。我們目前負責公開市場交易和私人處置,但不包括衍生品交易。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。