Two signals today, one for TROW and one for OTIS.
Reduce: T. Rowe Price Group Inc.
Based on our trading systems, we reduced our holdings in T. Rowe Price Group Inc. (TROW) at an average price per share of USD 122.46. With unit costs of USD 74.47 this represents a gain of 64.44%.
We started this position in 2016. TROW is a dividend aristocrat and therefore belongs to a group of companies that - as a group - are a great base investment.
Reduce: Otis Worldwide Corporation
Our trading system created a sell signal for Otis Worldwidw Corporation (OTIS) at USD 57.41. We reduced our position accordingly. With average unit costs of USD 45.35 this means a gain of 26.59%. This is a great result as we started this position only at the beginning of April 2020 when OTIS was spun off from Raytheon Technologies (RTX).
As with TROW, OTIS is a sound base investment as they count as dividend aristocrat, too. The dividend history of RTX (formerly United Technologies, UTX) is considered for determining that status.
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