Insider Sale by Otter Tail VP
On August 10 2026, Paul L. Knutson, Vice President of Human Resources at Otter Tail Corp (NASDAQ:OTTR), sold 250 shares of the company’s common stock at $92.84 per share. The following day, August 11 2026, he sold an additional 475 shares at $94.63 per share, resulting in total proceeds of $68,159. Both transactions were executed from his direct holdings. After these disposals, Knutson retained 20,770 shares, which comprise shares obtained through dividend reinvestment, participation in the Employee Stock Purchase Plan, and various restricted stock and performance share awards.
Market Context
At the time of the sales, Otter Tail’s shares were trading near their 52‑week high of $95.09 and were up 17 % year‑to‑date. InvestingPro’s analysis cited a price‑to‑earnings multiple of 20.07, suggesting the stock may be overvalued. The company has a 56‑year consecutive dividend payment record, currently yielding 2.49 %.
Recent Quarterly Performance
Otter Tail reported second‑quarter results that beat Wall Street expectations. Adjusted diluted earnings were $1.66 per share, exceeding the consensus estimate of $1.51. Quarterly revenue reached $334.38 million, above the forecasted $326.12 million. The beat was driven by record sales volumes in PVC pipes and continued growth in the utility segment. However, profit declined year‑over‑year because of a material antitrust settlement charge.
Additional Information
Investors can access a comprehensive Pro Research Report covering Otter Tail, one of more than 1,400 U.S. equities analyzed.