313 Shares in Otis Worldwide Corporation $OTIS Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC bought a new stake in Otis Worldwide Corporation (NYSE:OTIS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 313 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors also recently added to or reduced their stakes in OTIS. GAMMA Investing LLC grew its stake in shares of Otis Worldwide by 18.8% in the first quarter. GAMMA Investing LLC now owns 7,953 shares of the company’s stock worth $821,000 after acquiring an additional 1,260 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Otis Worldwide by 1.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,673 shares of the company’s stock valued at $3,269,000 after purchasing an additional 371 shares during the period. Bessemer Group Inc. grew its position in Otis Worldwide by 1.9% in the 1st quarter. Bessemer Group Inc. now owns 14,465 shares of the company’s stock worth $1,494,000 after purchasing an additional 273 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Otis Worldwide by 318.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,555 shares of the company’s stock worth $161,000 after purchasing an additional 1,183 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of Otis Worldwide by 7.8% during the first quarter. Sequoia Financial Advisors LLC now owns 9,936 shares of the company’s stock valued at $1,025,000 after buying an additional 719 shares during the last quarter. 88.03% of the stock is owned by institutional investors.

Otis Worldwide Trading Down 1.1%

OTIS stock opened at $91.91 on Monday. Otis Worldwide Corporation has a 1-year low of $84.25 and a 1-year high of $106.83. The business’s 50 day moving average is $89.37 and its 200-day moving average is $93.17. The firm has a market cap of $36.07 billion, a P/E ratio of 24.31, a P/E/G ratio of 3.61 and a beta of 1.00.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Otis Worldwide from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price objective on Otis Worldwide from $105.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Otis Worldwide in a research report on Saturday. Deutsche Bank Aktiengesellschaft began coverage on Otis Worldwide in a research note on Monday, July 14th. They issued a “hold” rating and a $109.00 target price for the company. Finally, Morgan Stanley lifted their price target on shares of Otis Worldwide from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $104.63.

About Otis Worldwide

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.