Otis Worldwide Corporation $OTIS Shares Sold by DNB Asset Management AS

DNB Asset Management AS cut its position in shares of Otis Worldwide Corporation (NYSE:OTIS) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,563 shares of the company’s stock after selling 7,516 shares during the quarter. DNB Asset Management AS’s holdings in Otis Worldwide were worth $12,366,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allied Investment Advisors LLC raised its holdings in Otis Worldwide by 6.0% in the 3rd quarter. Allied Investment Advisors LLC now owns 118,761 shares of the company’s stock valued at $10,858,000 after acquiring an additional 6,770 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Otis Worldwide by 54.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,890,482 shares of the company’s stock valued at $264,277,000 after acquiring an additional 1,013,876 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Otis Worldwide by 12,345.2% in the 4th quarter. SG Americas Securities LLC now owns 499,177 shares of the company’s stock worth $43,603,000 after buying an additional 495,166 shares in the last quarter. Pinnacle Financial Partners Inc. raised its holdings in shares of Otis Worldwide by 19.6% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 77,492 shares of the company’s stock worth $7,085,000 after buying an additional 12,721 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Otis Worldwide in the 3rd quarter worth approximately $982,000. 88.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OTIS. Weiss Ratings cut Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. New Street Research set a $98.00 target price on Otis Worldwide in a report on Friday, January 30th. Wells Fargo & Company dropped their target price on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. UBS Group set a $105.00 target price on Otis Worldwide in a report on Thursday, April 23rd. Finally, Barclays dropped their target price on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Otis Worldwide has an average rating of “Hold” and a consensus target price of $97.64.

Otis Worldwide News Roundup

Here are the key news stories impacting Otis Worldwide this week:

• Positive Sentiment: Zacks Research nudged up its Q3 2026 EPS estimate to $1.14 from $1.13 and its Q4 2026 estimate to $1.18 from $1.17, signaling slightly better near-term earnings expectations.
• Positive Sentiment: Even with some forecast cuts, Zacks still sees Otis earning above the current consensus for FY2026 at $4.22 per share versus $4.18 expected by analysts overall.
• Neutral Sentiment: Market commentary focused on whether Wall Street analysts like Otis Worldwide stock and whether options traders are signaling a move, but no major company-specific operational update was included in these headlines. Do Wall Street analysts like Otis Worldwide stock?
• Negative Sentiment: Zacks Research lowered FY2026 EPS to $4.22 from $4.29 and FY2027 EPS to $4.67 from $4.81, implying softer profitability expectations over the next couple of years.
• Negative Sentiment: The firm also cut estimates for Q2 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q4 2027, and FY2028, which reinforces the cautious tone around Otis Worldwide’s earnings outlook.

Otis Worldwide Price Performance

NYSE OTIS opened at $71.13 on Monday. The firm has a market cap of $27.29 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. Otis Worldwide Corporation has a one year low of $70.65 and a one year high of $101.42. The stock’s 50 day simple moving average is $79.27 and its 200 day simple moving average is $85.78.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.77 billion. Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. As a group, equities analysts expect that Otis Worldwide Corporation will post 4.19 earnings per share for the current year.

Otis Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 15th will be given a dividend of $0.44 per share. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, May 15th. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. Otis Worldwide’s dividend payout ratio is currently 46.81%.

Otis Worldwide Profile

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.