Sivia Capital Partners LLC Takes Position in Otis Worldwide Corporation $OTIS

Sivia Capital Partners LLC acquired a new stake in shares of Otis Worldwide Corporation (NYSE:OTIS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,863 shares of the company’s stock, valued at approximately $687,000.

Several other institutional investors have also modified their holdings of the business. Cookson Peirce & Co. Inc. lifted its holdings in shares of Otis Worldwide by 1.8% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company’s stock valued at $605,000 after purchasing an additional 115 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Otis Worldwide by 57.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 339 shares of the company’s stock valued at $31,000 after purchasing an additional 124 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Otis Worldwide by 4.0% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company’s stock valued at $281,000 after purchasing an additional 124 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Otis Worldwide by 2.7% during the 4th quarter. Moors & Cabot Inc. now owns 4,741 shares of the company’s stock valued at $414,000 after purchasing an additional 126 shares in the last quarter. Finally, Composition Wealth LLC lifted its holdings in shares of Otis Worldwide by 4.2% during the 4th quarter. Composition Wealth LLC now owns 3,258 shares of the company’s stock valued at $285,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

Otis Worldwide Stock Down 0.1%

NYSE:OTIS opened at $69.84 on Friday. The firm has a market capitalization of $26.80 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91. Otis Worldwide Corporation has a twelve month low of $69.16 and a twelve month high of $101.42. The stock’s 50 day moving average price is $75.86 and its two-hundred day moving average price is $83.82.

Otis Worldwide (NYSE:OTIS) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $3.57 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. As a group, analysts anticipate that Otis Worldwide Corporation will post 4.2 earnings per share for the current year.

Otis Worldwide Increases Dividend

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

Analyst Upgrades and Downgrades

OTIS has been the topic of several research reports. Wolfe Research cut Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 8th. Weiss Ratings cut Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Wells Fargo & Company cut their target price on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Evercore initiated coverage on Otis Worldwide in a research note on Monday, April 13th. They issued an “outperform” rating and a $100.00 target price on the stock. Finally, Royal Bank Of Canada cut their target price on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.64.

Otis Worldwide Company 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.