Entropy Technologies LP Increases Stake in Otis Worldwide Corporation $OTIS

Entropy Technologies LP grew its position in shares of Otis Worldwide Corporation (NYSE:OTIS) by 215.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 84,667 shares of the company’s stock after buying an additional 57,837 shares during the period. Entropy Technologies LP’s holdings in Otis Worldwide were worth $7,396,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Camelot Portfolios LLC purchased a new position in Otis Worldwide during the 4th quarter worth $26,000. Stance Capital LLC purchased a new position in Otis Worldwide during the 3rd quarter worth $27,000. Elevation Wealth Partners LLC purchased a new position in Otis Worldwide during the 4th quarter worth $32,000. Kohmann Bosshard Financial Services LLC purchased a new position in Otis Worldwide during the 4th quarter worth $33,000. Finally, Board of the Pension Protection Fund purchased a new position in Otis Worldwide during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Sanford C. Bernstein initiated coverage on shares of Otis Worldwide in a research note on Tuesday. They set an “outperform” rating and a $97.00 price target on the stock. Barclays lowered their price target on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating on the stock in a research note on Thursday, April 23rd. Wells Fargo & Company lowered their price target on shares of 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. Finally, Wolfe Research cut shares of Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.58.

Otis Worldwide Stock Up 0.9%

NYSE:OTIS opened at $70.77 on Friday. Otis Worldwide Corporation has a fifty-two week low of $69.16 and a fifty-two week high of $101.42. The stock has a market cap of $27.16 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91. The firm’s fifty day simple moving average is $75.04 and its 200-day simple moving average is $83.13.

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 analysts’ consensus estimates of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s dividend payout ratio is currently 46.81%.

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.