Western Wealth Management LLC Makes New $961,000 Investment in Otis Worldwide Corporation $OTIS

Western Wealth Management LLC acquired a new position in shares of Otis Worldwide Corporation (NYSE:OTIS) in the 1st quarter, HoldingsChannel reports. The fund acquired 12,471 shares of the company’s stock, valued at approximately $961,000.

A number of other hedge funds have also made changes to their positions in the business. Groupama Asset Managment lifted its stake in Otis Worldwide by 245.7% during the first quarter. Groupama Asset Managment now owns 9,848 shares of the company’s stock worth $759,000 after purchasing an additional 6,999 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Otis Worldwide in the first quarter valued at approximately $9,821,000. GKV Capital Management Co. Inc. acquired a new stake in Otis Worldwide during the first quarter worth approximately $173,000. Groupe la Francaise lifted its position in shares of Otis Worldwide by 12.1% during the 1st quarter. Groupe la Francaise now owns 60,411 shares of the company’s stock worth $4,656,000 after buying an additional 6,511 shares during the last quarter. Finally, Orographic Financial Advisors LLC purchased a new stake in shares of Otis Worldwide during the 1st quarter worth approximately $251,000. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Otis Worldwide Stock Performance

Shares of NYSE:OTIS opened at $73.06 on Friday. The company has a 50-day simple moving average of $72.49 and a 200-day simple moving average of $78.26. Otis Worldwide Corporation has a one year low of $69.16 and a one year high of $94.57. The stock has a market capitalization of $27.81 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.60 and a beta of 0.89.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the company posted $1.05 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, research analysts forecast that Otis Worldwide Corporation will post 4.03 EPS for the current fiscal year.

Otis Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s dividend payout ratio (DPR) is presently 45.24%.

Otis Worldwide News Roundup

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

• Negative Sentiment: Zacks cut its FY2026 EPS estimate to $4.04 from $4.22, FY2027 to $4.41 from $4.67, and FY2028 to $4.89 from $5.23. The reductions lower the projected earnings trajectory for Otis and may pressure valuation.
• Negative Sentiment: Quarterly estimates were also reduced: Q1 2027 EPS fell to $1.02 from $1.05, Q2 2027 to $1.12 from $1.16, Q3 2027 to $1.12 from $1.21, Q4 2027 to $1.15 from $1.24, Q1 2028 to $1.12 from $1.19, and Q2 2028 to $1.26 from $1.31.
• Neutral Sentiment: The revised FY2026 forecast of $4.04 remains close to the broader consensus estimate of $4.02, limiting the immediate significance of the cut but indicating little earnings upside relative to current expectations.

Analyst Ratings Changes

OTIS has been the subject of several research analyst reports. Morgan Stanley set a $75.00 target price on shares of Otis Worldwide in a report on Monday. Barclays reduced their price target on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a research report on Thursday, April 23rd. Sanford C. Bernstein decreased their price objective on shares of Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, Evercore reiterated an “outperform” rating and set a $95.00 target price on shares of Otis Worldwide in a research report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.91.

About Otis Worldwide

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.