Rep. Kevin Hern Sells Off Otis Worldwide Corporation (NYSE:OTIS) Shares

Key Points

• Rep. Kevin Hern sold between $1,001 and $15,000 of Otis Worldwide shares on August 10 from his HERN FAMILY REVOCABLE TRUST account. He also recently disclosed sales of several other stocks, including Home Depot, Procter & Gamble and Microsoft.
• Otis Worldwide shares opened at $70.86, near the lower end of their 52-week range. The company reported quarterly revenue of $3.86 billion, up 7.3% year over year, and reaffirmed fiscal 2026 EPS guidance of $4.01 to $4.05.
• Otis declared a quarterly dividend of $0.44, equal to an annualized $1.76 and a 2.5% yield. Analysts’ average rating is “Hold”, with an average price target of $92.91.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Otis Worldwide Corporation NYSE: OTIS. In a filing disclosed on September 01st, the Representative disclosed that they had sold between $1,001 and $15,000 in Otis Worldwide stock on August 10th. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Home Depot NYSE: HD on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Procter & Gamble NYSE: PG on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 8/21/2026.
• Sold $15,001 - $50,000 in shares of Honeywell Aerospace NASDAQ: HONA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 8/18/2026.

Otis Worldwide Stock Up 0.4%

Shares of OTIS opened at $70.86 on Thursday. The firm has a market capitalization of $26.97 billion, a PE ratio of 18.21, a P/E/G ratio of 2.49 and a beta of 0.88. The firm has a 50-day moving average price of $72.45 and a 200 day moving average price of $76.53. Otis Worldwide Corporation has a 52-week low of $69.16 and a 52-week high of $94.57.

Otis Worldwide (NYSE:OTIS - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, hitting analysts' consensus estimates of $1.01. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. Otis Worldwide's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, equities analysts expect that Otis Worldwide Corporation will post 4.03 EPS for the current year.

Otis Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, August 14th. Otis Worldwide's dividend payout ratio is currently 45.24%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Sanford C. Bernstein dropped their target price on Otis Worldwide from $97.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Morgan Stanley set a $75.00 price target on Otis Worldwide in a research report on Monday, August 10th. Royal Bank Of Canada set a $90.00 price objective on Otis Worldwide in a research note on Tuesday, July 28th. Finally, Evercore restated an "outperform" rating and issued a $95.00 price objective on shares of Otis Worldwide in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Otis Worldwide currently has an average rating of "Hold" and an average price target of $92.91.

Institutional Trading of Otis Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new stake in shares of Otis Worldwide in the second quarter worth $27,000. Garton & Associates Financial Advisors LLC acquired a new position in Otis Worldwide during the fourth quarter valued at $27,000. MidFirst Bank purchased a new stake in Otis Worldwide in the 2nd quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Otis Worldwide in the 2nd quarter worth about $28,000. Finally, Elevation Wealth Partners LLC boosted its position in Otis Worldwide by 1,910.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 402 shares of the company's stock worth $29,000 after acquiring an additional 382 shares during the period. 88.03% of the stock is owned by institutional investors and hedge funds.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.

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