B. Metzler seel. Sohn & Co. AG Acquires New Holdings in Otis Worldwide Corporation $OTIS

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 42,218 shares of Otis Worldwide in the second quarter, valued at approximately $3.02 million. Institutional investors collectively own 88.03% of the company.
• Otis reported quarterly revenue of $3.86 billion, up 7.3% year over year, while earnings of $1.01 per share matched analysts’ expectations. The company reaffirmed fiscal 2026 earnings guidance of $4.01–$4.05 per share.
• Otis announced a quarterly dividend of $0.44 per share, equal to a 2.5% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $92.91, versus a recent share price of $71.65.

B. Metzler seel. Sohn & Co. AG acquired a new position in Otis Worldwide Corporation (NYSE:OTIS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,218 shares of the company's stock, valued at approximately $3,023,000.

Several other large investors have also recently bought and sold shares of OTIS. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide during the 4th quarter valued at $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Otis Worldwide in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Otis Worldwide in the fourth quarter valued at $33,000. Reflection Asset Management bought a new position in Otis Worldwide during the fourth quarter valued at about $34,000. Finally, MidFirst Bank acquired a new position in Otis Worldwide during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 88.03% of the company's stock.

Otis Worldwide Trading Down 0.2%

OTIS stock opened at $71.65 on Friday. Otis Worldwide Corporation has a one year low of $69.16 and a one year high of $94.57. The firm has a 50-day moving average of $72.64 and a two-hundred day moving average of $77.62. The firm has a market capitalization of $27.28 billion, a PE ratio of 18.42, a P/E/G ratio of 2.52 and a beta of 0.89.

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

Otis Worldwide Announces Dividend

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

Analysts Set New Price Targets

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

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.

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