Bryn Mawr Trust Advisors LLC Makes New Investment in Otis Worldwide Corporation $OTIS

Key Points

• Bryn Mawr Trust Advisors acquired 82,600 shares of Otis Worldwide in the second quarter, valued at approximately $5.9 million. Institutional investors collectively own 88.03% of the company.
• Otis reported quarterly EPS of $1.01, matching analyst expectations, while revenue rose 7.3% year over year to $3.86 billion. The company maintained fiscal 2026 EPS guidance of $4.01–$4.05.
• Shares recently traded near $72.61, and analysts hold a consensus “Hold” rating with an average price target of $92.91. Otis also declared a quarterly dividend of $0.44 per share, representing a 2.4% annualized yield.

Bryn Mawr Trust Advisors LLC acquired a new stake in Otis Worldwide Corporation (NYSE:OTIS - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 82,600 shares of the company's stock, valued at approximately $5,914,000.

A number of other institutional investors have also recently modified their holdings of OTIS. Camelot Portfolios LLC acquired a new stake in shares of Otis Worldwide during the 4th quarter worth $26,000. Garton & Associates Financial Advisors LLC bought a new stake in Otis Worldwide during the fourth quarter worth about $27,000. Elevation Wealth Partners LLC grew its stake in Otis Worldwide by 1,910.0% during the second quarter. Elevation Wealth Partners LLC now owns 402 shares of the company's stock worth $29,000 after buying an additional 382 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Otis Worldwide in the 4th quarter valued at about $33,000. Finally, Reflection Asset Management bought a new stake in shares of Otis Worldwide during the 4th quarter worth approximately $34,000. 88.03% of the stock is currently owned by institutional investors.

Otis Worldwide Trading Down 0.6%

Shares of OTIS stock opened at $72.61 on Friday. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.57 and a beta of 0.89. The business's 50-day moving average price is $72.54 and its 200-day moving average price is $78.22. Otis Worldwide Corporation has a 12 month low of $69.16 and a 12 month high of $94.57.

Otis Worldwide (NYSE:OTIS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business earned $1.05 EPS. The firm's quarterly 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. On average, sell-side analysts predict that Otis Worldwide Corporation will post 4.03 earnings per share 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. Investors of record on Friday, August 14th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, August 14th. Otis Worldwide's dividend payout ratio is presently 45.24%.

Analysts Set New Price Targets

OTIS has been the subject of several recent analyst reports. Sanford C. Bernstein dropped their price objective on Otis Worldwide from $97.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Otis Worldwide in a research note on Wednesday. Barclays dropped their target price on shares of Otis Worldwide from $80.00 to $77.00 and set an "underweight" rating for the company in a report on Thursday, April 23rd. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a report on Monday. Finally, Evercore reiterated an "outperform" rating and set a $95.00 price objective on shares of Otis Worldwide in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $92.91.

Trending Headlines about Otis Worldwide

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

• Positive Sentiment: Despite the cuts, Zacks Research still projects earnings growth from approximately $4.04 per share in fiscal 2026 to $4.41 in fiscal 2027 and $4.89 in fiscal 2028. The fiscal 2026 estimate is also slightly above the broader consensus of $4.03 per share. Otis Worldwide analyst estimates
• Neutral Sentiment: An MSN page provides updated analyst estimates and ratings for Otis Worldwide, but the supplied information does not specify individual analyst recommendations or price targets. Otis Worldwide stock: Analyst estimates and ratings
• Negative Sentiment: Zacks lowered its fiscal 2026 EPS forecast to $4.04 from $4.22, fiscal 2027 to $4.41 from $4.67, and fiscal 2028 to $4.89 from $5.23. These reductions point to weaker expected profitability than previously forecast.
• Negative Sentiment: Quarterly estimates were also reduced: Q3 2026 EPS fell to $1.01 from $1.14, Q4 2026 to $1.13 from $1.18, and Q1 2027 to $1.02 from $1.05. Additional cuts affected Q2 and Q3 2027, Q4 2027, and the first two quarters of 2028.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source