Erste Asset Management GmbH Raises Stock Holdings in Otis Worldwide Corporation $OTIS

Key Points

• Erste Asset Management increased its Otis Worldwide holdings by 88.8% in the second quarter, bringing its position to 337,299 shares valued at approximately $24.5 million. Institutional investors and hedge funds collectively own 88.03% of the company.
• Analysts have lowered several future EPS estimates, although the FY2026 forecast of $4.04 remains close to the $4.02 consensus. Otis has a consensus rating of “Hold” and an average price target of $92.91.
• Otis reported quarterly EPS of $1.01 and revenue of $3.86 billion, with revenue rising 7.3% year over year. The company also announced a quarterly dividend of $0.44 per share, representing a 2.4% annualized yield.

Erste Asset Management GmbH raised its holdings in shares of Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 88.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 337,299 shares of the company's stock after purchasing an additional 158,623 shares during the quarter. Erste Asset Management GmbH owned 0.09% of Otis Worldwide worth $24,483,000 at the end of the most recent quarter.

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

Key Headlines Impacting Otis Worldwide

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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OTIS shares. Evercore reissued an "outperform" rating and set a $95.00 price objective on shares of Otis Worldwide in a report on Thursday, July 23rd. Sanford C. Bernstein decreased their target price 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 downgraded Otis Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, May 15th. Barclays reduced their price objective on Otis Worldwide from $80.00 to $77.00 and set an "underweight" rating on the stock in a research note on Thursday, April 23rd. Finally, Morgan Stanley set a $75.00 target price on shares of Otis Worldwide in a research note on Monday. 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $92.91.

Otis Worldwide Trading Down 1.2%

NYSE:OTIS opened at $73.06 on Friday. The stock has a 50 day moving average of $72.49 and a 200-day moving average of $78.26. The firm has a market capitalization of $27.81 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.60 and a beta of 0.89. 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 announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $1.05 EPS. 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, analysts predict that Otis Worldwide Corporation will post 4.03 EPS for the current fiscal year.

Otis Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be paid 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 (DPR) is presently 45.24%.

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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