Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $291,000 Holdings in Otis Worldwide Corporation $OTIS

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors cut its stake in Otis by 83.2%, selling 15,934 shares and leaving 3,214 shares worth about $291,000 at quarter-end.
• Otis reported Q1 net sales up ~6% with Service up 11%, strong cash flow and roughly $400M in buybacks and a 5% dividend raise to $0.44, but Q1 EPS missed at $0.89 (vs. $0.91) and revenue (~$3.57B) trailed some estimates.
• Insiders sold ~158,013 shares (~$14.3M) in the past three months; analysts are mixed with an average rating of Hold and a mean price target near $99.18, while institutional investors own about 88% of the stock.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in shares of Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 83.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,214 shares of the company's stock after selling 15,934 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Otis Worldwide were worth $291,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Oakworth Capital Inc. lifted its holdings in Otis Worldwide by 49.1% during the 3rd quarter. Oakworth Capital Inc. now owns 343 shares of the company's stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in Otis Worldwide by 1.8% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company's stock valued at $605,000 after purchasing an additional 115 shares during the last quarter. OLD National Bancorp IN lifted its holdings in Otis Worldwide by 5.5% during the 3rd quarter. OLD National Bancorp IN now owns 2,245 shares of the company's stock valued at $205,000 after purchasing an additional 118 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in Otis Worldwide by 57.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 339 shares of the company's stock valued at $31,000 after purchasing an additional 124 shares during the last quarter. Finally, Cary Street Partners Financial LLC lifted its holdings in Otis Worldwide by 2.6% during the 3rd quarter. Cary Street Partners Financial LLC now owns 5,165 shares of the company's stock valued at $472,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company's stock.

Key Otis Worldwide News

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

• Positive Sentiment: Service-led revenue and cash returns: Q1 net sales rose ~6% with Service up 11% (repair +16%), modernization orders and backlog grew strongly; operating cash flow was $413M, adjusted free cash flow $272M, and Otis repurchased about $400M of stock. The company also raised its quarterly dividend 5% to $0.44. OTIS REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Management commentary lifted the sales outlook / investor expectations on top-line strength, which helped sentiment despite mixed margin news. Otis tops revenue view, lifts sales outlook as shares rise
• Neutral Sentiment: FY‑2026 guidance: Otis set EPS guidance of $4.20–4.24 (roughly in line with consensus) and revenue guidance around $15.1–15.3B — guidance is not materially above consensus, so it stabilizes expectations but is not a catalyst by itself. Q1 Slide Deck / Press Release
• Negative Sentiment: EPS and revenue miss: Q1 EPS of $0.89 missed the $0.91 consensus and reported revenue of ~$3.57B was below some analyst estimates; margins were pressured by higher labor and material costs. Otis Worldwide Q1 Earnings Fall Short of Estimates, Sales Beat
• Negative Sentiment: Geopolitical and tariff risks: Management flagged tariff impacts and shipment delays related to Middle East conflict, which could pressure near-term margins and delivery timelines. Elevator maker Otis flags tariff hit, shipment delays amid Middle East conflict
• Negative Sentiment: Analyst revision: RBC lowered its price target from $110 to $105 while keeping an Outperform rating — a modest negative signal for near-term upside expectations despite the still-elevated target vs. current levels. RBC lowers price target on Otis

Otis Worldwide Trading Up 2.2%

Shares of NYSE OTIS opened at $79.57 on Friday. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.48 and a beta of 1.05. Otis Worldwide Corporation has a 12 month low of $75.27 and a 12 month high of $101.42. The stock has a 50-day moving average price of $83.73 and a two-hundred day moving average price of $87.37.

Otis Worldwide (NYSE:OTIS - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. On average, sell-side analysts predict that Otis Worldwide Corporation will post 4.06 earnings per share for the current year.

Otis Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Otis Worldwide's previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 2.2%. Otis Worldwide's payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

OTIS has been the subject of several research reports. Evercore initiated coverage on Otis Worldwide in a report on Monday, April 13th. They set an "outperform" rating and a $100.00 price target for the company. Wall Street Zen downgraded Otis Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Barclays cut their price target on Otis Worldwide from $80.00 to $77.00 and set an "underweight" rating for the company in a report on Thursday. Wolfe Research downgraded Otis Worldwide from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Otis Worldwide in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Otis Worldwide currently has an average rating of "Hold" and an average price target of $99.18.

Insider Transactions at Otis Worldwide

In other news, EVP Neil Green sold 6,000 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $86.45, for a total transaction of $518,700.00. Following the sale, the executive vice president directly owned 3,773 shares in the company, valued at approximately $326,175.85. The trade was a 61.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Michael Patrick Ryan sold 1,182 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $90.06, for a total value of $106,450.92. Following the sale, the chief accounting officer owned 3,504 shares in the company, valued at approximately $315,570.24. This trade represents a 25.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 158,013 shares of company stock valued at $14,337,635. 0.23% of the stock is currently owned by company insiders.

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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