Marks Group Wealth Management Inc Invests $1.37 Million in Otis Worldwide Corporation $OTIS

Key Points

• Marks Group Wealth Management purchased 19,089 Otis Worldwide shares worth approximately $1.37 million during the second quarter. Institutional investors collectively own 88.03% of the company.
• Otis reported quarterly EPS of $1.01, in line with estimates, while revenue rose 7.3% year over year to $3.86 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.01–$4.05.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a $92.91 consensus price target; meanwhile, Zacks lowered its earnings estimates through fiscal 2028. Otis declared a quarterly dividend of $0.44 per share, yielding about 2.4% annually.

Marks Group Wealth Management Inc bought a new stake in shares of Otis Worldwide Corporation (NYSE:OTIS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,089 shares of the company's stock, valued at approximately $1,367,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Camelot Portfolios LLC purchased a new stake in Otis Worldwide in the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC bought a new stake in Otis Worldwide during the 4th quarter valued at approximately $27,000. Elevation Wealth Partners LLC grew its holdings in shares of 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. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Otis Worldwide during the 4th quarter worth approximately $33,000. Finally, Reflection Asset Management bought a new position in shares of Otis Worldwide in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.03% of the company's stock.

Otis Worldwide Stock Performance

Shares of OTIS opened at $73.06 on Friday. Otis Worldwide Corporation has a fifty-two week low of $69.16 and a fifty-two week high of $94.57. The firm's 50-day simple moving average is $72.49 and its two-hundred day simple moving average is $78.26. The stock has a market cap 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 (NYSE:OTIS - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business earned $1.05 earnings per share. 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. Equities research analysts predict that Otis Worldwide Corporation will post 4.03 EPS for the current 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 given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide's dividend payout ratio (DPR) is 45.24%.

Otis Worldwide News Summary

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.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OTIS shares. Barclays lowered their target price on Otis Worldwide from $80.00 to $77.00 and set an "underweight" rating for the company in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Otis Worldwide in a research note on Wednesday. UBS Group set a $105.00 price objective on Otis Worldwide in a report on Thursday, April 23rd. Royal Bank Of Canada set a $90.00 price objective on Otis Worldwide in a research report on Tuesday, July 28th. Finally, Morgan Stanley set a $75.00 target price on shares of Otis Worldwide in a report on Monday. Four investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $92.91.

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.

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