Nykredit A S Takes $5.79 Million Position in Otis Worldwide Corporation $OTIS

Key Points

• Nykredit A/S acquired 80,937 Otis Worldwide shares in the second quarter, valued at approximately $5.79 million. Institutional investors collectively own 88.03% of OTIS.
• 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 EPS guidance of $4.01–$4.05.
• OTIS shares opened at $66.73, near their 52-week low, while analysts maintain a consensus “Hold” rating and an average price target of $92.91. The company also pays a quarterly dividend of $0.44 per share, yielding approximately 2.6%.

Nykredit A S purchased a new position in shares of Otis Worldwide Corporation (NYSE:OTIS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 80,937 shares of the company's stock, valued at approximately $5,795,000.

Several other large investors have also added to or reduced their stakes in OTIS. Capital Research Global Investors grew its stake in Otis Worldwide by 0.6% in the 4th quarter. Capital Research Global Investors now owns 2,843,926 shares of the company's stock worth $248,417,000 after buying an additional 18,189 shares in the last quarter. Banco Santander S.A. raised its stake in shares of Otis Worldwide by 1,153.2% during the second quarter. Banco Santander S.A. now owns 106,257 shares of the company's stock valued at $7,608,000 after acquiring an additional 97,778 shares during the last quarter. Man Group plc purchased a new position in shares of Otis Worldwide during the second quarter valued at approximately $105,635,000. Alberta Investment Management Corp raised its stake in Otis Worldwide by 44.1% in the fourth quarter. Alberta Investment Management Corp now owns 170,600 shares of the company's stock worth $14,902,000 after buying an additional 52,200 shares in the last quarter. Finally, Markel Group Inc. lifted its stake in shares of Otis Worldwide by 16.6% in the 2nd quarter. Markel Group Inc. now owns 133,620 shares of the company's stock valued at $9,567,000 after purchasing an additional 19,000 shares during the period. Institutional investors own 88.03% of the company's stock.

Otis Worldwide Price Performance

Shares of NYSE:OTIS opened at $66.73 on Tuesday. The company has a market capitalization of $25.40 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.41 and a beta of 0.88. The firm's 50 day simple moving average is $71.59 and its two-hundred day simple moving average is $74.50. Otis Worldwide Corporation has a 1-year low of $66.57 and a 1-year high of $94.57.

Otis Worldwide (NYSE:OTIS - Get Free Report) last issued 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 negative return on equity of 28.50% and a net margin of 10.17%.The company 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 company 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 anticipate that Otis Worldwide Corporation will post 4.03 earnings per share for the current fiscal year.

Otis Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 14th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.6%. Otis Worldwide's payout ratio is currently 45.24%.

Analysts Set New Price Targets

OTIS has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Otis Worldwide in a research report on Wednesday, August 12th. Evercore reissued an "outperform" rating and set a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Sanford C. Bernstein restated an "outperform" rating on shares of Otis Worldwide in a report on Monday. Morgan Stanley set a $75.00 price target on Otis Worldwide in a research report on Monday, August 10th. Finally, Royal Bank Of Canada set a $90.00 price objective on Otis Worldwide in a research report on Tuesday, July 28th. 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $92.91.

Otis Worldwide Profile

Otis Worldwide Corporation NYSE: OTIS designs, manufactures, installs and services elevators, escalators and moving walkways. Its equipment is used in residential, commercial, institutional, transportation and industrial buildings, supporting the movement of people in high-rise and other densely occupied environments.

The company's offerings include passenger and freight elevators, escalators, moving walkways, destination-dispatch systems and related technologies. Otis also provides maintenance, repair, modernization and replacement services for its own equipment and products made by other manufacturers.

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