Otis Worldwide Corporation $OTIS Shares Acquired by Banco Santander S.A.

Key Points

• Banco Santander increased its Otis Worldwide stake by 1,153.2% in the second quarter, acquiring 97,778 additional shares for a total holding worth approximately $7.6 million. Institutional investors collectively own 88.03% of OTIS.
• Otis reported quarterly EPS of $1.01, matching estimates, while revenue rose 7.3% year over year to $3.86 billion and exceeded forecasts. The company reaffirmed fiscal 2026 EPS guidance of $4.01–$4.05.
• Analysts have lowered earnings estimates, although the consensus rating remains “Hold” with an average price target of $92.91. Otis also declared a $0.44 quarterly dividend, equivalent to a 2.4% annual yield.

Banco Santander S.A. lifted its stake in shares of Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 1,153.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,257 shares of the company's stock after purchasing an additional 97,778 shares during the period. Banco Santander S.A.'s holdings in Otis Worldwide were worth $7,608,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in OTIS. Smartleaf Asset Management LLC boosted its position in Otis Worldwide by 5.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,295 shares of the company's stock valued at $202,000 after purchasing an additional 123 shares during the period. Boyd Watterson Asset Management LLC OH grew its position in Otis Worldwide by 4.0% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company's stock valued at $281,000 after buying an additional 124 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Otis Worldwide by 2.7% during the fourth quarter. Moors & Cabot Inc. now owns 4,741 shares of the company's stock valued at $414,000 after acquiring an additional 126 shares during the period. Composition Wealth LLC increased its position in shares of Otis Worldwide by 4.2% during the 4th quarter. Composition Wealth LLC now owns 3,258 shares of the company's stock valued at $285,000 after purchasing an additional 131 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of Otis Worldwide by 2.6% in the 4th quarter. Stephens Inc. AR now owns 5,222 shares of the company's stock worth $456,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 88.03% of the company's stock.

More Otis Worldwide News

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.

Otis Worldwide Stock Performance

Shares of OTIS opened at $73.06 on Friday. The business's fifty day moving average price is $72.49 and its two-hundred day moving average price is $78.26. The firm has a market capitalization of $27.81 billion, a price-to-earnings ratio of 18.78, a PEG 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 issued its quarterly 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. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, research analysts forecast that Otis Worldwide Corporation will post 4.03 EPS for the current year.

Otis Worldwide Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. Otis Worldwide's dividend payout ratio (DPR) is presently 45.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a report on Tuesday, July 28th. UBS Group set a $105.00 price objective on Otis Worldwide in a research report on Thursday, April 23rd. Sanford C. Bernstein reduced 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. Morgan Stanley set a $75.00 price objective on Otis Worldwide in a report on Monday. Finally, Evercore restated an "outperform" rating and set a $95.00 price target 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Otis Worldwide has a consensus rating of "Hold" and a consensus price target of $92.91.

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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