Otis Worldwide Corporation $OTIS Shares Bought by Danske Bank A S

Key Points

• Danske Bank A S increased its position in Otis by 13.3% in Q4, owning 225,994 shares after adding 26,500 shares, valued at about $19.74 million.
• Company insiders have been net sellers, offloading 158,013 shares worth $14.34 million over the past three months, leaving insiders with only 0.23% ownership.
• Otis missed quarterly estimates (EPS $0.89 vs. $0.91 expected; revenue $3.57B vs. $3.77B expected), set FY2026 guidance of $4.20–$4.24 EPS, and raised its quarterly dividend to $0.44 (annualized $1.76, ~2.3% yield).

Danske Bank A S raised its stake in Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,994 shares of the company's stock after acquiring an additional 26,500 shares during the period. Danske Bank A S owned 0.06% of Otis Worldwide worth $19,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new stake in shares of Otis Worldwide during the fourth quarter worth about $230,000. DMKC Advisory Services LLC boosted its stake in shares of Otis Worldwide by 19.0% during the fourth quarter. DMKC Advisory Services LLC now owns 27,949 shares of the company's stock worth $2,441,000 after buying an additional 4,470 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Otis Worldwide during the fourth quarter worth about $33,000. Ares Financial Consulting LLC purchased a new stake in shares of Otis Worldwide during the fourth quarter worth approximately $143,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Otis Worldwide by 9.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 462,228 shares of the company's stock worth $40,380,000 after purchasing an additional 39,828 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company's stock.

Insider Activity

In related news, CAO Michael Patrick Ryan sold 1,182 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $90.06, for a total value of $106,450.92. Following the completion of the sale, the chief accounting officer owned 3,504 shares in the company, valued at $315,570.24. This trade represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Montlivault Stephane De sold 47,944 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $92.25, for a total transaction of $4,422,834.00. Following the completion of the transaction, the insider directly owned 29,176 shares of the company's stock, valued at approximately $2,691,486. This trade represents a 62.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,013 shares of company stock worth $14,337,635 in the last three months. 0.23% of the stock is currently owned by company insiders.

Otis Worldwide Stock Down 1.0%

Shares of NYSE:OTIS opened at $77.11 on Friday. The company has a market cap of $29.59 billion, a P/E ratio of 20.51, a PEG ratio of 2.53 and a beta of 0.95. Otis Worldwide Corporation has a 52 week low of $75.27 and a 52 week high of $101.42. The company has a 50-day moving average price of $82.33 and a 200 day moving average price of $86.91.

Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.02). The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.77 billion. Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. Otis Worldwide's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Analysts expect that Otis Worldwide Corporation will post 4.18 EPS for the current year.

Otis Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 15th will be given a $0.44 dividend. The ex-dividend date is Friday, May 15th. This is an increase from Otis Worldwide's previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 2.3%. Otis Worldwide's payout ratio is 44.68%.

Wall Street Analyst Weigh In

Several research firms have recently commented on OTIS. Barclays cut their price target 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 restated a "hold (c)" rating on shares of Otis Worldwide in a research note on Friday, March 27th. Wolfe Research cut Otis Worldwide from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 8th. Wall Street Zen cut Otis Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, Royal Bank Of Canada cut their price target on Otis Worldwide from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $97.64.

Otis Worldwide 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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