Otis Worldwide Corporation $OTIS Shares Sold by Brown Shipley& Co Ltd

Key Points

• Brown Shipley & Co. cut its Otis Worldwide stake by 62.2% in the third quarter, selling 19,037 shares and retaining 11,548 shares valued at approximately $743,000. Institutional investors and hedge funds collectively own 88.03% of OTIS.
• Otis shares rose 0.2% to $66.25, near the lower end of their 52-week range of $63.58 to $94.57. The company reported quarterly revenue of $3.86 billion, up 7.3% year over year, and reaffirmed fiscal 2026 EPS guidance of $4.01–$4.05.
• Otis declared a quarterly dividend of $0.44 per share, equivalent to an annualized $1.76 dividend and a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $91.00.

Brown Shipley& Co Ltd lowered its stake in Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 62.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,548 shares of the company's stock after selling 19,037 shares during the quarter. Brown Shipley& Co Ltd's holdings in Otis Worldwide were worth $743,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of OTIS. GAMMA Investing LLC raised its holdings in Otis Worldwide by 76.7% in the 3rd quarter. GAMMA Investing LLC now owns 9,511 shares of the company's stock worth $612,000 after purchasing an additional 4,129 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Otis Worldwide by 45.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,402 shares of the company's stock worth $540,000 after purchasing an additional 2,622 shares during the period. Valeo Financial Advisors LLC raised its stake in Otis Worldwide by 94.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 8,479 shares of the company's stock worth $545,000 after acquiring an additional 4,122 shares during the period. Elevation Wealth Partners LLC lifted its position in shares of Otis Worldwide by 70.6% in the third quarter. Elevation Wealth Partners LLC now owns 686 shares of the company's stock valued at $44,000 after acquiring an additional 284 shares in the last quarter. Finally, Cooper Financial Group raised its position in shares of Otis Worldwide by 11.9% during the third quarter. Cooper Financial Group now owns 9,762 shares of the company's stock valued at $628,000 after buying an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company's stock.

Otis Worldwide Trading Up 0.2%

Shares of Otis Worldwide stock traded up $0.14 during trading hours on Friday, reaching $66.25. The stock had a trading volume of 1,356,324 shares, compared to its average volume of 3,864,304. Otis Worldwide Corporation has a twelve month low of $63.58 and a twelve month high of $94.57. The stock's 50 day moving average is $69.88 and its 200 day moving average is $72.80. The firm has a market capitalization of $25.22 billion, a PE ratio of 17.02, a PEG ratio of 2.30 and a beta of 0.87.

Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, sell-side analysts predict that Otis Worldwide Corporation will post 4.04 earnings per share for the current year.

Otis Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 14th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.7%. Otis Worldwide's dividend payout ratio is 45.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Sanford C. Bernstein reiterated an "outperform" rating on shares of Otis Worldwide in a research report on Monday, September 21st. Weiss Ratings restated a "hold (c-)" rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Royal Bank Of Canada set a $90.00 price objective on Otis Worldwide in a research note on Tuesday, July 28th. Evercore reiterated an "outperform" rating and set a $95.00 price objective on shares of Otis Worldwide in a research report on Thursday, July 23rd. Finally, Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Otis Worldwide has a consensus rating of "Hold" and an average price target of $91.00.

Otis Worldwide Profile

Otis Worldwide Corporation NYSE: OTIS is a global manufacturer and service provider focused on elevator and escalator systems. The company designs, manufactures, installs and maintains elevators, escalators and moving walkways for commercial buildings, residential properties, transportation hubs and other infrastructure.

Its offerings include passenger and freight elevators, escalators, moving walkways, digital monitoring solutions and related components. Otis also provides ongoing maintenance, repair, modernization and replacement services, which support the performance and safety of equipment throughout its operating life.

The company traces its origins to 1853, when Elisha Graves Otis demonstrated a safety elevator that helped make taller buildings practical.

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