Otis Worldwide Corporation $OTIS Stock Holdings Lifted by National Pension Service

Key Points

• National Pension Service increased its Otis Worldwide stake by 16.6% in the second quarter, bringing its holdings to 761,439 shares worth approximately $54.5 million. Institutional investors collectively own 88.03% of the company.
• Otis reported quarterly revenue of $3.86 billion, up 7.3% year over year and above analyst expectations, while earnings of $1.01 per share matched estimates. The company reaffirmed fiscal 2026 EPS guidance of $4.01–$4.05.
• The stock opened at $69.07, near its 12-month low, and pays a quarterly dividend of $0.44, yielding about 2.5%. Analysts have a consensus “Hold” rating with an average price target of $92.91.

National Pension Service lifted its stake in Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 16.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 761,439 shares of the company's stock after purchasing an additional 108,638 shares during the quarter. National Pension Service owned 0.20% of Otis Worldwide worth $54,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in shares of Otis Worldwide by 5.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,295 shares of the company's stock valued at $202,000 after acquiring an additional 123 shares in the last quarter. Moors & Cabot Inc. grew its position in Otis Worldwide by 2.7% during the 4th quarter. Moors & Cabot Inc. now owns 4,741 shares of the company's stock worth $414,000 after purchasing an additional 126 shares in the last quarter. Stephens Inc. AR raised its stake in Otis Worldwide by 2.6% during the 4th quarter. Stephens Inc. AR now owns 5,222 shares of the company's stock valued at $456,000 after purchasing an additional 132 shares during the period. Brooklyn Investment Group raised its stake in Otis Worldwide by 3.6% during the 4th quarter. Brooklyn Investment Group now owns 3,977 shares of the company's stock valued at $350,000 after purchasing an additional 139 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of Otis Worldwide by 2.4% in the third quarter. Ausdal Financial Partners Inc. now owns 6,091 shares of the company's stock valued at $557,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 88.03% of the company's stock.

Otis Worldwide Stock Up 1.7%

OTIS opened at $69.07 on Friday. Otis Worldwide Corporation has a 12-month low of $67.64 and a 12-month high of $94.57. The stock's 50 day moving average price is $72.10 and its two-hundred day moving average price is $75.57. The firm has a market capitalization of $26.29 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.43 and a beta of 0.88.

Otis Worldwide (NYSE:OTIS - Get Free Report) last posted its quarterly 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. 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 quarter in the prior year, the business posted $1.05 earnings per share. The company's quarterly revenue was up 7.3% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, analysts anticipate that Otis Worldwide Corporation will post 4.03 earnings per share for the current year.

Otis Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.5%. Otis Worldwide's payout ratio is 45.24%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein reduced their price objective on Otis Worldwide from $97.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a research report on Monday, August 10th. Royal Bank Of Canada set a $90.00 price target on shares of Otis Worldwide in a report on Tuesday, July 28th. Finally, Evercore restated an "outperform" rating and set a $95.00 price target on shares of Otis Worldwide in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $92.91.

Otis Worldwide Company 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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