Otis Worldwide Corporation $OTIS Stock Position Increased by Financial Solutions Advisory Group Inc.

Key Points

• Financial Solutions Advisory Group increased its Otis Worldwide position by 242.1% in the third quarter to 21,083 shares valued at approximately $1.5 million. Institutional investors collectively own 88.03% of OTIS shares.
• Otis reported quarterly earnings of $1.05 per share and revenue of $3.91 billion, beating analyst estimates, with revenue up 6.1% year over year. However, operating-profit pressure in New Equipment and weakness in China remain concerns.
• Analyst views remain mixed: the stock has a consensus “Hold” rating and a $91.20 average price target, while individual targets range from $75 to $95.

Financial Solutions Advisory Group Inc. raised its holdings in shares of Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 242.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,083 shares of the company's stock after acquiring an additional 14,920 shares during the period. Financial Solutions Advisory Group Inc.'s holdings in Otis Worldwide were worth $1,504,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Veritas Asset Management LLP bought a new stake in Otis Worldwide during the second quarter worth approximately $7,565,000. Envestnet Asset Management Inc. lifted its position in Otis Worldwide by 36.8% in the second quarter. Envestnet Asset Management Inc. now owns 634,538 shares of the company's stock worth $45,433,000 after purchasing an additional 170,600 shares during the period. State Street Corp lifted its position in Otis Worldwide by 2.9% in the second quarter. State Street Corp now owns 16,664,994 shares of the company's stock worth $1,193,214,000 after purchasing an additional 463,491 shares during the period. National Pension Service boosted its stake in Otis Worldwide by 16.6% during the 2nd quarter. National Pension Service now owns 761,439 shares of the company's stock valued at $54,519,000 after purchasing an additional 108,638 shares in the last quarter. Finally, Banco Santander S.A. boosted its stake in Otis Worldwide by 1,153.2% during the 2nd quarter. Banco Santander S.A. now owns 106,257 shares of the company's stock valued at $7,608,000 after purchasing an additional 97,778 shares in the last quarter. Institutional investors and hedge funds own 88.03% of the company's stock.

Otis Worldwide Price Performance

OTIS stock opened at $74.69 on Friday. Otis Worldwide Corporation has a 12 month low of $63.58 and a 12 month high of $94.57. The firm has a market cap of $28.43 billion, a PE ratio of 18.58, a P/E/G ratio of 2.56 and a beta of 0.87. The firm has a 50 day simple moving average of $69.60 and a 200 day simple moving average of $76.50.

Otis Worldwide (NYSE:OTIS - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.85 billion. Otis Worldwide had a net margin of 10.28% and a negative return on equity of 28.45%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. As a group, sell-side analysts expect that Otis Worldwide Corporation will post 4.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on OTIS. Sanford C. Bernstein boosted their price objective on Otis Worldwide from $90.00 to $94.00 and gave the stock an "outperform" rating in a research note on Thursday. Evercore reaffirmed an "outperform" rating and set a $95.00 target price on shares of Otis Worldwide in a research note on Thursday, July 23rd. Wells Fargo & Company decreased their target price on Otis Worldwide from $77.00 to $75.00 and set an "underweight" rating for the company in a research note on Thursday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Finally, Morgan Stanley set a $75.00 target price on Otis Worldwide in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $91.20.

More Otis Worldwide News

Here are the key news stories impacting Otis Worldwide this week:

• Positive Sentiment: Otis reported third-quarter adjusted earnings of $1.05 per share and revenue of approximately $3.9 billion, exceeding analyst estimates. Revenue rose 6% year over year, led by an 8% increase in Service sales and a 10% rise in modernization orders. Otis Reports Third Quarter 2026 Results
• Positive Sentiment: Service operating margin improved 100 basis points sequentially to 24.2%, while the company broadly maintained its full-year 2026 outlook. Otis also reported $337 million in quarterly operating cash flow and $272 million in adjusted free cash flow.
• Positive Sentiment: The board declared a quarterly dividend of $0.44 per share, payable December 11, supporting the company’s shareholder-return appeal. Otis has returned approximately $1.3 billion to shareholders through dividends and share repurchases during the year. Otis Declares Quarterly Dividend
• Neutral Sentiment: BNP Paribas raised its price target to $90 from $86, indicating improved expectations, while Evercore ISI lowered its target to $95 from $100. The divergent revisions suggest analysts see upside but remain cautious about execution.
• Negative Sentiment: Adjusted operating profit declined $6 million despite higher sales, reflecting a margin squeeze in New Equipment. China weakness also offset some of the company’s growth, and full-year adjusted earnings guidance was not increased.
• Negative Sentiment: Wells Fargo lowered its price target to $75 from $77 and retained an “underweight” rating, leaving limited implied upside and highlighting continued concerns about profitability.

Otis Worldwide Company Profile

Otis Worldwide Corporation NYSE: OTIS is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.

Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.

The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.