Varma Mutual Pension Insurance Co Purchases 22,400 Shares of Otis Worldwide Corporation $OTIS

Key Points

• Varma Mutual Pension Insurance Co increased its stake in Otis by 17.5%, buying 22,400 shares to hold 150,642 shares valued at about $13.16 million.
• Company insiders sold a total of 152,013 shares in the past 90 days — including CEO Judith Fran Marks (56,107 shares) and Montlivault Stephane De (47,944 shares) — reducing insider ownership to roughly 0.14%.
• Otis missed quarterly expectations (EPS $0.89 vs. $0.91; revenue $3.57B vs. $3.77B), set FY2026 guidance of $4.20–$4.24 EPS, carries a consensus analyst rating of Hold (target $97.64), and raised its quarterly dividend to $0.44 (annualized $1.76, ~2.3% yield).

Varma Mutual Pension Insurance Co grew its position in Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,642 shares of the company's stock after acquiring an additional 22,400 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in Otis Worldwide were worth $13,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in OTIS. Oakworth Capital Inc. increased its position in shares of Otis Worldwide by 49.1% during the 3rd quarter. Oakworth Capital Inc. now owns 343 shares of the company's stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Cookson Peirce & Co. Inc. increased its position in shares of Otis Worldwide by 1.8% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company's stock valued at $605,000 after purchasing an additional 115 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Otis Worldwide by 57.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 339 shares of the company's stock valued at $31,000 after purchasing an additional 124 shares during the last quarter. 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 last quarter. Finally, Cary Street Partners Financial LLC increased its position in shares of Otis Worldwide by 2.6% during the 3rd quarter. Cary Street Partners Financial LLC now owns 5,165 shares of the company's stock valued at $472,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 88.03% of the company's stock.

Insiders Place Their Bets

In other Otis Worldwide news, CEO Judith Fran Marks sold 56,107 shares of the company's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $90.89, for a total value of $5,099,565.23. Following the completion of the sale, the chief executive officer directly owned 231,072 shares in the company, valued at approximately $21,002,134.08. This represents a 19.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Montlivault Stephane De sold 47,944 shares of the company's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $92.25, for a total value of $4,422,834.00. Following the completion of the sale, the insider owned 29,176 shares of the company's stock, valued at $2,691,486. This represents a 62.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 152,013 shares of company stock worth $13,818,935. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OTIS. Wolfe Research downgraded Otis Worldwide from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 8th. Barclays dropped their price objective on Otis Worldwide from $80.00 to $77.00 and set an "underweight" rating for the company in a report on Thursday, April 23rd. Wall Street Zen cut Otis Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Weiss Ratings restated a "hold (c)" rating on shares of Otis Worldwide in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. cut Otis Worldwide from an "overweight" rating to a "neutral" rating and set a $98.00 price objective for the company. in a report on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $97.64.

Otis Worldwide Stock Down 1.5%

OTIS opened at $75.91 on Tuesday. The business has a fifty day moving average of $82.33 and a 200 day moving average of $86.88. Otis Worldwide Corporation has a 52-week low of $75.27 and a 52-week high of $101.42. The stock has a market cap of $29.13 billion, a P/E ratio of 20.19, a PEG ratio of 2.53 and a beta of 0.95.

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

Otis Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 15th will be issued a $0.44 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.3%. This is a positive change from Otis Worldwide's previous quarterly dividend of $0.42. Otis Worldwide's dividend payout ratio (DPR) is currently 44.68%.

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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