PNC Financial Services Group Inc. Sells 18,893 Shares of Otis Worldwide Corporation $OTIS

Posted by Stanley Muller on May 23rd, 2026

PNC Financial Services Group Inc. lowered its position in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 352,100 shares of the company’s stock after selling 18,893 shares during the period. PNC Financial Services Group Inc. owned 0.09% of Otis Worldwide worth $30,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Otis Worldwide during the third quarter worth approximately $26,000. Stance Capital LLC bought a new position in shares of Otis Worldwide during the third quarter worth approximately $27,000. Camelot Portfolios LLC bought a new position in shares of Otis Worldwide during the fourth quarter worth approximately $26,000. Rakuten Investment Management Inc. bought a new position in shares of Otis Worldwide during the third quarter worth approximately $31,000. Finally, Westside Investment Management Inc. increased its stake in shares of Otis Worldwide by 100.0% during the third quarter. Westside Investment Management Inc. now owns 336 shares of the company’s stock worth $31,000 after purchasing an additional 168 shares during the period. Institutional investors own 88.03% of the company’s stock.

Analyst Upgrades and Downgrades

OTIS has been the topic of a number of recent research reports. Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Wells Fargo & Company lowered their target price on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. UBS Group set a $105.00 price target on Otis Worldwide in a research report on Thursday, April 23rd. Royal Bank Of Canada reduced their price target on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Finally, Barclays reduced their price target on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating on the stock in a research report on Thursday, April 23rd. Three research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.64.

View Our Latest Analysis on Otis Worldwide

Otis Worldwide Price Performance

Shares of NYSE:OTIS opened at $72.79 on Friday. The company has a market capitalization of $27.93 billion, a P/E ratio of 19.36, a P/E/G ratio of 2.34 and a beta of 0.95. Otis Worldwide Corporation has a 1 year low of $69.72 and a 1 year high of $101.42. The business’s 50 day simple moving average is $77.66 and its 200 day simple moving average is $85.10.

Otis Worldwide (NYSE:OTIS – Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. On average, sell-side analysts anticipate that Otis Worldwide Corporation will post 4.19 EPS for the current fiscal year.

Otis Worldwide Increases Dividend

The firm 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 of this dividend is Friday, May 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s dividend payout ratio (DPR) is 46.81%.

Otis Worldwide Profile

(Free Report)

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.