Geode Capital Management LLC Boosts Holdings in Otis Worldwide Corporation $OTIS

Posted by Brenda Bartman on May 30th, 2026

Geode Capital Management LLC raised its stake in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,788,225 shares of the company’s stock after purchasing an additional 29,636 shares during the period. Geode Capital Management LLC owned 2.77% of Otis Worldwide worth $945,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide during the fourth quarter valued at approximately $26,000. Stance Capital LLC acquired a new position in shares of Otis Worldwide during the third quarter valued at approximately $27,000. Oakworth Capital Inc. raised its holdings in shares of Otis Worldwide by 49.1% during the third quarter. Oakworth Capital Inc. now owns 343 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Otis Worldwide by 57.7% during the third quarter. Physician Wealth Advisors Inc. now owns 339 shares of the company’s stock valued at $31,000 after acquiring an additional 124 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings 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 valued at $31,000 after acquiring an additional 168 shares during the last quarter. 88.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on OTIS shares. JPMorgan Chase & Co. cut Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 target price for the company. in a report on Friday, January 30th. New Street Research set a $98.00 target price on shares of Otis Worldwide in a report on Friday, January 30th. Barclays dropped their target price on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday, April 23rd. UBS Group set a $105.00 target price on shares of Otis Worldwide in a report on Thursday, April 23rd. Finally, Evercore began coverage on shares of Otis Worldwide in a report on Monday, April 13th. They set an “outperform” rating and a $100.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $97.64.

Get Our Latest Stock Report on OTIS

Otis Worldwide Stock Down 0.4%

NYSE OTIS opened at $70.92 on Friday. Otis Worldwide Corporation has a 52 week low of $69.72 and a 52 week high of $101.42. The business’s fifty day simple moving average is $76.61 and its 200-day simple moving average is $84.44. The firm has a market cap of $27.21 billion, a PE ratio of 18.86, a P/E/G ratio of 2.32 and a beta of 0.95.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Research analysts expect that Otis Worldwide Corporation will post 4.2 EPS for the current year.

Otis Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, May 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.5%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s payout ratio is presently 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.