Otis Worldwide Corporation $OTIS Shares Sold by Anchor Capital Advisors LLC

Posted by George Bondi on Jun 3rd, 2026

Anchor Capital Advisors LLC lowered its position in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 543,862 shares of the company’s stock after selling 18,135 shares during the quarter. Otis Worldwide comprises 1.4% of Anchor Capital Advisors LLC’s holdings, making the stock its 25th largest position. Anchor Capital Advisors LLC’s holdings in Otis Worldwide were worth $47,506,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OTIS. CIBC Private Wealth Group LLC raised its stake in Otis Worldwide by 54.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,890,482 shares of the company’s stock worth $264,277,000 after acquiring an additional 1,013,876 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Otis Worldwide by 12,345.2% in the fourth quarter. SG Americas Securities LLC now owns 499,177 shares of the company’s stock valued at $43,603,000 after acquiring an additional 495,166 shares during the period. Pinnacle Financial Partners Inc. boosted its holdings in shares of Otis Worldwide by 19.6% in the third quarter. Pinnacle Financial Partners Inc. now owns 77,492 shares of the company’s stock valued at $7,085,000 after acquiring an additional 12,721 shares during the period. Caprock Group LLC purchased a new position in shares of Otis Worldwide during the third quarter worth approximately $982,000. Finally, Canoe Financial LP increased its holdings in shares of Otis Worldwide by 15.6% in the 4th quarter. Canoe Financial LP now owns 2,787,870 shares of the company’s stock valued at $243,520,000 after acquiring an additional 375,914 shares during the period. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on OTIS shares. Wolfe Research downgraded shares of Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 8th. Morgan Stanley set a $88.00 target price on shares of Otis Worldwide in a research note on Friday, April 24th. Evercore began coverage on Otis Worldwide in a report on Monday, April 13th. They set an “outperform” rating and a $100.00 price target on the stock. Weiss Ratings cut Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, UBS Group set a $105.00 price objective on Otis Worldwide in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $97.64.

View Our Latest Stock Analysis on Otis Worldwide

Otis Worldwide Stock Up 1.3%

Shares of NYSE:OTIS opened at $70.23 on Wednesday. Otis Worldwide Corporation has a 52 week low of $69.16 and a 52 week high of $101.42. The company has a 50-day moving average price of $76.39 and a 200 day moving average price of $84.25. The company has a market cap of $26.95 billion, a P/E ratio of 18.68, a PEG ratio of 2.26 and a beta of 0.91.

Otis Worldwide (NYSE:OTIS – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business 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 business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Analysts expect that Otis Worldwide Corporation will post 4.2 EPS for the current year.

Otis Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 15th will be issued a dividend of $0.44 per share. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, May 15th. Otis Worldwide’s dividend payout ratio is currently 46.81%.

Otis Worldwide Company 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.