Otis Worldwide Corporation $OTIS Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in shares of Otis Worldwide Corporation (NYSE:OTISFree Report) by 244.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,504 shares of the company’s stock after purchasing an additional 67,804 shares during the period. WINTON GROUP Ltd’s holdings in Otis Worldwide were worth $8,342,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Stance Capital LLC acquired a new position in shares of Otis Worldwide during the 3rd quarter worth approximately $27,000. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide during the 4th quarter worth approximately $26,000. Westside Investment Management Inc. grew its stake in Otis Worldwide by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 336 shares of the company’s stock worth $31,000 after acquiring an additional 168 shares during the period. Elevation Wealth Partners LLC purchased a new stake in Otis Worldwide in the 4th quarter worth approximately $32,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Otis Worldwide in the 4th quarter worth approximately $33,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley set a $88.00 target price on shares of Otis Worldwide in a research note on Friday, April 24th. UBS Group set a $105.00 target price on shares of Otis Worldwide in a research note on Thursday, April 23rd. Wells Fargo & Company lowered their target price on shares of Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Wolfe Research cut shares of Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada lowered their target price on shares of Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.64.

Read Our Latest Research Report on Otis Worldwide

Otis Worldwide Stock Performance

OTIS stock opened at $70.41 on Friday. Otis Worldwide Corporation has a one year low of $69.16 and a one year high of $101.42. The company has a 50 day moving average price of $75.70 and a two-hundred day moving average price of $83.73. The stock has a market capitalization of $27.02 billion, a P/E ratio of 18.73, a PEG ratio of 2.28 and a beta of 0.91.

Otis Worldwide (NYSE:OTISGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Research analysts forecast that Otis Worldwide Corporation will post 4.2 earnings per share for the current fiscal year.

Otis Worldwide Increases Dividend

The company also recently disclosed 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, May 15th. This is a positive change from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s 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.

Further Reading

Institutional Ownership by Quarter for Otis Worldwide (NYSE:OTIS)

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