Otis Worldwide Corporation $OTIS Holdings Raised by Goldman Sachs Group Inc.

Posted by Stanley Muller on Jun 7th, 2026

Goldman Sachs Group Inc. grew its position in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,286,436 shares of the company’s stock after acquiring an additional 357,617 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.59% of Otis Worldwide worth $199,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Cookson Peirce & Co. Inc. increased its holdings in shares of Otis Worldwide by 1.8% in the 3rd quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company’s stock valued at $605,000 after acquiring an additional 115 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its stake in Otis Worldwide by 4.0% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company’s stock worth $281,000 after buying an additional 124 shares during the last quarter. Moors & Cabot Inc. grew its stake in Otis Worldwide by 2.7% during the 4th quarter. Moors & Cabot Inc. now owns 4,741 shares of the company’s stock worth $414,000 after buying an additional 126 shares during the last quarter. Composition Wealth LLC grew its stake in Otis Worldwide by 4.2% during the 4th quarter. Composition Wealth LLC now owns 3,258 shares of the company’s stock worth $285,000 after buying an additional 131 shares during the last quarter. Finally, Cary Street Partners Financial LLC grew its stake in Otis Worldwide by 2.6% during the 3rd quarter. Cary Street Partners Financial LLC now owns 5,165 shares of the company’s stock worth $472,000 after buying an additional 132 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors.

Otis Worldwide Stock Performance

Shares of OTIS stock opened at $70.41 on Friday. Otis Worldwide Corporation has a 1 year low of $69.16 and a 1 year high of $101.42. The stock has a fifty day moving average of $75.70 and a two-hundred day moving average of $83.73. The firm has a market capitalization of $27.02 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91.

Otis Worldwide (NYSE:OTIS – Get Free Report) last announced 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). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $0.92 EPS. The company’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 research analysts predict that Otis Worldwide Corporation will post 4.2 earnings per share for the current fiscal year.

Otis Worldwide Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Barclays lowered their price objective on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a research note on Thursday, April 23rd. Evercore assumed coverage on Otis Worldwide in a research note on Monday, April 13th. They set an “outperform” rating and a $100.00 price objective for the company. UBS Group set a $105.00 price objective on Otis Worldwide in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Otis Worldwide presently has an average rating of “Hold” and an average target price of $97.64.

Get Our Latest Stock Report on Otis Worldwide

About Otis Worldwide

(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.