Otis Worldwide Corporation $OTIS Stock Holdings Lessened by Pacer Advisors Inc.

Posted by Geri Gentry on Jun 24th, 2026

Pacer Advisors Inc. lessened its stake in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,254 shares of the company’s stock after selling 8,408 shares during the period. Pacer Advisors Inc.’s holdings in Otis Worldwide were worth $2,730,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of OTIS. Virtu Financial LLC acquired a new position in shares of Otis Worldwide in the 4th quarter worth $890,000. MV Capital Management Inc. acquired a new position in shares of Otis Worldwide in the 4th quarter valued at $79,000. Cambient Family Office LLC acquired a new position in shares of Otis Worldwide in the 4th quarter valued at $2,721,000. Wick Capital Partners LLC purchased a new position in Otis Worldwide in the 4th quarter worth about $161,000. Finally, Vancity Investment Management Ltd raised its holdings in Otis Worldwide by 24.4% during the 4th quarter. Vancity Investment Management Ltd now owns 5,044 shares of the company’s stock worth $441,000 after buying an additional 990 shares during the period. 88.03% of the stock is owned by institutional investors.

Otis Worldwide Trading Down 0.8%

Shares of Otis Worldwide stock opened at $71.88 on Wednesday. The stock has a 50-day moving average price of $74.17 and a 200 day moving average price of $82.34. The company has a market cap of $27.58 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.36 and a beta of 0.91. Otis Worldwide Corporation has a 1 year low of $69.16 and a 1 year high of $101.42.

Otis Worldwide (NYSE:OTIS – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share 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 analysts’ expectations of $3.77 billion. Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. This is an increase from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, May 15th. Otis Worldwide’s dividend payout ratio is presently 46.81%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company reduced their price objective 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. Royal Bank Of Canada dropped their target price on shares of Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Sanford C. Bernstein started coverage on shares of Otis Worldwide in a report on Tuesday, June 9th. They set an “outperform” rating and a $97.00 price target on the stock. Weiss Ratings lowered shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Finally, Evercore started coverage on shares of Otis Worldwide in a research report on Monday, April 13th. They set an “outperform” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Otis Worldwide presently has a consensus rating of “Hold” and an average target price of $97.58.

View Our Latest Stock Analysis on Otis Worldwide

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.

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

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