Otis Worldwide Corporation $OTIS is Canoe Financial LP’s 10th Largest Position

Posted by Brenda Bartman on Jun 29th, 2026

Canoe Financial LP lessened its holdings in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 12.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,450,336 shares of the company’s stock after selling 337,534 shares during the period. Otis Worldwide makes up 2.6% of Canoe Financial LP’s holdings, making the stock its 10th biggest holding. Canoe Financial LP’s holdings in Otis Worldwide were worth $188,872,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OTIS. Smartleaf Asset Management LLC increased its holdings in shares of Otis Worldwide by 5.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,295 shares of the company’s stock valued at $202,000 after acquiring an additional 123 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its stake in Otis Worldwide by 4.0% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company’s stock worth $281,000 after purchasing an additional 124 shares in the last quarter. Moors & Cabot Inc. grew its position 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 purchasing an additional 126 shares during the last quarter. Composition Wealth LLC grew its position 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 purchasing an additional 131 shares during the last quarter. Finally, Cary Street Partners Financial LLC increased 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 valued at $472,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Otis Worldwide Stock Up 0.2%

Shares of OTIS stock opened at $73.32 on Monday. Otis Worldwide Corporation has a 52-week low of $69.16 and a 52-week high of $101.42. The stock has a market cap of $28.13 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91. The business has a 50-day simple moving average of $73.67 and a 200-day simple moving average of $82.06.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its 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). The company 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 firm’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Sell-side analysts anticipate that Otis Worldwide Corporation will post 4.2 earnings per share for the current fiscal year.

Otis Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 15th were given a $0.44 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.76 annualized dividend and a yield of 2.4%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s payout ratio is currently 46.81%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OTIS. Wells Fargo & Company decreased their price target on shares of Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Morgan Stanley set a $88.00 target price on Otis Worldwide in a research report on Friday, April 24th. Barclays reduced their target price 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. UBS Group set a $105.00 price target on Otis Worldwide in a research report on Thursday, April 23rd. Finally, Wolfe Research downgraded Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 8th. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.58.

Check Out Our Latest Report on OTIS

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.