USS Investment Management Ltd Acquires 65,250 Shares of Otis Worldwide Corporation $OTIS

Posted by Stanley Muller on Jul 1st, 2026

USS Investment Management Ltd grew its holdings in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 3.8% during the 1st quarter, Holdings Channel reports. The fund owned 1,767,235 shares of the company’s stock after buying an additional 65,250 shares during the period. USS Investment Management Ltd’s holdings in Otis Worldwide were worth $136,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Camelot Portfolios LLC purchased a new position in Otis Worldwide during the fourth quarter valued at $26,000. Stance Capital LLC purchased a new stake in Otis Worldwide in the third quarter worth about $27,000. Garton & Associates Financial Advisors LLC purchased a new stake in Otis Worldwide in the fourth quarter worth about $27,000. Elevation Wealth Partners LLC bought a new position in shares of Otis Worldwide in the fourth quarter worth about $32,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Otis Worldwide in the fourth quarter worth about $33,000. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Otis Worldwide Trading Down 1.9%

Shares of OTIS opened at $71.52 on Wednesday. The business’s 50 day moving average is $73.32 and its 200 day moving average is $81.85. Otis Worldwide Corporation has a 12-month low of $69.16 and a 12-month high of $101.42. The company has a market capitalization of $27.44 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.4% compared to the same quarter last year. 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. Equities research analysts predict that Otis Worldwide Corporation will post 4.2 earnings per share for the current year.

Otis Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 15th were given a $0.44 dividend. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, May 15th. Otis Worldwide’s dividend payout ratio (DPR) is presently 46.81%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OTIS. Sanford C. Bernstein initiated coverage on Otis Worldwide in a research note on Tuesday, June 9th. They set an “outperform” rating and a $97.00 price objective for the company. Weiss Ratings cut shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. UBS Group set a $105.00 price target on shares of Otis Worldwide in a report on Thursday, April 23rd. Wells Fargo & Company dropped 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 research report on Wednesday, April 1st. Finally, Wolfe Research downgraded shares of Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $97.58.

Read Our Latest Report on Otis Worldwide

Otis Worldwide 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.