Janney Montgomery Scott LLC Increases Stock Holdings in Otis Worldwide Corporation $OTIS

Posted by Francis Steltz on Jul 4th, 2026

Janney Montgomery Scott LLC grew its stake in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 68.2% during the first quarter, Holdings Channel reports. The firm owned 102,204 shares of the company’s stock after purchasing an additional 41,430 shares during the period. Janney Montgomery Scott LLC’s holdings in Otis Worldwide were worth $7,878,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Otis Worldwide in the 4th quarter valued at $770,125,000. Millennium Management LLC raised its stake in Otis Worldwide by 1,047.0% during the 4th quarter. Millennium Management LLC now owns 2,387,466 shares of the company’s stock worth $208,545,000 after acquiring an additional 2,179,314 shares in the last quarter. Van ECK Associates Corp raised its stake in Otis Worldwide by 97.9% during the 4th quarter. Van ECK Associates Corp now owns 4,002,589 shares of the company’s stock worth $349,626,000 after acquiring an additional 1,979,819 shares in the last quarter. AQR Capital Management LLC raised its stake in Otis Worldwide by 125.7% during the 3rd quarter. AQR Capital Management LLC now owns 2,596,355 shares of the company’s stock worth $236,891,000 after acquiring an additional 1,445,904 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Otis Worldwide by 199.6% in the third quarter. Squarepoint Ops LLC now owns 2,030,095 shares of the company’s stock valued at $185,612,000 after acquiring an additional 1,352,530 shares during the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Otis Worldwide Price Performance

Shares of NYSE:OTIS opened at $73.08 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 market cap of $28.04 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.60 and a beta of 0.90. The firm has a fifty day moving average price of $72.90 and a 200 day moving average price of $81.56.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted 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). Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts expect that Otis Worldwide Corporation will post 4.19 EPS for the current fiscal year.

Otis Worldwide Increases Dividend

The business 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. The ex-dividend date was Friday, May 15th. This represents a $1.76 annualized dividend and a yield of 2.4%. Otis Worldwide’s payout ratio is presently 46.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group set a $105.00 price objective on shares of Otis Worldwide in a research note on Thursday, April 23rd. Wells Fargo & Company cut their target price on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Wolfe Research downgraded Otis Worldwide from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 8th. Morgan Stanley set a $88.00 target price on Otis Worldwide in a research report on Friday, April 24th. Finally, Weiss Ratings downgraded Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Otis Worldwide currently has an average rating of “Hold” and an average target price of $97.58.

Read Our Latest Analysis 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.