First Trust Advisors LP Purchases 80,364 Shares of Otis Worldwide Corporation $OTIS

Posted by Stanley Muller on Jul 28th, 2026

First Trust Advisors LP increased its position in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 16.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 573,249 shares of the company’s stock after acquiring an additional 80,364 shares during the quarter. First Trust Advisors LP’s holdings in Otis Worldwide were worth $44,186,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OTIS. Camelot Portfolios LLC bought a new stake in Otis Worldwide during the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in Otis Worldwide in the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Otis Worldwide during the fourth quarter valued at $33,000. Reflection Asset Management bought a new position in shares of Otis Worldwide during the fourth quarter valued at $34,000. Finally, MidFirst Bank acquired a new position in shares of Otis Worldwide during the fourth quarter worth $35,000. Institutional investors own 88.03% of the company’s stock.

Otis Worldwide Stock Performance

Otis Worldwide stock opened at $73.25 on Tuesday. The firm has a market cap of $28.11 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.58 and a beta of 0.90. Otis Worldwide Corporation has a 52-week low of $69.16 and a 52-week high of $94.57. The firm has a 50 day moving average price of $71.99 and a two-hundred day moving average price of $79.79.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, equities research analysts predict that Otis Worldwide Corporation will post 4 EPS for the current fiscal year.

Otis Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be issued a $0.44 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.76 annualized dividend and a yield of 2.4%. Otis Worldwide’s payout ratio is presently 45.24%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in 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 on the stock in a research note on Wednesday, April 1st. Barclays lowered their target price on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a research report on Thursday, April 23rd. UBS Group set a $105.00 target price on Otis Worldwide in a report on Thursday, April 23rd. Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Wolfe Research lowered Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.45.

Get Our Latest Stock 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.