Danske Bank A S Acquires Shares of 232,894 Otis Worldwide Corporation $OTIS

Posted by Stanley Muller on Aug 21st, 2026

Danske Bank A S bought a new stake in Otis Worldwide Corporation (NYSE:OTIS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 232,894 shares of the company’s stock, valued at approximately $16,675,000. Danske Bank A S owned 0.06% of Otis Worldwide as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Financial Partners Inc. raised its stake in Otis Worldwide by 19.6% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 77,492 shares of the company’s stock valued at $7,085,000 after purchasing an additional 12,721 shares during the last quarter. Capital Research Global Investors boosted its stake in Otis Worldwide by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,843,926 shares of the company’s stock worth $248,417,000 after purchasing an additional 18,189 shares during the last quarter. Lazard Freres Gestion S.A.S. boosted its stake in Otis Worldwide by 21.9% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 1,309,160 shares of the company’s stock worth $114,355,000 after purchasing an additional 235,316 shares during the last quarter. Banco Santander S.A. grew its holdings in shares of Otis Worldwide by 1,153.2% during the second quarter. Banco Santander S.A. now owns 106,257 shares of the company’s stock worth $7,608,000 after buying an additional 97,778 shares in the last quarter. Finally, Alberta Investment Management Corp grew its holdings in shares of Otis Worldwide by 44.1% during the fourth quarter. Alberta Investment Management Corp now owns 170,600 shares of the company’s stock worth $14,902,000 after buying an additional 52,200 shares in the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on OTIS. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a research note on Monday, August 10th. Evercore reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Sanford C. Bernstein dropped their price objective on shares of Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Barclays cut their price objective on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada set a $90.00 target price on shares of Otis Worldwide in a research note on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Otis Worldwide has an average rating of “Hold” and a consensus target price of $92.91.

Get Our Latest Stock Report on OTIS

Otis Worldwide Stock Down 0.3%

NYSE OTIS opened at $71.77 on Friday. Otis Worldwide Corporation has a 52 week low of $69.16 and a 52 week high of $94.57. The business’s fifty day simple moving average is $72.62 and its 200-day simple moving average is $77.66. The firm has a market cap of $27.32 billion, a PE ratio of 18.45, a P/E/G ratio of 2.54 and a beta of 0.89.

Otis Worldwide (NYSE:OTIS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company posted $1.05 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. Research analysts expect that Otis Worldwide Corporation will post 4.02 EPS for the current year.

Otis Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 14th. Otis Worldwide’s payout ratio is presently 45.24%.

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.