TD Waterhouse Canada Inc. Acquires 10,842 Shares of Otis Worldwide Corporation $OTIS

Posted by Brenda Bartman on Sep 9th, 2026

TD Waterhouse Canada Inc. lifted its holdings in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 175.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,033 shares of the company’s stock after purchasing an additional 10,842 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Otis Worldwide were worth $1,203,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Otis Worldwide in the 2nd quarter worth approximately $2,264,017,000. State Street Corp raised its position in shares of Otis Worldwide by 0.8% during the 4th quarter. State Street Corp now owns 16,128,197 shares of the company’s stock valued at $1,408,798,000 after buying an additional 121,207 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Otis Worldwide by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 10,788,225 shares of the company’s stock valued at $945,020,000 after buying an additional 29,636 shares in the last quarter. Norges Bank bought a new stake in shares of Otis Worldwide during the 4th quarter worth $770,125,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Otis Worldwide by 5.7% during the 4th quarter. Franklin Resources Inc. now owns 7,842,153 shares of the company’s stock worth $685,012,000 after acquiring an additional 422,519 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors.

Otis Worldwide Stock Performance

OTIS stock opened at $70.14 on Wednesday. The firm has a market cap of $26.70 billion, a P/E ratio of 18.03, a P/E/G ratio of 2.51 and a beta of 0.88. The firm’s fifty day moving average is $72.31 and its 200 day moving average is $75.96. Otis Worldwide Corporation has a 52 week low of $69.16 and a 52 week high of $94.57.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, hitting 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 business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that Otis Worldwide Corporation will post 4.03 EPS for the current year.

Otis Worldwide Dividend Announcement

The business 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 dividend of $0.44 per share. The ex-dividend date is Friday, August 14th. This represents a $1.76 annualized dividend and a yield of 2.5%. Otis Worldwide’s dividend payout ratio is currently 45.24%.

Analyst Ratings Changes

Several research analysts recently issued reports on OTIS shares. Evercore reissued an “outperform” rating and issued a $95.00 target price on shares of Otis Worldwide in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a research note on Tuesday, July 28th. Morgan Stanley set a $75.00 price objective on Otis Worldwide in a report on Monday, August 10th. Finally, Sanford C. Bernstein reduced their price objective on Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Otis Worldwide currently has an average rating of “Hold” and an average price target of $92.91.

Check Out Our Latest Report on OTIS

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.