California State Teachers Retirement System Buys 44,846,653 Shares of Otis Worldwide Corporation $OTIS

Posted by Brian Himes on Sep 11th, 2026

California State Teachers Retirement System lifted its stake in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 7,150.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 45,473,804 shares of the company’s stock after acquiring an additional 44,846,653 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Otis Worldwide worth $3,255,924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. boosted its stake in Otis Worldwide by 19.6% in the third quarter. Pinnacle Financial Partners Inc. now owns 77,492 shares of the company’s stock worth $7,085,000 after buying an additional 12,721 shares in the last quarter. Capital Research Global Investors grew its position in Otis Worldwide by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,843,926 shares of the company’s stock valued at $248,417,000 after acquiring an additional 18,189 shares during the last quarter. Banco Santander S.A. raised its stake 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 acquiring an additional 97,778 shares in the last quarter. Lazard Freres Gestion S.A.S. raised its stake in shares of Otis Worldwide by 21.9% during the fourth quarter. Lazard Freres Gestion S.A.S. now owns 1,309,160 shares of the company’s stock worth $114,355,000 after acquiring an additional 235,316 shares in the last quarter. Finally, Alberta Investment Management Corp raised its stake 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 acquiring an additional 52,200 shares in the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Otis Worldwide Price Performance

NYSE OTIS opened at $67.87 on Friday. The stock has a market capitalization of $25.84 billion, a PE ratio of 17.45, a PEG ratio of 2.44 and a beta of 0.88. Otis Worldwide Corporation has a 1 year low of $67.64 and a 1 year high of $94.57. The business’s 50-day moving average is $72.18 and its 200 day moving average is $75.62.

Otis Worldwide (NYSE:OTIS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $1.05 EPS. The business’s quarterly 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. As a group, equities research analysts anticipate that Otis Worldwide Corporation will post 4.03 earnings per share for the current year.

Otis Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.6%. Otis Worldwide’s dividend payout ratio (DPR) is presently 45.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OTIS shares. Evercore reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Royal Bank Of Canada set a $90.00 target price on shares of Otis Worldwide in a research report on Tuesday, July 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a research report on Monday, August 10th. Finally, Sanford C. Bernstein cut their price target on shares of Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.91.

Read Our Latest Analysis on OTIS

Otis Worldwide Company Profile

(Free Report)

Otis Worldwide Corporation (NYSE: OTIS) designs, manufactures, installs and services elevators, escalators and moving walkways. Its equipment is used in residential, commercial, institutional, transportation and industrial buildings, supporting the movement of people in high-rise and other densely occupied environments.

The company’s offerings include passenger and freight elevators, escalators, moving walkways, destination-dispatch systems and related technologies. Otis also provides maintenance, repair, modernization and replacement services for its own equipment and products made by other manufacturers.