North Dakota State Investment Board Invests $1.77 Million in Otis Worldwide Corporation $OTIS

Posted by George Bondi on May 20th, 2026

North Dakota State Investment Board bought a new stake in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 20,285 shares of the company’s stock, valued at approximately $1,772,000.

Several other institutional investors also recently bought and sold shares of the company. Oakworth Capital Inc. grew its holdings in Otis Worldwide by 49.1% in the third quarter. Oakworth Capital Inc. now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Cookson Peirce & Co. Inc. grew its holdings in Otis Worldwide by 1.8% in the third quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company’s stock worth $605,000 after purchasing an additional 115 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in Otis Worldwide by 57.7% in the third quarter. Physician Wealth Advisors Inc. now owns 339 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in Otis Worldwide by 4.0% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company’s stock worth $281,000 after purchasing an additional 124 shares during the last quarter. Finally, Composition Wealth LLC grew its holdings in Otis Worldwide by 4.2% in the fourth quarter. Composition Wealth LLC now owns 3,258 shares of the company’s stock worth $285,000 after purchasing an additional 131 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Otis Worldwide Trading Down 0.4%

NYSE:OTIS opened at $70.84 on Wednesday. The company has a market cap of $27.18 billion, a PE ratio of 18.84, a P/E/G ratio of 2.33 and a beta of 0.95. Otis Worldwide Corporation has a twelve month low of $69.72 and a twelve month high of $101.42. The company’s 50 day moving average is $78.51 and its two-hundred day moving average is $85.48.

Otis Worldwide (NYSE:OTIS – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. As a group, analysts expect that Otis Worldwide Corporation will post 4.19 EPS for the current fiscal year.

Otis Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, May 15th. This is a positive change from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s dividend payout ratio (DPR) is presently 46.81%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley set a $88.00 price target on shares of Otis Worldwide in a report on Friday, April 24th. New Street Research set a $98.00 price target on shares of Otis Worldwide in a report on Friday, January 30th. UBS Group set a $105.00 price target on shares of Otis Worldwide in a report on Thursday, April 23rd. Weiss Ratings downgraded shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Finally, JPMorgan Chase & Co. downgraded shares of Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 target price on the stock. in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Otis Worldwide has an average rating of “Hold” and a consensus price target of $97.64.

Read Our Latest Analysis on Otis Worldwide

Otis Worldwide 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.