HighTower Advisors LLC Sells 40,526 Shares of Otis Worldwide Corporation $OTIS

Posted by Geri Gentry on May 21st, 2026

HighTower Advisors LLC decreased its holdings in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 703,183 shares of the company’s stock after selling 40,526 shares during the quarter. HighTower Advisors LLC’s holdings in Otis Worldwide were worth $61,423,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of Otis Worldwide by 4.5% in the third quarter. Franklin Resources Inc. now owns 7,419,634 shares of the company’s stock worth $678,377,000 after purchasing an additional 322,255 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Otis Worldwide by 3.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,778,152 shares of the company’s stock worth $436,866,000 after purchasing an additional 145,817 shares during the last quarter. PineStone Asset Management Inc. grew its stake in shares of Otis Worldwide by 3.6% in the fourth quarter. PineStone Asset Management Inc. now owns 4,679,997 shares of the company’s stock worth $408,798,000 after purchasing an additional 163,476 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Otis Worldwide by 15.3% in the third quarter. Wellington Management Group LLP now owns 3,529,185 shares of the company’s stock worth $322,673,000 after purchasing an additional 468,184 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Otis Worldwide by 7.9% in the third quarter. Marshall Wace LLP now owns 3,068,281 shares of the company’s stock worth $280,533,000 after purchasing an additional 223,757 shares during the last quarter. Institutional investors own 88.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OTIS shares. New Street Research set a $98.00 price objective on shares of Otis Worldwide in a research note on Friday, January 30th. UBS Group set a $105.00 price objective on shares of Otis Worldwide in a research note on Thursday, April 23rd. Royal Bank Of Canada reduced their price objective on shares of Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut shares of Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a research note on Friday, January 30th. Finally, Weiss Ratings cut shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Otis Worldwide currently has an average rating of “Hold” and a consensus target price of $97.64.

Check Out Our Latest Research Report on Otis Worldwide

Otis Worldwide Stock Up 0.4%

OTIS stock opened at $71.24 on Thursday. The firm has a market cap of $27.34 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.32 and a beta of 0.95. Otis Worldwide Corporation has a 12-month low of $69.72 and a 12-month high of $101.42. The company’s fifty day simple moving average is $78.18 and its 200 day simple moving average is $85.33.

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

Otis Worldwide Increases Dividend

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

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.