Erste Asset Management GmbH Increases Stock Holdings in Otis Worldwide Corporation $OTIS

Posted by Francis Steltz on Jun 9th, 2026

Erste Asset Management GmbH grew its position in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 47.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,083 shares of the company’s stock after buying an additional 60,565 shares during the quarter. Erste Asset Management GmbH’s holdings in Otis Worldwide were worth $16,512,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cookson Peirce & Co. Inc. increased its position in Otis Worldwide by 1.8% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company’s stock worth $605,000 after purchasing an additional 115 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its position in Otis Worldwide by 4.0% during the 4th 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 in the last quarter. Moors & Cabot Inc. increased its position in Otis Worldwide by 2.7% during the 4th quarter. Moors & Cabot Inc. now owns 4,741 shares of the company’s stock worth $414,000 after purchasing an additional 126 shares in the last quarter. Composition Wealth LLC increased its position in Otis Worldwide by 4.2% during the 4th quarter. Composition Wealth LLC now owns 3,258 shares of the company’s stock worth $285,000 after purchasing an additional 131 shares in the last quarter. Finally, Cary Street Partners Financial LLC increased its position in Otis Worldwide by 2.6% during the 3rd quarter. Cary Street Partners Financial LLC now owns 5,165 shares of the company’s stock worth $472,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on OTIS. Royal Bank Of Canada dropped their price objective on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings cut Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. UBS Group set a $105.00 price target on Otis Worldwide in a report on Thursday, April 23rd. Wolfe Research cut Otis Worldwide from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 8th. Finally, Evercore assumed coverage on Otis Worldwide in a report on Monday, April 13th. They issued an “outperform” rating and a $100.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Otis Worldwide presently has a consensus rating of “Hold” and an average target price of $97.64.

Read Our Latest Research Report on Otis Worldwide

Otis Worldwide Price Performance

OTIS opened at $69.57 on Tuesday. The stock has a market capitalization of $26.69 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. Otis Worldwide Corporation has a 12 month low of $69.16 and a 12 month high of $101.42. The business has a 50-day moving average of $75.54 and a two-hundred day moving average of $83.57.

Otis Worldwide (NYSE:OTIS – Get Free Report) last released its quarterly earnings data 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). 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%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Equities research analysts anticipate that Otis Worldwide Corporation will post 4.2 earnings per share for the current year.

Otis Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 15th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.5%. This is an increase from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s dividend payout ratio 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.