JPMorgan Chase & Co. Has $527.07 Million Position in Otis Worldwide Corporation $OTIS

Posted by Francis Steltz on Jun 11th, 2026

JPMorgan Chase & Co. cut its holdings in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,033,991 shares of the company’s stock after selling 1,487,120 shares during the quarter. JPMorgan Chase & Co.’s holdings in Otis Worldwide were worth $527,069,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OTIS. Geode Capital Management LLC grew its holdings in shares of Otis Worldwide by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 10,788,225 shares of the company’s stock valued at $945,020,000 after acquiring an additional 29,636 shares in the last quarter. Norges Bank bought a new stake in Otis Worldwide during the fourth quarter worth about $770,125,000. Franklin Resources Inc. raised its holdings in Otis Worldwide by 4.5% during the third quarter. Franklin Resources Inc. now owns 7,419,634 shares of the company’s stock worth $678,377,000 after acquiring an additional 322,255 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Otis Worldwide by 3.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,778,152 shares of the company’s stock valued at $436,866,000 after purchasing an additional 145,817 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its stake in Otis Worldwide by 3.6% in the fourth quarter. PineStone Asset Management Inc. now owns 4,679,997 shares of the company’s stock valued at $408,798,000 after purchasing an additional 163,476 shares in the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Otis Worldwide Stock Down 2.2%

OTIS opened at $69.69 on Thursday. 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 $75.31 and a 200-day moving average of $83.34. The stock has a market cap of $26.74 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.32 and a beta of 0.91.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. 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 4.2 earnings per share for the current year.

Otis Worldwide Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OTIS shares. Royal Bank Of Canada lowered their price target on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Evercore assumed coverage on shares of Otis Worldwide in a research note on Monday, April 13th. They issued an “outperform” rating and a $100.00 target price for the company. Sanford C. Bernstein initiated coverage on shares of Otis Worldwide in a report on Tuesday. They set an “outperform” rating and a $97.00 target price on the stock. Morgan Stanley set a $88.00 price target on shares of Otis Worldwide in a research report on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Otis Worldwide presently has an average rating of “Hold” and an average target price of $97.58.

Read Our Latest Stock Analysis 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.

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Institutional Ownership by Quarter for Otis Worldwide (NYSE:OTIS)

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