Engineers Gate Manager LP Grows Stake in Otis Worldwide Corporation $OTIS

Posted by Brian Himes on Jun 18th, 2026

Engineers Gate Manager LP increased its position in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 654.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 727,362 shares of the company’s stock after purchasing an additional 630,915 shares during the quarter. Otis Worldwide accounts for 0.8% of Engineers Gate Manager LP’s investment portfolio, making the stock its 16th biggest holding. Engineers Gate Manager LP owned approximately 0.19% of Otis Worldwide worth $63,535,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OTIS. State Street Corp increased its position in shares of Otis Worldwide by 0.8% in the fourth quarter. State Street Corp now owns 16,128,197 shares of the company’s stock valued at $1,408,798,000 after buying an additional 121,207 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $945,020,000 after buying an additional 29,636 shares in the last quarter. Norges Bank acquired a new stake in Otis Worldwide in the 4th quarter valued at about $770,125,000. Franklin Resources Inc. grew its stake in Otis Worldwide by 5.7% in the 4th quarter. Franklin Resources Inc. now owns 7,842,153 shares of the company’s stock valued at $685,012,000 after acquiring an additional 422,519 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Otis Worldwide by 3.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,778,152 shares of the company’s stock valued at $436,866,000 after acquiring an additional 145,817 shares in the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group set a $105.00 price target on shares of Otis Worldwide in a report on Thursday, April 23rd. Evercore started coverage on Otis Worldwide in a research report on Monday, April 13th. They set an “outperform” rating and a $100.00 price objective for the company. Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Royal Bank Of Canada lowered their target price on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their price target on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $97.58.

View Our Latest Stock Analysis on OTIS

Otis Worldwide Price Performance

Otis Worldwide stock opened at $72.75 on Thursday. The stock has a market capitalization of $27.91 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.40 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 firm’s 50-day moving average is $74.72 and its two-hundred day moving average is $82.77.

Otis Worldwide (NYSE:OTIS – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. As a group, analysts forecast that Otis Worldwide Corporation will post 4.2 EPS for the current year.

Otis Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 15th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.4%. This is a positive change from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, May 15th. Otis Worldwide’s payout ratio is 46.81%.

About Otis Worldwide

(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.