Louisbourg Investments Inc. Raises Holdings in Otis Worldwide Corporation $OTIS

Posted by on Jun 28th, 2026

Louisbourg Investments Inc. lifted its stake in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 9.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,707 shares of the company’s stock after purchasing an additional 7,430 shares during the quarter. Otis Worldwide comprises about 1.1% of Louisbourg Investments Inc.’s portfolio, making the stock its 28th largest holding. Louisbourg Investments Inc.’s holdings in Otis Worldwide were worth $6,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Stance Capital LLC purchased a new position in shares of Otis Worldwide in the third quarter worth $27,000. Camelot Portfolios LLC acquired a new stake in shares of Otis Worldwide during the fourth quarter worth $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Otis Worldwide during the fourth quarter valued at $27,000. Elevation Wealth Partners LLC purchased a new stake in shares of Otis Worldwide during the fourth quarter valued at $32,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Otis Worldwide in the 4th quarter valued at $33,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Otis Worldwide Stock Performance

NYSE:OTIS opened at $73.32 on Friday. Otis Worldwide Corporation has a one year low of $69.16 and a one year high of $101.42. The firm has a market cap of $28.13 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.39 and a beta of 0.91. The firm’s fifty day moving average is $73.67 and its two-hundred day moving average is $82.09.

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 analysts’ consensus estimates of $0.91 by ($0.02). The company 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 quarter in the previous year, the business posted $0.92 EPS. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. As a group, equities research analysts predict that Otis Worldwide Corporation will post 4.2 earnings per share for the current fiscal year.

Otis Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 15th were given a dividend of $0.44 per share. This is an increase from Otis Worldwide’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, May 15th. Otis Worldwide’s dividend payout ratio (DPR) is 46.81%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OTIS. Sanford C. Bernstein began coverage on Otis Worldwide in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $97.00 target price for the company. Evercore initiated coverage on Otis Worldwide in a research note on Monday, April 13th. They set an “outperform” rating and a $100.00 price target on the stock. Morgan Stanley set a $88.00 price objective on Otis Worldwide in a research note on Friday, April 24th. Wells Fargo & Company decreased their target price on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings downgraded Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. 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 stock. According to MarketBeat.com, Otis Worldwide presently has a consensus rating of “Hold” and an average price target of $97.58.

View Our Latest Stock Analysis on Otis Worldwide

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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