Candriam S.C.A. Sells 10,755 Shares of Otis Worldwide Corporation $OTIS

Posted by Francis Steltz on Jul 14th, 2026

Candriam S.C.A. reduced its stake in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 15.4% during the 1st quarter, HoldingsChannel reports. The fund owned 58,979 shares of the company’s stock after selling 10,755 shares during the quarter. Candriam S.C.A.’s holdings in Otis Worldwide were worth $4,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Camelot Portfolios LLC bought a new position in shares of Otis Worldwide in the 4th quarter valued at about $26,000. Stance Capital LLC bought a new stake in Otis Worldwide in the 3rd quarter valued at $27,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Otis Worldwide in the fourth quarter valued at approximately $27,000. Elevation Wealth Partners LLC acquired a new stake in Otis Worldwide during the fourth quarter worth approximately $32,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Otis Worldwide during the 4th quarter worth $33,000. 88.03% of the stock is owned by institutional investors and hedge funds.

Otis Worldwide Trading Up 0.4%

NYSE OTIS opened at $73.35 on Tuesday. The firm has a market capitalization of $28.15 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.60 and a beta of 0.90. The business’s 50-day moving average price is $72.32 and its two-hundred day moving average price is $80.89. Otis Worldwide Corporation has a 12 month low of $69.16 and a 12 month high of $101.42.

Otis Worldwide (NYSE:OTIS – Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $3.77 billion. Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. 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, analysts forecast that Otis Worldwide Corporation will post 4.19 earnings per share for the current fiscal year.

Otis Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 15th were paid 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 of this dividend was Friday, May 15th. Otis Worldwide’s payout ratio is 46.81%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OTIS. Weiss Ratings cut Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Royal Bank Of Canada dropped their price target on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Wolfe Research cut shares of Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 8th. Barclays lowered their price objective on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a research report on Thursday, April 23rd. Finally, Morgan Stanley set a $88.00 price target on Otis Worldwide in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $96.55.

View Our Latest Stock Report on OTIS

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.