Oppenheimer Asset Management Inc. Acquires Shares of 20,308 Otis Worldwide Corporation $OTIS

Posted by Stanley Muller on Aug 17th, 2026

Oppenheimer Asset Management Inc. bought a new position in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) in the second quarter, Holdings Channel reports. The firm bought 20,308 shares of the company’s stock, valued at approximately $1,454,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Camelot Portfolios LLC bought a new position in shares of Otis Worldwide in the 4th quarter worth $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Otis Worldwide during the fourth quarter worth $27,000. Elevation Wealth Partners LLC increased its holdings in Otis Worldwide by 1,910.0% in the second quarter. Elevation Wealth Partners LLC now owns 402 shares of the company’s stock valued at $29,000 after purchasing an additional 382 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Otis Worldwide in the fourth quarter valued at about $33,000. Finally, Reflection Asset Management acquired a new position in Otis Worldwide in the fourth quarter valued at about $34,000. Institutional investors own 88.03% of the company’s stock.

Otis Worldwide Trading Down 0.0%

OTIS stock opened at $72.61 on Monday. Otis Worldwide Corporation has a 1-year low of $69.16 and a 1-year high of $94.57. The firm has a market cap of $27.64 billion, a PE ratio of 18.67, a P/E/G ratio of 2.56 and a beta of 0.89. The business’s 50-day moving average price is $72.54 and its two-hundred day moving average price is $78.13.

Otis Worldwide (NYSE:OTIS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, analysts forecast that Otis Worldwide Corporation will post 4.03 earnings per share for the current year.

Otis Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s dividend payout ratio is presently 45.24%.

Trending Headlines about Otis Worldwide

Here are the key news stories impacting Otis Worldwide this week:

Positive Sentiment: Despite the cuts, Zacks Research still projects earnings growth from approximately $4.04 per share in fiscal 2026 to $4.41 in fiscal 2027 and $4.89 in fiscal 2028. The fiscal 2026 estimate is also slightly above the broader consensus of $4.03 per share. Otis Worldwide analyst estimates
Neutral Sentiment: An MSN page provides updated analyst estimates and ratings for Otis Worldwide, but the supplied information does not specify individual analyst recommendations or price targets. Otis Worldwide stock: Analyst estimates and ratings
Negative Sentiment: Zacks lowered its fiscal 2026 EPS forecast to $4.04 from $4.22, fiscal 2027 to $4.41 from $4.67, and fiscal 2028 to $4.89 from $5.23. These reductions point to weaker expected profitability than previously forecast.
Negative Sentiment: Quarterly estimates were also reduced: Q3 2026 EPS fell to $1.01 from $1.14, Q4 2026 to $1.13 from $1.18, and Q1 2027 to $1.02 from $1.05. Additional cuts affected Q2 and Q3 2027, Q4 2027, and the first two quarters of 2028.

Wall Street Analysts Forecast Growth

OTIS has been the topic of a number of recent analyst reports. Evercore restated an “outperform” rating and set a $95.00 target price on shares of Otis Worldwide in a report on Thursday, July 23rd. Barclays lowered their price target on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a research note on Thursday, April 23rd. UBS Group set a $105.00 price target on shares of Otis Worldwide in a research report on Thursday, April 23rd. Morgan Stanley set a $75.00 price objective on shares of Otis Worldwide in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.91.

Get Our Latest Research Report 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.