Otis Worldwide (NYSE:OTIS) Upgraded at Wells Fargo & Company

Posted by Geri Gentry on Sep 26th, 2026

Otis Worldwide (NYSE:OTIS – Get Free Report) was upgraded by investment analysts at Wells Fargo & Company to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a research report on Tuesday, July 28th. Evercore restated an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Morgan Stanley set a $75.00 target price on Otis Worldwide in a report on Monday, August 10th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Otis Worldwide in a research report on Monday. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.64.

Read Our Latest Stock Report on Otis Worldwide

Otis Worldwide Stock Down 1.1%

Shares of OTIS opened at $65.97 on Thursday. The firm has a market cap of $25.11 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.88. The company’s fifty day moving average is $71.11 and its two-hundred day moving average is $73.97. Otis Worldwide has a fifty-two week low of $65.87 and a fifty-two week high of $94.57.

Otis Worldwide (NYSE:OTIS – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. The business 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 business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, equities research analysts anticipate that Otis Worldwide will post 4.03 earnings per share for the current year.

Institutional Investors Weigh In On Otis Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in shares of Otis Worldwide in the second quarter valued at about $27,000. Reflection Asset Management acquired a new position in Otis Worldwide during the 4th quarter worth approximately $34,000. MidFirst Bank purchased a new position in Otis Worldwide in the 4th quarter worth approximately $35,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Otis Worldwide in the 2nd quarter worth approximately $28,000. Finally, Elevation Wealth Partners LLC grew its position 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 acquiring an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

About Otis Worldwide

(Get Free Report)

Otis Worldwide Corporation (NYSE: OTIS) designs, manufactures, installs and services elevators, escalators and moving walkways. Its equipment is used in residential, commercial, institutional, transportation and industrial buildings, supporting the movement of people in high-rise and other densely occupied environments.

The company’s offerings include passenger and freight elevators, escalators, moving walkways, destination-dispatch systems and related technologies. Otis also provides maintenance, repair, modernization and replacement services for its own equipment and products made by other manufacturers.