VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Otis Worldwide Corporation $OTIS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Otis Worldwide Corporation (NYSE:OTIS) during the 4th quarter, HoldingsChannel reports. The firm bought 19,600 shares of the company’s stock, valued at approximately $1,712,000.

Several other institutional investors have also modified their holdings of OTIS. Jones Financial Companies Lllp grew its position in shares of Otis Worldwide by 3.4% in the first quarter. Jones Financial Companies Lllp now owns 9,199 shares of the company’s stock valued at $949,000 after purchasing an additional 304 shares during the period. Empowered Funds LLC grew its position in shares of Otis Worldwide by 10.5% in the first quarter. Empowered Funds LLC now owns 8,988 shares of the company’s stock valued at $928,000 after purchasing an additional 857 shares during the period. Acadian Asset Management LLC grew its position in shares of Otis Worldwide by 63.7% in the first quarter. Acadian Asset Management LLC now owns 4,045 shares of the company’s stock valued at $417,000 after purchasing an additional 1,574 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Otis Worldwide by 7.1% in the second quarter. Baird Financial Group Inc. now owns 32,245 shares of the company’s stock worth $3,193,000 after buying an additional 2,132 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Otis Worldwide by 13.3% in the second quarter. NewEdge Advisors LLC now owns 10,222 shares of the company’s stock worth $1,012,000 after buying an additional 1,196 shares in the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.

Otis Worldwide Price Performance

Shares of OTIS stock opened at $71.13 on Friday. The firm’s 50-day moving average is $79.27 and its two-hundred day moving average is $85.83. Otis Worldwide Corporation has a 12 month low of $70.65 and a 12 month high of $101.42. The company has a market capitalization of $27.29 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95.

Otis Worldwide (NYSE:OTIS) last issued its earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $0.92 earnings per share. Otis Worldwide’s revenue for the quarter was up 6.4% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Sell-side analysts forecast that Otis Worldwide Corporation will post 4.19 EPS for the current year.

Otis Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, May 15th. Otis Worldwide’s payout ratio is presently 44.68%.

Trending Headlines about Otis Worldwide

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

• Positive Sentiment: Zacks Research nudged up its Q3 2026 EPS estimate to $1.14 from $1.13 and its Q4 2026 estimate to $1.18 from $1.17, signaling slightly better near-term earnings expectations.
• Positive Sentiment: Even with some forecast cuts, Zacks still sees Otis earning above the current consensus for FY2026 at $4.22 per share versus $4.18 expected by analysts overall.
• Neutral Sentiment: Market commentary focused on whether Wall Street analysts like Otis Worldwide stock and whether options traders are signaling a move, but no major company-specific operational update was included in these headlines. Do Wall Street analysts like Otis Worldwide stock?
• Negative Sentiment: Zacks Research lowered FY2026 EPS to $4.22 from $4.29 and FY2027 EPS to $4.67 from $4.81, implying softer profitability expectations over the next couple of years.
• Negative Sentiment: The firm also cut estimates for Q2 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q4 2027, and FY2028, which reinforces the cautious tone around Otis Worldwide’s earnings outlook.

Wall Street Analyst Weigh In

OTIS has been the topic of several research reports. Morgan Stanley set a $88.00 price target on shares of Otis Worldwide in a research note on Friday, April 24th. UBS Group set a $105.00 price target on shares of Otis Worldwide in a research note on Thursday, April 23rd. Royal Bank Of Canada decreased their price target on shares of Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Evercore initiated coverage on shares of Otis Worldwide in a research note on Monday, April 13th. They issued an “outperform” rating and a $100.00 price target on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research note on Friday, January 30th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Otis Worldwide presently has an average rating of “Hold” and an average target price of $97.64.

Otis Worldwide Company Profile

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.