Caxton Associates LLP Buys 7,754 Shares of Otis Worldwide Corporation $OTIS

Caxton Associates LLP raised its stake in Otis Worldwide Corporation (NYSE:OTIS) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,813 shares of the company’s stock after acquiring an additional 7,754 shares during the period. Caxton Associates LLP’s holdings in Otis Worldwide were worth $4,071,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of OTIS. Sei Investments Co. boosted its holdings in shares of Otis Worldwide by 1.7% during the 1st quarter. Sei Investments Co. now owns 530,407 shares of the company’s stock valued at $40,883,000 after purchasing an additional 9,058 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Otis Worldwide by 62.1% in the first quarter. Lido Advisors LLC now owns 17,363 shares of the company’s stock worth $1,339,000 after buying an additional 6,649 shares in the last quarter. State of Wyoming boosted its stake in Otis Worldwide by 12.0% during the first quarter. State of Wyoming now owns 6,884 shares of the company’s stock valued at $531,000 after buying an additional 736 shares during the last quarter. Cetera Investment Advisers grew its holdings in Otis Worldwide by 6.5% during the 1st quarter. Cetera Investment Advisers now owns 70,682 shares of the company’s stock valued at $5,448,000 after buying an additional 4,329 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Otis Worldwide by 16.3% in the 1st quarter. First Trust Advisors LP now owns 573,249 shares of the company’s stock worth $44,186,000 after acquiring an additional 80,364 shares during the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on OTIS shares. Morgan Stanley set a $88.00 target price on shares of Otis Worldwide in a report on Friday, April 24th. UBS Group set a $105.00 price target on shares of Otis Worldwide in a report on Thursday, April 23rd. Royal Bank Of Canada reduced their price objective on 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 reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday. Finally, Sanford C. Bernstein lowered their price target on Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Otis Worldwide presently has an average rating of “Hold” and a consensus target price of $95.45.

Otis Worldwide Price Performance

NYSE OTIS opened at $70.87 on Friday. Otis Worldwide Corporation has a 1 year low of $69.16 and a 1 year high of $94.57. The company has a market capitalization of $27.20 billion, a PE ratio of 18.22, a P/E/G ratio of 2.61 and a beta of 0.90. The company has a fifty day moving average of $71.94 and a 200 day moving average of $80.02.

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

Otis Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be given a $0.44 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.5%. Otis Worldwide’s dividend payout ratio is 46.81%.

Key Stories Impacting Otis Worldwide

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

• Positive Sentiment: Otis beat Q2 estimates, with EPS of $1.01 matching consensus and revenue of $3.86 billion coming in above forecasts. Article Title
• Positive Sentiment: Service sales remained a bright spot, rising 11% in the quarter, while modernization orders increased and backlog grew 24% year over year, supporting longer-term demand visibility. Article Title
• Positive Sentiment: The board declared a quarterly dividend of $0.44 per share, reinforcing shareholder returns. Article Title
• Neutral Sentiment: Otis raised its full-year revenue outlook to about $15.1 billion-$15.3 billion, but management’s new EPS guidance of $4.01-$4.05 was below prior expectations, limiting enthusiasm. Article Title
• Negative Sentiment: The market is reacting to another guidance cut, which points to margin strain and cost pressures even as sales improved. Article Title
• Negative Sentiment: New Equipment weakness and lower adjusted operating profit suggest the turnaround is still incomplete, weighing on investor sentiment. Article Title

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.