DMKC Advisory Services LLC Acquires 7,591 Shares of Otis Worldwide Corporation $OTIS

DMKC Advisory Services LLC boosted its holdings in shares of Otis Worldwide Corporation (NYSE:OTIS) by 24.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,387 shares of the company’s stock after purchasing an additional 7,591 shares during the period. DMKC Advisory Services LLC’s holdings in Otis Worldwide were worth $2,748,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OTIS. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide in the fourth quarter valued at $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in Otis Worldwide during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Otis Worldwide in the fourth quarter valued at about $33,000. Reflection Asset Management acquired a new position in shares of Otis Worldwide in the 4th quarter valued at approximately $34,000. Finally, MidFirst Bank bought a new stake in Otis Worldwide during the fourth quarter worth $35,000. Institutional investors own 88.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays decreased their price target 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. Weiss Ratings cut shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Evercore restated an “outperform” rating and issued a $95.00 target price on shares of Otis Worldwide in a research note on Thursday, July 23rd. UBS Group set a $105.00 price target on shares of Otis Worldwide in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada set a $90.00 price objective on shares of Otis Worldwide in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Otis Worldwide currently has an average rating of “Hold” and an average price target of $94.09.

Otis Worldwide Price Performance

Shares of Otis Worldwide stock opened at $73.24 on Thursday. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.61 and a beta of 0.89. The firm’s 50-day moving average is $72.11 and its two-hundred day moving average is $78.95. Otis Worldwide Corporation has a 1 year low of $69.16 and a 1 year high of $94.57.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm posted $1.05 EPS. Otis Worldwide’s revenue was up 7.3% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, equities analysts expect that Otis Worldwide Corporation will post 4 earnings per share for the current year.

Otis Worldwide Dividend Announcement

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

About Otis Worldwide

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.