MASTERINVEST Kapitalanlage GmbH Takes $782,000 Position in Otis Worldwide Corporation $OTIS

MASTERINVEST Kapitalanlage GmbH bought a new position in Otis Worldwide Corporation (NYSE:OTIS) during the 2nd quarter, Holdings Channel.com reports. The firm bought 10,918 shares of the company’s stock, valued at approximately $782,000.

Several other hedge funds also recently made changes to their positions in OTIS. Garton & Associates Financial Advisors LLC bought a new stake in Otis Worldwide in the 4th quarter worth $27,000. MidFirst Bank purchased a new position in shares of Otis Worldwide in the second quarter valued at about $28,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Otis Worldwide during the second quarter valued at about $28,000. Elevation Wealth Partners LLC raised its stake in shares of Otis Worldwide by 1,910.0% during 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 during the last quarter. Finally, Addison Advisors LLC purchased a new stake in shares of Otis Worldwide during the second quarter worth about $29,000. 88.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore restated an “outperform” rating and set a $95.00 price target on shares of Otis Worldwide in a report on Thursday, July 23rd. Morgan Stanley set a $75.00 price objective on Otis Worldwide in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Sanford C. Bernstein decreased their target price on Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a research note on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Otis Worldwide has an average rating of “Hold” and a consensus target price of $92.91.

Otis Worldwide Trading Up 0.4%

Otis Worldwide stock opened at $71.77 on Friday. Otis Worldwide Corporation has a 12 month low of $69.16 and a 12 month high of $94.57. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89. The business’s fifty day simple moving average is $72.54 and its two-hundred day simple moving average is $77.02.

Otis Worldwide (NYSE:OTIS) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm 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 was up 7.3% on a year-over-year basis. 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. On average, equities research analysts predict that Otis Worldwide Corporation will post 4.03 EPS for the current year.

Otis Worldwide Announces Dividend

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 paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, August 14th. Otis Worldwide’s dividend payout ratio (DPR) is currently 45.24%.

Otis Worldwide 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.