Rep. Lisa C. McClain Purchases Shares of Otis Worldwide Corporation (NYSE:OTIS)

Representative Lisa C. McClain (R-Michigan) recently bought shares of Otis Worldwide Corporation (NYSE:OTIS). In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Otis Worldwide stock on August 4th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 8/28/2025.
• Purchased $1,001 – $15,000 in shares of ACI Worldwide (NASDAQ:ACIW) on 8/19/2025.
• Purchased $1,001 – $15,000 in shares of HCA Healthcare (NYSE:HCA) on 8/19/2025.
• Sold $1,001 – $15,000 in shares of Amedisys (NASDAQ:AMED) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Kite Realty Group Trust (NYSE:KRG) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of JD.com (NASDAQ:JD) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of Trade Desk (NASDAQ:TTD) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of US Foods (NYSE:USFD) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of Agree Realty (NYSE:ADC) on 8/13/2025.

Otis Worldwide Stock Down 1.2%

Shares of OTIS stock opened at $89.25 on Monday. The firm has a market cap of $35.03 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 4.29 and a beta of 0.98. The company’s 50 day moving average is $89.36 and its 200 day moving average is $94.82. Otis Worldwide Corporation has a 52-week low of $84.25 and a 52-week high of $106.83.

Otis Worldwide (NYSE:OTIS) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.73 billion. Otis Worldwide had a net margin of 10.68% and a negative return on equity of 30.95%. Otis Worldwide’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. Otis Worldwide has set its FY 2025 guidance at 4.000-4.10 EPS. Analysts anticipate that Otis Worldwide Corporation will post 4.04 EPS for the current fiscal year.

Otis Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 15th. Otis Worldwide’s dividend payout ratio (DPR) is presently 44.44%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OTIS shares. JPMorgan Chase & Co. lifted their price objective on shares of Otis Worldwide from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday. Wolfe Research raised shares of Otis Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, July 25th. Royal Bank Of Canada cut their price target on shares of Otis Worldwide from $108.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Zacks Research lowered shares of Otis Worldwide from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Finally, Barclays cut their price target on shares of Otis Worldwide from $92.00 to $90.00 and set an “underweight” rating on the stock in a report on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $103.00.

Institutional Investors Weigh In On Otis Worldwide

A number of hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in Otis Worldwide by 9.3% during the 2nd quarter. Osaic Holdings Inc. now owns 52,639 shares of the company’s stock worth $5,221,000 after buying an additional 4,497 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Otis Worldwide by 2.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 45,280 shares of the company’s stock worth $4,484,000 after buying an additional 1,232 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Otis Worldwide by 249.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 112,113 shares of the company’s stock worth $11,102,000 after buying an additional 80,000 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Otis Worldwide during the 2nd quarter worth approximately $734,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Otis Worldwide during the 2nd quarter worth approximately $369,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Otis Worldwide Company Profile

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.