Bank of New York Mellon Corp Has $274.33 Million Stock Holdings in Otis Worldwide Corporation $OTIS

Bank of New York Mellon Corp increased its position in shares of Otis Worldwide Corporation (NYSE:OTIS) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,000,452 shares of the company’s stock after acquiring an additional 202,967 shares during the quarter. Bank of New York Mellon Corp owned about 0.76% of Otis Worldwide worth $274,331,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OTIS. Berkshire Money Management Inc. grew its holdings in shares of Otis Worldwide by 5.0% in the 2nd quarter. Berkshire Money Management Inc. now owns 2,100 shares of the company’s stock valued at $208,000 after buying an additional 100 shares during the period. OLD National Bancorp IN lifted its holdings in Otis Worldwide by 5.5% during the third quarter. OLD National Bancorp IN now owns 2,245 shares of the company’s stock worth $205,000 after acquiring an additional 118 shares in the last quarter. PFG Investments LLC grew its stake in Otis Worldwide by 3.7% in the second quarter. PFG Investments LLC now owns 3,428 shares of the company’s stock valued at $339,000 after acquiring an additional 121 shares during the period. PKS Advisory Services LLC increased its holdings in shares of Otis Worldwide by 4.9% in the second quarter. PKS Advisory Services LLC now owns 2,575 shares of the company’s stock worth $255,000 after acquiring an additional 121 shares in the last quarter. Finally, MSH Capital Advisors LLC increased its holdings in shares of Otis Worldwide by 5.4% in the second quarter. MSH Capital Advisors LLC now owns 2,362 shares of the company’s stock worth $234,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OTIS shares. Wolfe Research set a $109.00 price objective on Otis Worldwide and gave the company an “outperform” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Otis Worldwide in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Otis Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Zacks Research upgraded shares of Otis Worldwide from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company reduced their target price on shares of Otis Worldwide from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Monday, December 15th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $104.13.

Otis Worldwide Stock Down 1.7%

Shares of OTIS stock opened at $87.13 on Friday. Otis Worldwide Corporation has a 12 month low of $84.00 and a 12 month high of $106.83. The company’s fifty day simple moving average is $88.45 and its 200-day simple moving average is $89.43. The firm has a market cap of $33.96 billion, a PE ratio of 24.89, a P/E/G ratio of 2.56 and a beta of 1.02.

Otis Worldwide (NYSE:OTIS) last released its earnings results on Wednesday, January 28th. The company reported $1.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.03. Otis Worldwide had a net margin of 9.59% and a negative return on equity of 30.42%. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Otis Worldwide Corporation will post 4.04 earnings per share for the current fiscal year.

Otis Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be 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 is Friday, February 13th. Otis Worldwide’s dividend payout ratio is presently 49.56%.

Insider Transactions at Otis Worldwide

In related news, CAO Michael Patrick Ryan sold 3,028 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $91.69, for a total transaction of $277,637.32. Following the completion of the transaction, the chief accounting officer directly owned 2,628 shares of the company’s stock, valued at approximately $240,961.32. This represents a 53.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Otis Worldwide News Summary

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

• Positive Sentiment: Service-led momentum: Service net sales grew ~8% in Q4 (organic +5%), maintenance & repair up, and service operating margins improved — supporting higher-margin recurring revenue and the company’s 2026 outlook. OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
• Positive Sentiment: Strong cash generation and capital returns: Q4 operating cash flow was $817M and full-year adjusted free cash flow ~$1.6B; the company repurchased roughly $800M of stock in 2025 — a positive for shareholder returns. OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
• Positive Sentiment: Quarterly dividend declared: Board declared a $0.42/share quarterly cash dividend, which may support income-oriented investor demand. Otis Declares Quarterly Dividend of $0.42 per Share
• Neutral Sentiment: Earnings mostly met expectations: Q4 adjusted EPS of $1.03 matched consensus, showing year-over-year EPS improvement but little upside surprise. Otis Worldwide (OTIS) Q4 Earnings Match Estimates
• Neutral Sentiment: 2026 outlook: Management expects organic sales up low-to-mid single digits and adjusted EPS up mid-to-high single digits with adj. FCF $1.6–$1.7B — guidance is constructive but revenue range is roughly centered with Street estimates, so market reaction depends on execution. OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
• Negative Sentiment: Revenue miss and new equipment weakness: Q4 revenue was $3.80B vs. consensus ~$3.88B, led by softer New Equipment sales — this top-line shortfall pressured the stock. Otis misses Q4 estimates, shares dip as revenue falls short
• Negative Sentiment: Softer demand in China and new equipment exposure: Several reports note weaker sales in China and a pullback in new equipment orders, increasing near-term growth uncertainty. Otis Worldwide shares slide after Q4 revenue miss, softer sales in China

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.