8,492 Shares in Otis Worldwide Corporation $OTIS Acquired by Anchyra Partners LLC

Anchyra Partners LLC acquired a new stake in shares of Otis Worldwide Corporation (NYSE:OTIS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,492 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in shares of Otis Worldwide during the third quarter worth $26,000. Camelot Portfolios LLC purchased a new stake in Otis Worldwide in the 4th quarter worth $26,000. Stance Capital LLC purchased a new stake in Otis Worldwide in the 3rd quarter worth $27,000. Rakuten Investment Management Inc. bought a new position in shares of Otis Worldwide during the 3rd quarter valued at about $31,000. Finally, Oakworth Capital Inc. grew its position in shares of Otis Worldwide by 49.1% during the third quarter. Oakworth Capital Inc. now owns 343 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

Insider Activity

In related news, CAO Michael Patrick Ryan sold 1,182 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $90.06, for a total transaction of $106,450.92. Following the completion of the sale, the chief accounting officer directly owned 3,504 shares of the company’s stock, valued at approximately $315,570.24. This trade represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Judith Fran Marks sold 56,107 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $90.89, for a total value of $5,099,565.23. Following the transaction, the chief executive officer owned 231,072 shares of the company’s stock, valued at approximately $21,002,134.08. The trade was a 19.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 158,013 shares of company stock valued at $14,337,635. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on OTIS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Otis Worldwide in a report on Friday, March 27th. UBS Group set a $105.00 price target on Otis Worldwide in a research note on Thursday. Wall Street Zen downgraded Otis Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Wells Fargo & Company decreased their price objective on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Royal Bank Of Canada lowered their target price on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $97.64.

Otis Worldwide News Summary

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

• Positive Sentiment: Management highlighted strong service revenue growth and reiterated fiscal‑year EPS guidance range (FY26: 4.200–4.240), signaling durable recurring revenue that supports longer‑term cash flow. Otis Worldwide Corp (OTIS) Q1 2026 Earnings Call Highlights: Strong Service Growth and …
• Positive Sentiment: Company reported sales growth driven by services, and some outlets flagged that Otis lifted its sales outlook, which can support multiple expansion if margins recover. Otis tops revenue view, lifts sales outlook as shares rise
• Positive Sentiment: Otis remains on dividend roundups as an income name, a signal to yield‑focused investors that cash return remains part of the thesis. Dividend Roundup: Otis Worldwide, Eaton, AGNC Invest, Morgan Stanley, and more
• Neutral Sentiment: Royal Bank of Canada trimmed its price target from $110 to $105 but kept an “outperform” rating — a cautious vote of confidence that still signals upside versus current levels. Royal Bank Of Canada price target change
• Neutral Sentiment: Earnings materials and call slides provide detail on backlog, service mix and regional dynamics; useful for modeling but not a market mover by itself. Otis Worldwide Corporation 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: Analysts and commentators flagged persistent margin pressure from labor and materials; Seeking Alpha calls out lackluster margin progress as a notable headwind that could limit earnings upside. Otis Worldwide: Lackluster Margin Progress Is A Notable Headwind
• Negative Sentiment: Company warned of tariff exposure and shipment delays related to the Middle East conflict, which pose short‑term cost and delivery risks for equipment sales and could pressure near‑term margins. Elevator maker Otis flags tariff hit, shipment delays amid Middle East conflict

Otis Worldwide Stock Performance

NYSE:OTIS opened at $77.80 on Monday. The firm has a market capitalization of $29.85 billion, a PE ratio of 20.69, a PEG ratio of 2.56 and a beta of 1.05. The stock’s fifty day moving average is $83.50 and its 200 day moving average is $87.23. Otis Worldwide Corporation has a fifty-two week low of $75.27 and a fifty-two week high of $101.42.

Otis Worldwide (NYSE:OTIS) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Equities analysts forecast that Otis Worldwide Corporation will post 4.18 EPS for the current year.

Otis Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 15th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. Otis Worldwide’s dividend payout ratio is presently 44.68%.

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.