Otis Worldwide Corporation $OTIS Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC trimmed its position in shares of Otis Worldwide Corporation (NYSE:OTIS) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,481 shares of the company’s stock after selling 7,073 shares during the quarter. Modera Wealth Management LLC’s holdings in Otis Worldwide were worth $3,440,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of Otis Worldwide by 1,583.7% in the 3rd quarter. International Assets Investment Management LLC now owns 33,000 shares of the company’s stock worth $2,123,000 after buying an additional 31,040 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in Otis Worldwide by 18.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 12,309 shares of the company’s stock worth $792,000 after buying an additional 1,899 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Otis Worldwide by 187.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 565,450 shares of the company’s stock worth $36,370,000 after acquiring an additional 368,800 shares during the period. Soltis Investment Advisors LLC grew its position in Otis Worldwide by 2.4% in the 3rd quarter. Soltis Investment Advisors LLC now owns 7,598 shares of the company’s stock worth $489,000 after purchasing an additional 176 shares during the period. Finally, Founders Financial Securities LLC grew its position in Otis Worldwide by 19.2% in the 3rd quarter. Founders Financial Securities LLC now owns 47,697 shares of the company’s stock worth $3,068,000 after purchasing an additional 7,681 shares during the period. Institutional investors own 88.03% of the company’s stock.

Otis Worldwide Price Performance

Shares of OTIS opened at $75.93 on Friday. The firm has a market cap of $28.90 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.66 and a beta of 0.87. The company has a 50 day simple moving average of $69.68 and a two-hundred day simple moving average of $76.43. Otis Worldwide Corporation has a 1 year low of $63.58 and a 1 year high of $94.57.

Otis Worldwide (NYSE:OTIS) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. Otis Worldwide had a negative return on equity of 28.45% and a net margin of 10.28%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the company earned $1.05 earnings per share. Otis Worldwide’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Otis Worldwide Corporation will post 4.03 earnings per share for the current year.

Otis Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.76 dividend on an annualized basis and a yield of 2.3%. Otis Worldwide’s payout ratio is currently 43.78%.

Analyst Ratings Changes

A number of analysts have commented on OTIS shares. Morgan Stanley set a $75.00 target price on shares of Otis Worldwide in a report on Monday, August 10th. Evercore restated an “outperform” rating and set a $95.00 price objective on shares of Otis Worldwide in a research report on Thursday, July 23rd. Royal Bank Of Canada set a $90.00 target price on shares of Otis Worldwide in a research note on Tuesday, July 28th. Wells Fargo & Company lowered their target price on shares of Otis Worldwide from $77.00 to $75.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Sanford C. Bernstein upped their target price on shares of Otis Worldwide from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Otis Worldwide currently has a consensus rating of “Hold” and an average target price of $91.20.

Otis Worldwide News Summary

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

• Positive Sentiment: Otis declared a quarterly dividend of $0.44 per share, payable December 11 to shareholders of record November 13. The annualized payout is $1.76 per share, representing an approximately 2.3% yield and reinforcing the company’s shareholder-return appeal. Otis Declares Quarterly Dividend of $0.44 per Share
• Positive Sentiment: BNP Paribas raised its price target to $90 from $86, indicating improved expectations for the stock despite differing views among analysts. BNP Paribas Adjusts Price Target on Otis Worldwide
• Neutral Sentiment: Otis issued fiscal 2026 EPS guidance of $4.01-$4.05, broadly in line with the $4.04 consensus estimate. Revenue guidance of $15.1-$15.3 billion is slightly below the $15.3 billion consensus at the midpoint, suggesting limited upside expectations.
• Neutral Sentiment: Analyst commentary continues to highlight strong recurring service growth, while comparisons with Albany International focus on valuation, operating performance and business quality rather than a new company-specific catalyst. Otis: Service Growth Is Strong, But Profitability Lags Head-To-Head Contrast: Otis Worldwide and Albany International
• Negative Sentiment: Profitability remains a concern: analysis describes a margin squeeze beneath Otis’s growth, which could limit earnings expansion even if service revenue remains resilient. Otis Q3 Earnings Spotlight: A Margin Squeeze Beneath Growth
• Negative Sentiment: Wells Fargo lowered its price target to $75 from $77 and maintained an “underweight” rating. Evercore ISI also reduced its target to $95 from $100, signaling more limited near-term upside. Wells Fargo Lowers Otis Price Target Evercore ISI Adjusts Price Target

Otis Worldwide Company Profile

Otis Worldwide Corporation (NYSE: OTIS) is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.

Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.

The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.