Otis Worldwide Corporation $OTIS Stock Bought by Founders Financial Securities LLC

Founders Financial Securities LLC raised its stake in Otis Worldwide Corporation (NYSE:OTIS) by 19.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 47,697 shares of the company’s stock after purchasing an additional 7,681 shares during the quarter. Founders Financial Securities LLC’s holdings in Otis Worldwide were worth $3,068,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Financial Solutions Advisory Group Inc. grew its stake in shares of Otis Worldwide by 242.1% in the third quarter. Financial Solutions Advisory Group Inc. now owns 21,083 shares of the company’s stock worth $1,504,000 after acquiring an additional 14,920 shares in the last quarter. Choreo LLC boosted its holdings in shares of Otis Worldwide by 3.1% in the 3rd quarter. Choreo LLC now owns 27,507 shares of the company’s stock valued at $1,769,000 after buying an additional 822 shares in the last quarter. Interchange Capital Partners LLC purchased a new stake in shares of Otis Worldwide in the 3rd quarter valued at about $205,000. D.A. Davidson & CO. boosted its holdings in shares of Otis Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 54,862 shares of the company’s stock valued at $3,529,000 after acquiring an additional 3,626 shares during the period. Finally, North Dakota State Investment Board grew its position in Otis Worldwide by 1.4% during the 3rd quarter. North Dakota State Investment Board now owns 11,766 shares of the company’s stock worth $757,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.

Key Headlines Impacting Otis Worldwide

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

• Positive Sentiment: Otis reported third-quarter adjusted earnings of $1.05 per share and revenue of approximately $3.9 billion, exceeding analyst estimates. Revenue rose 6% year over year, led by an 8% increase in Service sales and a 10% rise in modernization orders. Otis Reports Third Quarter 2026 Results
• Positive Sentiment: Service operating margin improved 100 basis points sequentially to 24.2%, while the company broadly maintained its full-year 2026 outlook. Otis also reported $337 million in quarterly operating cash flow and $272 million in adjusted free cash flow.
• Positive Sentiment: The board declared a quarterly dividend of $0.44 per share, payable December 11, supporting the company’s shareholder-return appeal. Otis has returned approximately $1.3 billion to shareholders through dividends and share repurchases during the year. Otis Declares Quarterly Dividend
• Neutral Sentiment: BNP Paribas raised its price target to $90 from $86, indicating improved expectations, while Evercore ISI lowered its target to $95 from $100. The divergent revisions suggest analysts see upside but remain cautious about execution.
• Negative Sentiment: Adjusted operating profit declined $6 million despite higher sales, reflecting a margin squeeze in New Equipment. China weakness also offset some of the company’s growth, and full-year adjusted earnings guidance was not increased.
• Negative Sentiment: Wells Fargo lowered its price target to $75 from $77 and retained an “underweight” rating, leaving limited implied upside and highlighting continued concerns about profitability.

Analysts Set New Price Targets

Several brokerages have issued reports on OTIS. Evercore reissued an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a report on Monday, August 10th. Royal Bank Of Canada set a $90.00 price objective on shares of Otis Worldwide in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein lifted their price objective on Otis Worldwide from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $91.20.

Otis Worldwide Trading Up 2.5%

Shares of NYSE OTIS opened at $74.69 on Friday. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.87. Otis Worldwide Corporation has a twelve month low of $63.58 and a twelve month high of $94.57. The business has a 50 day simple moving average of $69.60 and a 200-day simple moving average of $76.50.

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

Otis Worldwide 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.