Krilogy Financial LLC Makes New $549,000 Investment in Otis Worldwide Corporation $OTIS

Krilogy Financial LLC acquired a new stake in Otis Worldwide Corporation (NYSE:OTIS) during the second quarter, Holdings Channel.com reports. The fund acquired 7,664 shares of the company’s stock, valued at approximately $549,000.

A number of other hedge funds have also recently made changes to their positions in OTIS. Trivant Custom Portfolio Group LLC grew its holdings in shares of Otis Worldwide by 2.5% during the second quarter. Trivant Custom Portfolio Group LLC now owns 12,905 shares of the company’s stock valued at $924,000 after buying an additional 314 shares during the last quarter. Warner Group LLC acquired a new stake in shares of Otis Worldwide in the 2nd quarter worth about $300,000. Cambridge Investment Research Advisors Inc. lifted its position in Otis Worldwide by 8.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 33,265 shares of the company’s stock valued at $2,382,000 after acquiring an additional 2,536 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co bought a new position in Otis Worldwide in the 2nd quarter valued at about $117,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Otis Worldwide by 175.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,033 shares of the company’s stock valued at $1,203,000 after purchasing an additional 10,842 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Otis Worldwide Stock Down 1.2%

OTIS opened at $73.06 on Friday. Otis Worldwide Corporation has a twelve month low of $69.16 and a twelve month high of $94.57. The company’s 50-day moving average price is $72.49 and its two-hundred day moving average price is $78.26. The stock has a market cap of $27.81 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.60 and a beta of 0.89.

Otis Worldwide (NYSE:OTIS) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. Otis Worldwide’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s dividend payout ratio (DPR) is currently 45.24%.

Wall Street Analyst Weigh In

A number of brokerages have commented on OTIS. Sanford C. Bernstein decreased their price objective on Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Barclays cut their target price on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a report on Tuesday, July 28th. UBS Group set a $105.00 price target on Otis Worldwide in a research report on Thursday, April 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.91.

Key Headlines Impacting Otis Worldwide

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

• Negative Sentiment: Zacks cut its FY2026 EPS estimate to $4.04 from $4.22, FY2027 to $4.41 from $4.67, and FY2028 to $4.89 from $5.23. The reductions lower the projected earnings trajectory for Otis and may pressure valuation.
• Negative Sentiment: Quarterly estimates were also reduced: Q1 2027 EPS fell to $1.02 from $1.05, Q2 2027 to $1.12 from $1.16, Q3 2027 to $1.12 from $1.21, Q4 2027 to $1.15 from $1.24, Q1 2028 to $1.12 from $1.19, and Q2 2028 to $1.26 from $1.31.
• Neutral Sentiment: The revised FY2026 forecast of $4.04 remains close to the broader consensus estimate of $4.02, limiting the immediate significance of the cut but indicating little earnings upside relative to current expectations.

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.