Entropy Technologies LP Raises Stock Position in Otis Worldwide Corporation $OTIS

Entropy Technologies LP lifted its stake in shares of Otis Worldwide Corporation (NYSE:OTIS) by 215.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,667 shares of the company’s stock after buying an additional 57,837 shares during the quarter. Entropy Technologies LP’s holdings in Otis Worldwide were worth $7,396,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Cookson Peirce & Co. Inc. lifted its position in shares of Otis Worldwide by 1.8% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company’s stock worth $605,000 after buying an additional 115 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Otis Worldwide by 5.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,295 shares of the company’s stock worth $202,000 after buying an additional 123 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its position in shares of Otis Worldwide by 4.0% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company’s stock worth $281,000 after buying an additional 124 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Otis Worldwide by 2.7% during the 4th quarter. Moors & Cabot Inc. now owns 4,741 shares of the company’s stock worth $414,000 after buying an additional 126 shares during the last quarter. Finally, Composition Wealth LLC lifted its position in shares of Otis Worldwide by 4.2% during the 4th quarter. Composition Wealth LLC now owns 3,258 shares of the company’s stock worth $285,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley set a $88.00 price objective on shares of Otis Worldwide in a research report on Friday, April 24th. Evercore assumed coverage on shares of Otis Worldwide in a research report on Monday, April 13th. They set an “outperform” rating and a $100.00 price objective for the company. Royal Bank Of Canada reduced their price objective on shares of Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Sanford C. Bernstein assumed coverage on shares of Otis Worldwide in a research report on Tuesday. They issued an “outperform” rating and a $97.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $97.58.

Otis Worldwide Price Performance

OTIS stock opened at $70.77 on Friday. The company has a fifty day moving average price of $75.04 and a 200 day moving average price of $83.13. Otis Worldwide Corporation has a 12 month low of $69.16 and a 12 month high of $101.42. The company has a market cap of $27.16 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings results 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 net margin of 10.11% and a negative return on equity of 29.39%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $0.92 EPS. The firm’s revenue for the quarter 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. As a group, analysts anticipate that Otis Worldwide Corporation will post 4.2 earnings per share for the current year.

Otis Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 15th were given a $0.44 dividend. This is a positive change from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, May 15th. This represents a $1.76 annualized dividend and a yield of 2.5%. Otis Worldwide’s payout ratio is currently 46.81%.

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.