MSH Capital Advisors LLC Acquires New Holdings in Otis Worldwide Corporation $OTIS

MSH Capital Advisors LLC purchased a new stake in shares of Otis Worldwide Corporation (NYSE:OTIS) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 7,755 shares of the company’s stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide in the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Otis Worldwide during the 4th quarter worth about $27,000. MidFirst Bank bought a new position in Otis Worldwide in the second quarter worth approximately $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Otis Worldwide in the 2nd quarter valued at $28,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Otis Worldwide by 1,910.0% during the second quarter. Elevation Wealth Partners LLC now owns 402 shares of the company’s stock valued at $29,000 after buying an additional 382 shares during the last quarter. 88.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OTIS has been the topic of several analyst reports. UBS Group set a $105.00 target price on Otis Worldwide in a research report on Thursday, April 23rd. Barclays decreased 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 note on Thursday, April 23rd. Sanford C. Bernstein cut their target price on Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Royal Bank Of Canada set a $90.00 target price on Otis Worldwide in a report on Tuesday, July 28th. Finally, Morgan Stanley set a $75.00 price target on Otis Worldwide in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.91.

Otis Worldwide Stock Performance

Shares of NYSE OTIS opened at $72.15 on Thursday. The stock has a market cap of $27.46 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.48 and a beta of 0.89. Otis Worldwide Corporation has a fifty-two week low of $69.16 and a fifty-two week high of $94.57. The stock has a fifty day moving average of $72.59 and a 200-day moving average of $77.76.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, sell-side analysts predict that Otis Worldwide Corporation will post 4.03 EPS for the current year.

Otis Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be given a $0.44 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.76 annualized dividend and a yield of 2.4%. Otis Worldwide’s payout ratio is 45.24%.

About Otis Worldwide

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.