State of Wyoming Invests $571,000 in Otis Worldwide Corporation $OTIS

State of Wyoming bought a new position in shares of Otis Worldwide Corporation (NYSE:OTIS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,978 shares of the company’s stock, valued at approximately $571,000.

Other large investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in Otis Worldwide in the 2nd quarter worth approximately $1,677,000. Stoneridge Investment Partners LLC bought a new position in shares of Otis Worldwide during the second quarter worth $582,000. Clearstead Trust LLC bought a new position in shares of Otis Worldwide during the second quarter worth $58,000. Everett Harris & Co. CA purchased a new position in Otis Worldwide during the second quarter valued at $349,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Otis Worldwide during the second quarter valued at $1,454,000. 88.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on OTIS. Royal Bank Of Canada set a $90.00 price target on shares of Otis Worldwide in a research note on Tuesday, July 28th. 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. UBS Group set a $105.00 target price on Otis Worldwide in a report on Thursday, April 23rd. Morgan Stanley set a $75.00 target price on Otis Worldwide in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.91.

Otis Worldwide Stock Down 0.0%

OTIS stock opened at $72.61 on Monday. Otis Worldwide Corporation has a 52 week low of $69.16 and a 52 week high of $94.57. The firm has a market capitalization of $27.64 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 2.56 and a beta of 0.89. The company has a fifty day simple moving average of $72.54 and a two-hundred day simple moving average of $78.13.

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

Otis Worldwide Announces Dividend

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

Trending Headlines about Otis Worldwide

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

• Positive Sentiment: Despite the cuts, Zacks Research still projects earnings growth from approximately $4.04 per share in fiscal 2026 to $4.41 in fiscal 2027 and $4.89 in fiscal 2028. The fiscal 2026 estimate is also slightly above the broader consensus of $4.03 per share. Otis Worldwide analyst estimates
• Neutral Sentiment: An MSN page provides updated analyst estimates and ratings for Otis Worldwide, but the supplied information does not specify individual analyst recommendations or price targets. Otis Worldwide stock: Analyst estimates and ratings
• Negative Sentiment: Zacks lowered its fiscal 2026 EPS forecast to $4.04 from $4.22, fiscal 2027 to $4.41 from $4.67, and fiscal 2028 to $4.89 from $5.23. These reductions point to weaker expected profitability than previously forecast.
• Negative Sentiment: Quarterly estimates were also reduced: Q3 2026 EPS fell to $1.01 from $1.14, Q4 2026 to $1.13 from $1.18, and Q1 2027 to $1.02 from $1.05. Additional cuts affected Q2 and Q3 2027, Q4 2027, and the first two quarters of 2028.

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.