Otis Worldwide Corporation $OTIS Shares Purchased by Erste Asset Management GmbH

14 Aug 2026, 08:26 by Michael Walen · The Markets Daily

Erste Asset Management GmbH grew its position in Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 88.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 337,299 shares of the company’s stock after buying an additional 158,623 shares during the period. Erste Asset Management GmbH’s holdings in Otis Worldwide were worth $24,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide during the fourth quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in Otis Worldwide in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Otis Worldwide in the 4th quarter valued at approximately $33,000. Reflection Asset Management acquired a new stake in Otis Worldwide in the 4th quarter valued at approximately $34,000. Finally, MidFirst Bank bought a new stake in Otis Worldwide during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 88.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OTIS shares. Royal Bank Of Canada set a $90.00 price target on 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 note on Thursday, July 23rd. Weiss Ratings downgraded shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Sanford C. Bernstein lowered their target price on shares of Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Morgan Stanley set a $75.00 target price on shares of Otis Worldwide in a research note on Monday. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $92.91.

Check Out Our Latest Report on Otis Worldwide

Otis Worldwide News Summary

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 Stock Performance

Shares of NYSE OTIS opened at $73.06 on Friday. Otis Worldwide Corporation has a 1 year low of $69.16 and a 1 year high of $94.57. The firm has a market cap of $27.81 billion, a P/E ratio of 18.78, a PEG ratio of 2.60 and a beta of 0.89. The stock has a fifty day moving average price of $72.49 and a two-hundred day moving average price of $78.26.

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

Otis Worldwide Announces Dividend

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

Otis Worldwide Company Profile

(Free Report)

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.