TD Waterhouse Canada Inc. Has $1.20 Million Stake in Otis Worldwide Corporation $OTIS

TD Waterhouse Canada Inc. grew its stake in shares of Otis Worldwide Corporation (NYSE:OTIS) by 175.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 17,033 shares of the company’s stock after acquiring an additional 10,842 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Otis Worldwide were worth $1,203,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Pinnacle Financial Partners Inc. boosted its stake in Otis Worldwide by 19.6% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 77,492 shares of the company’s stock worth $7,085,000 after acquiring an additional 12,721 shares during the last quarter. Capital Research Global Investors grew its holdings in Otis Worldwide by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,843,926 shares of the company’s stock valued at $248,417,000 after purchasing an additional 18,189 shares during the period. Lazard Freres Gestion S.A.S. increased its stake in Otis Worldwide by 21.9% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 1,309,160 shares of the company’s stock valued at $114,355,000 after purchasing an additional 235,316 shares in the last quarter. Danske Bank A S increased its stake in Otis Worldwide by 13.3% in the fourth quarter. Danske Bank A S now owns 225,994 shares of the company’s stock valued at $19,741,000 after purchasing an additional 26,500 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd raised its holdings in Otis Worldwide by 172.5% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 98,100 shares of the company’s stock worth $8,569,000 after purchasing an additional 62,100 shares during the period. 88.03% of the stock is currently owned by institutional investors and hedge funds.

More Otis Worldwide News

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.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a research report on Wednesday. Royal Bank Of Canada set a $90.00 price objective on shares of Otis Worldwide in a research report on Tuesday, July 28th. Sanford C. Bernstein dropped their price objective 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. Barclays reduced their target price on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating on the stock in a report on Thursday, April 23rd. Finally, UBS Group set a $105.00 target price on Otis Worldwide in a research note on Thursday, April 23rd. Four equities research 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. According to MarketBeat, Otis Worldwide currently has a consensus rating of “Hold” and a consensus price target of $92.91.

Otis Worldwide Stock Performance

Shares of OTIS stock opened at $73.06 on Friday. The company has a market capitalization of $27.81 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 2.60 and a beta of 0.89. The company’s 50 day moving average price is $72.49 and its two-hundred day moving average price is $78.26. Otis Worldwide Corporation has a 52 week low of $69.16 and a 52 week high of $94.57.

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

Otis Worldwide Dividend Announcement

The business also recently disclosed 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. This represents a $1.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s payout ratio is currently 45.24%.

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.