7,681 Otis Worldwide Corporation $OTIS Shares Bought by Founders Financial Securities LLC

Founders Financial Securities LLC grew its stake in shares of Otis Worldwide Corporation (NYSE:OTIS) by 19.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,697 shares of the company’s stock after buying an additional 7,681 shares during the quarter. Founders Financial Securities LLC’s holdings in Otis Worldwide were worth $3,068,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Financial Solutions Advisory Group Inc. boosted its holdings in shares of Otis Worldwide by 242.1% during the 3rd quarter. Financial Solutions Advisory Group Inc. now owns 21,083 shares of the company’s stock valued at $1,504,000 after buying an additional 14,920 shares in the last quarter. Choreo LLC increased its holdings in Otis Worldwide by 3.1% during the third quarter. Choreo LLC now owns 27,507 shares of the company’s stock valued at $1,769,000 after buying an additional 822 shares during the last quarter. Interchange Capital Partners LLC purchased a new position in Otis Worldwide during the third quarter valued at $205,000. D.A. Davidson & CO. raised its stake in Otis Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 54,862 shares of the company’s stock worth $3,529,000 after acquiring an additional 3,626 shares during the period. Finally, North Dakota State Investment Board increased its stake in Otis Worldwide by 1.4% in the 3rd quarter. North Dakota State Investment Board now owns 11,766 shares of the company’s stock worth $757,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Otis Worldwide Price Performance

Shares of OTIS stock opened at $74.69 on Friday. The company has a market cap of $28.43 billion, a P/E ratio of 18.58, a PEG ratio of 2.56 and a beta of 0.87. The stock’s 50-day moving average is $69.60 and its 200 day moving average is $76.50. Otis Worldwide Corporation has a 1-year low of $63.58 and a 1-year high of $94.57.

Otis Worldwide (NYSE:OTIS) last released its earnings results on Wednesday, October 28th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.85 billion. Otis Worldwide had a negative return on equity of 28.45% and a net margin of 10.28%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. On average, analysts anticipate that Otis Worldwide Corporation will post 4.03 EPS for the current year.

Otis Worldwide News Summary

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

• Positive Sentiment: Otis reported third-quarter adjusted earnings of $1.05 per share and revenue of approximately $3.9 billion, exceeding analyst estimates. Revenue rose 6% year over year, led by an 8% increase in Service sales and a 10% rise in modernization orders. Otis Reports Third Quarter 2026 Results
• Positive Sentiment: Service operating margin improved 100 basis points sequentially to 24.2%, while the company broadly maintained its full-year 2026 outlook. Otis also reported $337 million in quarterly operating cash flow and $272 million in adjusted free cash flow.
• Positive Sentiment: The board declared a quarterly dividend of $0.44 per share, payable December 11, supporting the company’s shareholder-return appeal. Otis has returned approximately $1.3 billion to shareholders through dividends and share repurchases during the year. Otis Declares Quarterly Dividend
• Neutral Sentiment: BNP Paribas raised its price target to $90 from $86, indicating improved expectations, while Evercore ISI lowered its target to $95 from $100. The divergent revisions suggest analysts see upside but remain cautious about execution.
• Negative Sentiment: Adjusted operating profit declined $6 million despite higher sales, reflecting a margin squeeze in New Equipment. China weakness also offset some of the company’s growth, and full-year adjusted earnings guidance was not increased.
• Negative Sentiment: Wells Fargo lowered its price target to $75 from $77 and retained an “underweight” rating, leaving limited implied upside and highlighting continued concerns about profitability.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OTIS. 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a research report on Wednesday, August 12th. 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 raised their target price on shares of Otis Worldwide from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company lowered their price target on Otis Worldwide from $77.00 to $75.00 and set an “underweight” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $91.20.

Otis Worldwide Profile

Otis Worldwide Corporation (NYSE: OTIS) is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.

Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.

The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.