Modera Wealth Management LLC Sells 7,073 Shares of Otis Worldwide Corporation $OTIS

Modera Wealth Management LLC lowered its stake in shares of Otis Worldwide Corporation (NYSE:OTIS) by 11.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 53,481 shares of the company’s stock after selling 7,073 shares during the period. Modera Wealth Management LLC’s holdings in Otis Worldwide were worth $3,440,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Otis Worldwide by 1,583.7% in the third quarter. International Assets Investment Management LLC now owns 33,000 shares of the company’s stock valued at $2,123,000 after buying an additional 31,040 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of Otis Worldwide by 18.2% during the third quarter. CHICAGO TRUST Co NA now owns 12,309 shares of the company’s stock valued at $792,000 after acquiring an additional 1,899 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Otis Worldwide by 187.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 565,450 shares of the company’s stock valued at $36,370,000 after purchasing an additional 368,800 shares during the last quarter. Soltis Investment Advisors LLC raised its position in shares of Otis Worldwide by 2.4% in the third quarter. Soltis Investment Advisors LLC now owns 7,598 shares of the company’s stock valued at $489,000 after buying an additional 176 shares during the last quarter. Finally, Founders Financial Securities LLC lifted its stake in Otis Worldwide by 19.2% in the 3rd quarter. Founders Financial Securities LLC now owns 47,697 shares of the company’s stock worth $3,068,000 after purchasing an additional 7,681 shares in the last quarter. 88.03% of the stock is owned by hedge funds and other institutional investors.

Otis Worldwide News Summary

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

• Positive Sentiment: Otis declared a quarterly dividend of $0.44 per share, payable December 11 to shareholders of record November 13. The annualized payout is $1.76 per share, representing an approximately 2.3% yield and reinforcing the company’s shareholder-return appeal. Otis Declares Quarterly Dividend of $0.44 per Share
• Positive Sentiment: BNP Paribas raised its price target to $90 from $86, indicating improved expectations for the stock despite differing views among analysts. BNP Paribas Adjusts Price Target on Otis Worldwide
• Neutral Sentiment: Otis issued fiscal 2026 EPS guidance of $4.01-$4.05, broadly in line with the $4.04 consensus estimate. Revenue guidance of $15.1-$15.3 billion is slightly below the $15.3 billion consensus at the midpoint, suggesting limited upside expectations.
• Neutral Sentiment: Analyst commentary continues to highlight strong recurring service growth, while comparisons with Albany International focus on valuation, operating performance and business quality rather than a new company-specific catalyst. Otis: Service Growth Is Strong, But Profitability Lags Head-To-Head Contrast: Otis Worldwide and Albany International
• Negative Sentiment: Profitability remains a concern: analysis describes a margin squeeze beneath Otis’s growth, which could limit earnings expansion even if service revenue remains resilient. Otis Q3 Earnings Spotlight: A Margin Squeeze Beneath Growth
• Negative Sentiment: Wells Fargo lowered its price target to $75 from $77 and maintained an “underweight” rating. Evercore ISI also reduced its target to $95 from $100, signaling more limited near-term upside. Wells Fargo Lowers Otis Price Target Evercore ISI Adjusts Price Target

Otis Worldwide Trading Up 1.8%

Shares of NYSE:OTIS opened at $75.93 on Friday. Otis Worldwide Corporation has a twelve month low of $63.58 and a twelve month high of $94.57. The company has a market capitalization of $28.90 billion, a PE ratio of 18.89, a P/E/G ratio of 2.66 and a beta of 0.87. The firm has a 50 day simple moving average of $69.68 and a 200-day simple moving average of $76.43.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings data 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. Otis Worldwide had a net margin of 10.28% and a negative return on equity of 28.45%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Otis Worldwide’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts predict that Otis Worldwide Corporation will post 4.03 EPS for the current fiscal year.

Otis Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be given a $0.44 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.76 annualized dividend and a yield of 2.3%. Otis Worldwide’s dividend payout ratio is 43.78%.

Analysts Set New Price Targets

Several research analysts have recently commented on OTIS shares. Sanford C. Bernstein lifted their price target on Otis Worldwide from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company decreased their price target on Otis Worldwide from $77.00 to $75.00 and set an “underweight” rating on the stock in a research note on Thursday. Evercore reiterated an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a report on Thursday, July 23rd. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a research note on Monday, August 10th. Finally, Royal Bank Of Canada set a $90.00 price objective on Otis Worldwide in a research note on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $91.20.

About Otis Worldwide

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.