Bank of New York Mellon Corp Has $274.33 Million Stake in Otis Worldwide Corporation $OTIS

Bank of New York Mellon Corp raised its position in Otis Worldwide Corporation (NYSE:OTIS) by 7.3% in the third quarter, HoldingsChannel.com reports. The fund owned 3,000,452 shares of the company’s stock after purchasing an additional 202,967 shares during the quarter. Bank of New York Mellon Corp’s holdings in Otis Worldwide were worth $274,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Otis Worldwide in the 3rd quarter valued at about $26,000. Chilton Capital Management LLC acquired a new position in Otis Worldwide during the second quarter worth approximately $31,000. Nemes Rush Group LLC raised its stake in Otis Worldwide by 75.4% in the second quarter. Nemes Rush Group LLC now owns 314 shares of the company’s stock valued at $31,000 after buying an additional 135 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Otis Worldwide in the third quarter valued at approximately $31,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Otis Worldwide in the second quarter valued at approximately $40,000. Institutional investors own 88.03% of the company’s stock.

Otis Worldwide Stock Performance

OTIS opened at $87.13 on Friday. The stock has a fifty day moving average of $88.45 and a 200-day moving average of $89.43. The company has a market capitalization of $33.96 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.56 and a beta of 1.02. Otis Worldwide Corporation has a fifty-two week low of $84.00 and a fifty-two week high of $106.83.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.03 EPS for the quarter, hitting analysts’ consensus estimates of $1.03. Otis Worldwide had a net margin of 9.59% and a negative return on equity of 30.42%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period last year, the firm earned $0.93 earnings per share. Otis Worldwide’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Otis Worldwide Corporation will post 4.04 earnings per share for the current fiscal year.

Otis Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, February 13th. Otis Worldwide’s payout ratio is presently 49.56%.

Insider Activity

In related news, CAO Michael Patrick Ryan sold 3,028 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $91.69, for a total transaction of $277,637.32. Following the sale, the chief accounting officer owned 2,628 shares of the company’s stock, valued at $240,961.32. This represents a 53.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OTIS shares. JPMorgan Chase & Co. boosted their target price on Otis Worldwide from $111.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. BNP Paribas Exane upgraded shares of Otis Worldwide from a “neutral” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Tuesday, December 9th. Zacks Research raised shares of Otis Worldwide from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Otis Worldwide in a report on Monday, December 29th. Finally, Wolfe Research set a $109.00 price target on shares of Otis Worldwide and gave the company an “outperform” rating in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Otis Worldwide presently has a consensus rating of “Hold” and an average target price of $104.13.

Trending Headlines about Otis Worldwide

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

• Positive Sentiment: Service-led momentum: Service net sales grew ~8% in Q4 (organic +5%), maintenance & repair up, and service operating margins improved — supporting higher-margin recurring revenue and the company’s 2026 outlook. OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
• Positive Sentiment: Strong cash generation and capital returns: Q4 operating cash flow was $817M and full-year adjusted free cash flow ~$1.6B; the company repurchased roughly $800M of stock in 2025 — a positive for shareholder returns. OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
• Positive Sentiment: Quarterly dividend declared: Board declared a $0.42/share quarterly cash dividend, which may support income-oriented investor demand. Otis Declares Quarterly Dividend of $0.42 per Share
• Neutral Sentiment: Earnings mostly met expectations: Q4 adjusted EPS of $1.03 matched consensus, showing year-over-year EPS improvement but little upside surprise. Otis Worldwide (OTIS) Q4 Earnings Match Estimates
• Neutral Sentiment: 2026 outlook: Management expects organic sales up low-to-mid single digits and adjusted EPS up mid-to-high single digits with adj. FCF $1.6–$1.7B — guidance is constructive but revenue range is roughly centered with Street estimates, so market reaction depends on execution. OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
• Negative Sentiment: Revenue miss and new equipment weakness: Q4 revenue was $3.80B vs. consensus ~$3.88B, led by softer New Equipment sales — this top-line shortfall pressured the stock. Otis misses Q4 estimates, shares dip as revenue falls short
• Negative Sentiment: Softer demand in China and new equipment exposure: Several reports note weaker sales in China and a pullback in new equipment orders, increasing near-term growth uncertainty. Otis Worldwide shares slide after Q4 revenue miss, softer sales in China

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.