Banque Cantonale Vaudoise Makes New $706,000 Investment in Otis Worldwide Corporation $OTIS

Banque Cantonale Vaudoise acquired a new stake in Otis Worldwide Corporation (NYSE:OTIS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,157 shares of the company’s stock, valued at approximately $706,000.

Several other large investors have also recently added to or reduced their stakes in OTIS. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide during the 4th quarter valued at about $26,000. Stance Capital LLC acquired a new stake in shares of Otis Worldwide in the third quarter worth approximately $27,000. Garton & Associates Financial Advisors LLC purchased a new stake in Otis Worldwide in the fourth quarter valued at approximately $27,000. Elevation Wealth Partners LLC purchased a new stake in Otis Worldwide in the fourth quarter valued at approximately $32,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Otis Worldwide in the fourth quarter valued at approximately $33,000. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OTIS. Evercore started coverage on shares of Otis Worldwide in a research note on Monday, April 13th. They set an “outperform” rating and a $100.00 price target on the stock. Barclays dropped their price objective on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada cut their target price on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Wolfe Research cut Otis Worldwide from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 8th. Finally, Morgan Stanley set a $88.00 price target on Otis Worldwide in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $97.58.

Otis Worldwide Stock Down 0.4%

OTIS opened at $73.32 on Friday. Otis Worldwide Corporation has a 52-week low of $69.16 and a 52-week high of $101.42. The company has a 50 day moving average of $73.67 and a two-hundred day moving average of $82.09. The company has a market cap of $28.13 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.39 and a beta of 0.91.

Otis Worldwide (NYSE:OTIS) last posted its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Research analysts anticipate that Otis Worldwide Corporation will post 4.2 earnings per share for the current year.

Otis Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 15th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Otis Worldwide’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 2.4%. Otis Worldwide’s dividend payout ratio (DPR) is currently 46.81%.

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.