Entropy Technologies LP Reduces Position in Otis Worldwide Corporation $OTIS

Posted by ABMN Staff on Jul 27th, 2026

Entropy Technologies LP decreased its stake in shares of Otis Worldwide Corporation (NYSE:OTIS – Free Report) by 62.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,787 shares of the company’s stock after selling 52,880 shares during the quarter. Entropy Technologies LP’s holdings in Otis Worldwide were worth $2,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Camelot Portfolios LLC acquired a new stake in shares of Otis Worldwide during the fourth quarter worth $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Otis Worldwide in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Otis Worldwide in the 4th quarter valued at $33,000. Reflection Asset Management purchased a new position in Otis Worldwide in the 4th quarter worth $34,000. Finally, MidFirst Bank purchased a new position in Otis Worldwide in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Otis Worldwide Price Performance

Shares of Otis Worldwide stock opened at $71.94 on Monday. The firm has a fifty day moving average price of $71.95 and a 200 day moving average price of $79.90. Otis Worldwide Corporation has a 1 year low of $69.16 and a 1 year high of $94.57. The stock has a market cap of $27.39 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, equities analysts expect that Otis Worldwide Corporation will post 4 EPS for the current year.

Otis Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.4%. Otis Worldwide’s dividend payout ratio (DPR) is presently 45.24%.

Analysts Set New Price Targets

OTIS has been the subject of a number of research reports. Weiss Ratings cut Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wells Fargo & Company cut their price objective on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Evercore restated an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday. Morgan Stanley set a $88.00 target price on Otis Worldwide in a report on Friday, April 24th. Finally, UBS Group set a $105.00 target price on Otis Worldwide in a report on Thursday, April 23rd. Four investment 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’s stock. According to data from MarketBeat.com, Otis Worldwide has an average rating of “Hold” and a consensus target price of $95.45.

Get Our Latest Stock Report on OTIS

Key Stories Impacting Otis Worldwide

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

Positive Sentiment: Otis’ service segment remains the main growth driver, with modernization up 24% and maintenance trends accelerating, while backlog and order momentum in the Americas support the longer-term outlook. Otis Worldwide: Don’t Expect Meaningful Upside Near-Term, But I Remain Bullish
Positive Sentiment: Otis declared a quarterly dividend of $0.44 per share, reinforcing its cash-return profile for income-focused investors. Otis Declares Quarterly Dividend of $0.44 per Share
Neutral Sentiment: The stock is trading below recent historical valuation levels after a sizable year-to-date decline, which may interest value investors but does not change the near-term operating challenges. Is Otis Stock Attractive After Guidance Cuts and Its 19% YTD Slide?
Neutral Sentiment: Analysts continue to rate Otis as a “Hold,” reflecting a balanced view between steady service growth and weaker equipment demand. Otis Worldwide Corporation (NYSE:OTIS) Given Consensus Rating of “Hold” by Analysts
Negative Sentiment: Recent earnings commentary points to contracting margins, weaker New Equipment demand, and continued drag from China, which is why investors are focusing on the guidance cut rather than the revenue beat. Otis Worldwide: Strong Service Growth Still Needs To Show Margin Expansion

About Otis Worldwide

(Free Report)

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.