Caxton Associates LLP Purchases 7,754 Shares of Otis Worldwide Corporation $OTIS

Caxton Associates LLP boosted its position in Otis Worldwide Corporation (NYSE:OTIS) by 17.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,813 shares of the company’s stock after purchasing an additional 7,754 shares during the period. Caxton Associates LLP’s holdings in Otis Worldwide were worth $4,071,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Camelot Portfolios LLC purchased a new stake in shares of Otis Worldwide during the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Otis Worldwide in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Otis Worldwide during the fourth quarter valued at approximately $33,000. Reflection Asset Management bought a new stake in Otis Worldwide during the fourth quarter valued at approximately $34,000. Finally, MidFirst Bank purchased a new stake in Otis Worldwide during the fourth quarter valued at approximately $35,000. 88.03% of the stock is currently owned by institutional investors.

Otis Worldwide Stock Performance

OTIS opened at $70.87 on Friday. The stock has a market cap of $27.20 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.61 and a beta of 0.90. The firm’s fifty day moving average is $71.94 and its 200 day moving average is $80.02. Otis Worldwide Corporation has a fifty-two week low of $69.16 and a fifty-two week high of $94.57.

Otis Worldwide (NYSE:OTIS) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $1.05 earnings per share. The business’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. On average, equities research analysts predict that Otis Worldwide Corporation will post 4.03 earnings per share for the current year.

Otis Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s dividend payout ratio (DPR) is 46.81%.

More Otis Worldwide News

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

• Positive Sentiment: Otis beat Q2 estimates, with EPS of $1.01 matching consensus and revenue of $3.86 billion coming in above forecasts. Article Title
• Positive Sentiment: Service sales remained a bright spot, rising 11% in the quarter, while modernization orders increased and backlog grew 24% year over year, supporting longer-term demand visibility. Article Title
• Positive Sentiment: The board declared a quarterly dividend of $0.44 per share, reinforcing shareholder returns. Article Title
• Neutral Sentiment: Otis raised its full-year revenue outlook to about $15.1 billion-$15.3 billion, but management’s new EPS guidance of $4.01-$4.05 was below prior expectations, limiting enthusiasm. Article Title
• Negative Sentiment: The market is reacting to another guidance cut, which points to margin strain and cost pressures even as sales improved. Article Title
• Negative Sentiment: New Equipment weakness and lower adjusted operating profit suggest the turnaround is still incomplete, weighing on investor sentiment. Article Title

Analyst Upgrades and Downgrades

OTIS has been the topic of several recent research reports. Weiss Ratings downgraded shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wolfe Research lowered Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 8th. Wells Fargo & Company decreased their target price 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. Royal Bank Of Canada lowered 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. Finally, Morgan Stanley set a $88.00 price target on Otis Worldwide in a report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $95.45.

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.