Marks Group Wealth Management Inc Invests $1.37 Million in Otis Worldwide Corporation $OTIS

Marks Group Wealth Management Inc purchased a new position in Otis Worldwide Corporation (NYSE:OTIS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,089 shares of the company’s stock, valued at approximately $1,367,000.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Otis Worldwide by 5.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,295 shares of the company’s stock valued at $202,000 after purchasing an additional 123 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake in shares of Otis Worldwide by 4.0% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company’s stock worth $281,000 after buying an additional 124 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Otis Worldwide by 2.7% during the fourth quarter. Moors & Cabot Inc. now owns 4,741 shares of the company’s stock valued at $414,000 after buying an additional 126 shares during the last quarter. Composition Wealth LLC grew its holdings in shares of Otis Worldwide by 4.2% during the fourth quarter. Composition Wealth LLC now owns 3,258 shares of the company’s stock valued at $285,000 after buying an additional 131 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of Otis Worldwide by 2.6% during the fourth quarter. Stephens Inc. AR now owns 5,222 shares of the company’s stock valued at $456,000 after acquiring an additional 132 shares in the last quarter. 88.03% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Otis Worldwide

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

• Negative Sentiment: Zacks cut its FY2026 EPS estimate to $4.04 from $4.22, FY2027 to $4.41 from $4.67, and FY2028 to $4.89 from $5.23. The reductions lower the projected earnings trajectory for Otis and may pressure valuation.
• Negative Sentiment: Quarterly estimates were also reduced: Q1 2027 EPS fell to $1.02 from $1.05, Q2 2027 to $1.12 from $1.16, Q3 2027 to $1.12 from $1.21, Q4 2027 to $1.15 from $1.24, Q1 2028 to $1.12 from $1.19, and Q2 2028 to $1.26 from $1.31.
• Neutral Sentiment: The revised FY2026 forecast of $4.04 remains close to the broader consensus estimate of $4.02, limiting the immediate significance of the cut but indicating little earnings upside relative to current expectations.

Analyst Ratings Changes

A number of brokerages recently weighed in on OTIS. UBS Group set a $105.00 price objective on shares of Otis Worldwide in a report on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday. Morgan Stanley set a $75.00 target price on Otis Worldwide in a report on Monday. Evercore restated an “outperform” rating and issued a $95.00 price target on shares of Otis Worldwide in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a report on Tuesday, July 28th. Four 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $92.91.

Otis Worldwide Stock Down 1.2%

Shares of NYSE OTIS opened at $73.06 on Friday. The firm’s 50-day moving average price is $72.49 and its 200-day moving average price is $78.26. Otis Worldwide Corporation has a 52-week low of $69.16 and a 52-week high of $94.57. The company has a market cap of $27.81 billion, a PE ratio of 18.78, a PEG ratio of 2.60 and a beta of 0.89.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, equities research analysts anticipate that Otis Worldwide Corporation will post 4.03 EPS for the current fiscal year.

Otis Worldwide Announces Dividend

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

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.