Longfellow Investment Management Co. LLC Acquires Shares of 14,965 Otis Worldwide Corporation $OTIS

Longfellow Investment Management Co. LLC bought a new stake in shares of Otis Worldwide Corporation (NYSE:OTIS) in the second quarter, HoldingsChannel reports. The institutional investor bought 14,965 shares of the company’s stock, valued at approximately $1,071,000.

Several other large investors also recently modified their holdings of OTIS. Camelot Portfolios LLC bought a new position in shares of Otis Worldwide in the fourth quarter worth $26,000. Garton & Associates Financial Advisors LLC bought a new stake in Otis Worldwide during the fourth quarter worth about $27,000. Elevation Wealth Partners LLC grew its stake in Otis Worldwide by 1,910.0% during the second quarter. Elevation Wealth Partners LLC now owns 402 shares of the company’s stock worth $29,000 after buying an additional 382 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Otis Worldwide in the 4th quarter valued at about $33,000. Finally, Reflection Asset Management bought a new position in Otis Worldwide in the 4th quarter valued at about $34,000. 88.03% of the stock is owned by institutional investors and hedge funds.

Key Otis Worldwide News

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

• Positive Sentiment: Despite the cuts, Zacks Research still projects earnings growth from approximately $4.04 per share in fiscal 2026 to $4.41 in fiscal 2027 and $4.89 in fiscal 2028. The fiscal 2026 estimate is also slightly above the broader consensus of $4.03 per share. Otis Worldwide analyst estimates
• Neutral Sentiment: An MSN page provides updated analyst estimates and ratings for Otis Worldwide, but the supplied information does not specify individual analyst recommendations or price targets. Otis Worldwide stock: Analyst estimates and ratings
• Negative Sentiment: Zacks lowered its fiscal 2026 EPS forecast to $4.04 from $4.22, fiscal 2027 to $4.41 from $4.67, and fiscal 2028 to $4.89 from $5.23. These reductions point to weaker expected profitability than previously forecast.
• Negative Sentiment: Quarterly estimates were also reduced: Q3 2026 EPS fell to $1.01 from $1.14, Q4 2026 to $1.13 from $1.18, and Q1 2027 to $1.02 from $1.05. Additional cuts affected Q2 and Q3 2027, Q4 2027, and the first two quarters of 2028.

Otis Worldwide Stock Performance

Shares of NYSE:OTIS opened at $72.61 on Monday. The company has a fifty day moving average of $72.54 and a 200-day moving average of $78.13. The company has a market capitalization of $27.64 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.56 and a beta of 0.89. Otis Worldwide Corporation has a 52-week low of $69.16 and a 52-week high of $94.57.

Otis Worldwide (NYSE:OTIS) last announced 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 company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the company earned $1.05 EPS. Otis Worldwide’s revenue was up 7.3% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, equities analysts forecast that Otis Worldwide Corporation will post 4.03 EPS for the current fiscal year.

Otis Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OTIS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a report on Wednesday. UBS Group set a $105.00 price objective on shares of Otis Worldwide in a research note on Thursday, April 23rd. Evercore restated an “outperform” rating and set a $95.00 price objective on shares of Otis Worldwide in a research report on Thursday, July 23rd. Royal Bank Of Canada set a $90.00 target price on Otis Worldwide in a research note on Tuesday, July 28th. Finally, Morgan Stanley set a $75.00 target price on Otis Worldwide in a report on Monday, August 10th. Four investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.91.

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.