MASTERINVEST Kapitalanlage GmbH Purchases New Position in Otis Worldwide Corporation $OTIS

MASTERINVEST Kapitalanlage GmbH acquired a new stake in Otis Worldwide Corporation (NYSE:OTIS) in the second quarter, according to its most recent filing with the SEC. The fund acquired 10,918 shares of the company’s stock, valued at approximately $782,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Otis Worldwide during the 2nd quarter worth about $2,264,017,000. Norges Bank bought a new stake in shares of Otis Worldwide during the fourth quarter valued at about $770,125,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Otis Worldwide during the second quarter valued at about $423,739,000. Canada Pension Plan Investment Board purchased a new stake in shares of Otis Worldwide in the second quarter worth about $223,003,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Otis Worldwide in the second quarter valued at approximately $196,298,000. 88.03% of the stock is owned by institutional investors.

Otis Worldwide Stock Performance

OTIS stock opened at $71.77 on Friday. The company has a market capitalization of $27.32 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89. Otis Worldwide Corporation has a one year low of $69.16 and a one year high of $94.57. The company’s 50 day moving average price is $72.54 and its two-hundred day moving average price is $77.02.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings data 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 analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s 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, research analysts predict that Otis Worldwide Corporation will post 4.03 EPS for the current year.

Otis Worldwide Announces Dividend

The business also recently disclosed 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 2.5%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s dividend payout ratio (DPR) is 45.24%.

Analysts Set New Price Targets

Several equities analysts recently commented on OTIS shares. Sanford C. Bernstein reduced their price objective on shares of Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a report on Monday, August 10th. Royal Bank Of Canada set a $90.00 price target on shares of Otis Worldwide in a report on Tuesday, July 28th. Finally, Evercore reiterated an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company 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.