Bryn Mawr Trust Advisors LLC Makes New Investment in Otis Worldwide Corporation $OTIS

Bryn Mawr Trust Advisors LLC acquired a new stake in Otis Worldwide Corporation (NYSE:OTIS) during the second quarter, HoldingsChannel.com reports. The fund acquired 82,600 shares of the company’s stock, valued at approximately $5,914,000.

A number of other hedge funds have also bought and sold shares of the company. Pinnacle Financial Partners Inc. lifted its stake in Otis Worldwide by 19.6% in the third quarter. Pinnacle Financial Partners Inc. now owns 77,492 shares of the company’s stock valued at $7,085,000 after buying an additional 12,721 shares during the period. Capital Research Global Investors grew its position in shares of Otis Worldwide by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,843,926 shares of the company’s stock worth $248,417,000 after buying an additional 18,189 shares during the period. Lazard Freres Gestion S.A.S. grew its position in shares of Otis Worldwide by 21.9% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 1,309,160 shares of the company’s stock worth $114,355,000 after buying an additional 235,316 shares during the period. Danske Bank A S increased its stake in shares of Otis Worldwide by 13.3% in the 4th quarter. Danske Bank A S now owns 225,994 shares of the company’s stock valued at $19,741,000 after acquiring an additional 26,500 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd grew its holdings in Otis Worldwide by 172.5% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 98,100 shares of the company’s stock worth $8,569,000 after purchasing an additional 62,100 shares during the period. Institutional investors own 88.03% of the company’s stock.

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 OTIS stock opened at $72.61 on Friday. The company has a market capitalization of $27.64 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.57 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. The company has a 50-day simple moving average of $72.54 and a two-hundred day simple moving average of $78.22.

Otis Worldwide (NYSE:OTIS) last released its earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Otis Worldwide’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, sell-side analysts forecast that Otis Worldwide Corporation will post 4.03 EPS for the current fiscal year.

Otis Worldwide Dividend Announcement

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

Analyst Ratings Changes

OTIS has been the subject of several research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Otis Worldwide in a research note on Thursday, July 23rd. Sanford C. Bernstein dropped their price target on Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Barclays reduced their price objective on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a research note on Thursday, April 23rd. UBS Group set a $105.00 target price on Otis Worldwide in a research report on Thursday, April 23rd. Finally, Morgan Stanley set a $75.00 price objective on shares of Otis Worldwide in a report on Monday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.91.

Otis Worldwide 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.