Landscape Capital Management L.L.C. Takes Position in Otis Worldwide Corporation $OTIS

Landscape Capital Management L.L.C. bought a new position in shares of Otis Worldwide Corporation (NYSE:OTIS) during the fourth quarter, Holdings Channel.com reports. The fund bought 24,875 shares of the company’s stock, valued at approximately $2,173,000.

A number of other institutional investors have also made changes to their positions in OTIS. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide during the 4th quarter worth approximately $26,000. Stance Capital LLC acquired a new position in shares of Otis Worldwide during the 3rd quarter worth approximately $27,000. Elevation Wealth Partners LLC acquired a new position in shares of Otis Worldwide during the 4th quarter worth approximately $32,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Otis Worldwide during the 4th quarter worth approximately $33,000. Finally, Board of the Pension Protection Fund acquired a new position in shares of Otis Worldwide during the 4th quarter worth approximately $35,000. 88.03% of the stock is owned by institutional investors and hedge funds.

Otis Worldwide Price Performance

Otis Worldwide stock opened at $70.77 on Monday. The stock’s fifty day moving average price is $75.04 and its two-hundred day moving average price is $83.10. Otis Worldwide Corporation has a one year low of $69.16 and a one year high of $101.42. The firm has a market cap of $27.16 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91.

Otis Worldwide (NYSE:OTIS) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the business earned $0.92 EPS. Otis Worldwide’s revenue was up 6.4% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Sell-side analysts expect that Otis Worldwide Corporation will post 4.2 earnings per share for the current fiscal year.

Otis Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 15th were paid a dividend of $0.44 per share. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, May 15th. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. Otis Worldwide’s dividend payout ratio is 46.81%.

Analysts Set New Price Targets

OTIS has been the topic of a number of recent analyst reports. 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. Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Sanford C. Bernstein assumed coverage on Otis Worldwide in a report on Tuesday, June 9th. They set an “outperform” rating and a $97.00 target price on the stock. UBS Group set a $105.00 target price on Otis Worldwide in a research report on Thursday, April 23rd. Finally, Morgan Stanley set a $88.00 target price on Otis Worldwide in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $97.58.

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.