<div id="readability-page-1"><p>HM Payson &amp; Co. trimmed its position in  Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 15.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,726 shares of the company's stock after selling 12,010 shares during the quarter. HM Payson &amp; Co.'s holdings in Otis Worldwide were worth $6,009,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>Otis Worldwide</strong> alerts:</span></p></div><ul><li>Why Otis Worldwide Stock Keeps Going Up</li></ul><p>Several other institutional investors and hedge funds have also made changes to their positions in the company. Chesapeake Asset Management LLC raised its holdings in shares of  Otis Worldwide by 88.2% during the third quarter. Chesapeake Asset Management LLC now owns 747 shares of the company's stock worth $68,000 after purchasing an additional 350 shares during the period.  Perigon Wealth Management LLC increased its position in  Otis Worldwide by 8.3% in the third quarter. Perigon Wealth Management LLC now owns 14,547 shares of the company's stock worth $1,330,000 after buying an additional 1,112 shares during the period.  Carnegie Investment Counsel lifted its stake in  Otis Worldwide by 19.9% in the third quarter. Carnegie Investment Counsel now owns 234,368 shares of the company's stock valued at $21,428,000 after buying an additional 38,931 shares during the last quarter.  HBK Sorce Advisory LLC boosted its holdings in shares of  Otis Worldwide by 27.2% during the third quarter. HBK Sorce Advisory LLC now owns 4,364 shares of the company's stock valued at $399,000 after acquiring an additional 934 shares during the period.  Finally, Blue Trust Inc. grew its position in shares of  Otis Worldwide by 19.1% during the third quarter. Blue Trust Inc. now owns 1,705 shares of the company's stock worth $156,000 after acquiring an additional 274 shares during the last quarter. 88.03% of the stock is owned by institutional investors and hedge funds. </p><h2>Otis Worldwide Trading Down 0.3%</h2><p>Shares of Otis Worldwide stock opened at $87.61 on Monday. Otis Worldwide Corporation has a 52 week low of $84.25 and a 52 week high of $106.83. The stock has a market cap of $34.14 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.34 and a beta of 1.01. The company's 50-day moving average price is $89.14 and its two-hundred day moving average price is $90.76. </p><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p>Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.05. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The business's revenue was up 4.0% compared to the same quarter last year. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.  On average, equities analysts predict that  Otis Worldwide Corporation will post 4.04 EPS for the current fiscal year. </p><h2>Otis Worldwide Announces Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, November 14th. Otis Worldwide's dividend payout ratio  is 49.56%. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of research analysts have issued reports on OTIS shares. BNP Paribas Exane raised shares of Otis Worldwide from a &#34;neutral&#34; rating to an &#34;outperform&#34; rating and set a $105.00 target price for the company in a research note on Tuesday, December 9th. Wells Fargo &amp; Company reduced their price objective on Otis Worldwide from $95.00 to $92.00 and set an &#34;equal weight&#34; rating for the company in a research report on Monday, December 15th. Wolfe Research  set a $109.00 price target on Otis Worldwide and gave the stock an &#34;outperform&#34; rating in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Otis Worldwide from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Saturday, December 13th. Finally, BNP Paribas upgraded shares of Otis Worldwide from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Tuesday, December 9th. One research analyst  has rated the stock with a Strong Buy rating, four have assigned  a Buy rating, five have given a Hold rating and one  has issued  a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of &#34;Hold&#34; and an average price target of $103.50.</p><p><b>View Our Latest Research Report on Otis Worldwide</b></p><h2>Insider Buying and Selling at Otis Worldwide</h2><p>In related news, CAO Michael Patrick Ryan sold 3,028 shares of Otis Worldwide stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $91.69, for a total value of $277,637.32. Following the transaction, the chief accounting officer directly owned 2,628 shares in the company, valued at $240,961.32. The trade was a 53.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by corporate insiders. </p><h2>About Otis Worldwide</h2> (Free Report)<p>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.  </p><p>In addition to new equipment sales, a significant portion of Otis's business derives from long-term service contracts and responsive maintenance work.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Otis Worldwide</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Otis Worldwide Right Now?</h2><p>Before you consider Otis Worldwide, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Otis Worldwide wasn't on the list.</p><p>While Otis Worldwide currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

OTIS

<p>HM Payson & Co. reduced its stake in Otis Worldwide Corporation (NYSE:OTIS) by 15.4% in Q3, now holding 65,726 shares valued at $6,009,000. Other institutional investors also adjusted their positions, with Chesapeake Asset Management increasing its holdings by 88.2%. Otis Worldwide's stock opened at $87.61, with a market cap of $34.14 billion. The company reported Q3 earnings of $1.05 EPS, exceeding estimates, and announced a quarterly dividend of $0.42 per share. Analysts have varied ratings on the stock, with some upgrades noted recently.</p>

Otis Worldwide Corporation $OTIS Stock Position Reduced by HM Payson & Co.