<div id="readability-page-1"><p>Brown Shipley&amp; Co Ltd lessened its holdings in shares of  Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 26.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,845 shares of the company's stock after selling 11,698 shares during the period. Otis Worldwide makes up  about  1.5% of Brown Shipley&amp; Co Ltd's portfolio, making the stock its 18th biggest holding. Brown Shipley&amp; Co Ltd's holdings in Otis Worldwide were worth $2,912,000 at the end of the most recent quarter.</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>A number of other institutional investors have also recently made changes to their positions in OTIS. Ieq Capital LLC boosted its holdings in  Otis Worldwide by 5.3% in the first quarter. Ieq Capital LLC now owns 6,247 shares of the company's stock worth $645,000 after acquiring an additional 314 shares in the last quarter.  Trexquant Investment LP purchased a new position in shares of  Otis Worldwide in the 1st quarter valued at approximately $551,000.  Vident Advisory LLC boosted its stake in  Otis Worldwide by 72.9% in the 1st quarter. Vident Advisory LLC now owns 13,994 shares of the company's stock worth $1,444,000 after purchasing an additional 5,898 shares in the last quarter.  Retirement Planning Co of New England Inc. purchased a new stake in  Otis Worldwide during the 1st quarter worth approximately $429,000.  Finally, EP Wealth Advisors LLC increased its stake in  Otis Worldwide by 12.0% during the 1st quarter. EP Wealth Advisors LLC now owns 7,419 shares of the company's stock valued at $766,000 after purchasing an additional 794 shares in the last quarter. Institutional investors and hedge funds own  88.03% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>A number of brokerages have recently weighed in on OTIS. Wells Fargo &amp; Company dropped their price objective on shares of Otis Worldwide from $95.00 to $92.00 and set an &#34;equal weight&#34; rating on the stock in a report on Monday, December 15th. Wolfe Research  set a $109.00 price target on Otis Worldwide and gave the company an &#34;outperform&#34; rating in a research note on Wednesday, October 8th. Zacks Research raised Otis Worldwide from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, October 14th. BNP Paribas upgraded Otis Worldwide from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Tuesday, December 9th. Finally, Barclays upped their target price on Otis Worldwide from $90.00 to $92.00 and gave the company an &#34;underweight&#34; rating in a research report on Thursday, October 30th. One analyst  has rated the stock with a Strong Buy rating, four have issued  a Buy rating, five have assigned  a Hold rating and one  has assigned  a Sell rating to the stock. According to MarketBeat.com, Otis Worldwide presently has a consensus rating of &#34;Hold&#34; and an average price target of $103.50.</p><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p><b>Check Out Our Latest Stock Report on OTIS</b></p><h2>Insider Buying and Selling at Otis Worldwide</h2><p>In related news, CAO Michael Patrick Ryan sold 3,028 shares of the business's stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $91.69, for a total value of $277,637.32. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders. </p><h2>Otis Worldwide Stock Performance</h2><p>NYSE OTIS opened at $87.94 on Tuesday. The firm has a market capitalization of $34.27 billion, a P/E ratio of 25.94, a PEG ratio of 3.34 and a beta of 1.01. The stock has a 50-day simple moving average of $89.07 and a two-hundred day simple moving average of $90.69. Otis Worldwide Corporation has a fifty-two week low of $84.25 and a fifty-two week high of $106.83. </p><p>Otis Worldwide (NYSE:OTIS - Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.65 billion. Otis Worldwide had a negative return on equity of 30.67% and a net margin of 9.41%.Otis Worldwide's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.  As a group, analysts forecast that  Otis Worldwide Corporation will post 4.04 earnings per share for the current year. </p><h2>Otis Worldwide Announces Dividend</h2><p>The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, November 14th. Otis Worldwide's payout ratio is 49.56%. </p><h2>Otis Worldwide Profile</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 a Family Trust May Be Able To Help Preserve Your Wealth</li><li>Your “birthright claim” just got activated</li><li>Wall Street Stockpicker Names #1 Stock of 2026</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</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>Brown Shipley & Co Ltd reduced its stake in Otis Worldwide Corporation by 26.9% in Q3, holding 31,845 shares valued at $2.91 million. Other institutional investors also adjusted their positions. Analyst ratings for Otis Worldwide vary, with a consensus rating of "Hold" and an average price target of $103.50. The stock opened at $87.94, with a market cap of $34.27 billion and a P/E ratio of 25.94. Otis reported a quarterly EPS of $1.05, exceeding estimates, with revenue up 4% year-over-year.</p>

Brown Shipley& Co Ltd Cuts Stake in Otis Worldwide Corporation $OTIS