<div id="readability-page-1"><p>Occudo Quantitative Strategies LP purchased a new position in  Otis Worldwide Corporation (NYSE:OTIS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 33,644 shares of the company's stock, valued at approximately $3,331,000.</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 also recently bought and sold shares of the company. Berkshire Money Management Inc. raised its holdings in  Otis Worldwide by 5.0% in the second quarter. Berkshire Money Management Inc. now owns 2,100 shares of the company's stock worth $208,000 after buying an additional 100 shares during the last quarter.  Park Avenue Securities LLC increased its position in shares of  Otis Worldwide by 0.8% during the second quarter. Park Avenue Securities LLC now owns 13,876 shares of the company's stock valued at $1,374,000 after acquiring an additional 104 shares in the last quarter.  PFG Investments LLC increased its position in shares of  Otis Worldwide by 3.7% during the second quarter. PFG Investments LLC now owns 3,428 shares of the company's stock valued at $339,000 after acquiring an additional 121 shares in the last quarter.  PKS Advisory Services LLC raised its holdings in  Otis Worldwide by 4.9% in the 2nd quarter. PKS Advisory Services LLC now owns 2,575 shares of the company's stock worth $255,000 after acquiring an additional 121 shares during the last quarter.  Finally, MSH Capital Advisors LLC lifted its position in  Otis Worldwide by 5.4% in the 2nd quarter. MSH Capital Advisors LLC now owns 2,362 shares of the company's stock valued at $234,000 after acquiring an additional 122 shares in the last quarter. 88.03% of the stock is owned by hedge funds and other institutional investors. </p><h2>Insider Activity at Otis Worldwide</h2><p>In other news, CAO Michael Patrick Ryan sold 3,028 shares of Otis Worldwide stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $91.69, for a total transaction of $277,637.32. Following the transaction, the chief accounting officer directly owned 2,628 shares of the company's stock, valued at $240,961.32. The trade was a 53.54% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by company insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p>Several research firms have recently weighed in on OTIS. JPMorgan Chase &amp; Co. boosted their price target on Otis Worldwide from $105.00 to $111.00 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday, October 15th. Barclays lifted their price objective on Otis Worldwide from $90.00 to $92.00 and gave the stock an &#34;underweight&#34; rating in a report on Thursday, October 30th. Wolfe Research  set a $109.00 price target on shares of Otis Worldwide and gave the company an &#34;outperform&#34; rating in a report on Wednesday, October 8th. Zacks Research upgraded shares of Otis Worldwide from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Otis Worldwide in a research report on Monday. One investment analyst  has rated the stock with a Strong Buy rating, four have assigned  a Buy rating, five have issued  a Hold rating and one  has assigned  a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of &#34;Hold&#34; and a consensus target price of $103.88.</p><p><b>Check Out Our Latest Stock Report on OTIS</b></p><h2>Otis Worldwide Stock Down 0.2%</h2><p>Shares of NYSE:OTIS opened at $87.71 on Friday. The stock has a market capitalization of $34.18 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 3.35 and a beta of 1.01. The firm's 50 day moving average price is $89.75 and its 200-day moving average price is $91.40. Otis Worldwide Corporation has a twelve month low of $84.25 and a twelve month high of $106.83. </p><p>Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.05. The business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.65 billion. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.  Analysts expect that  Otis Worldwide Corporation will post 4.04 earnings per share for the current fiscal year. </p><h2>Otis Worldwide Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were given a $0.42 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. Otis Worldwide's dividend payout ratio  is presently 49.56%. </p><h2>About Otis Worldwide</h2> (Free Report)<p>Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.</p><h2>See Also</h2><ul><li>Five stocks we like better than Otis Worldwide</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>Dividend Powerhouses: 3 Blue-Chip Stocks Built for the Long Haul</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>3 Recently Downgraded Stocks to Avoid in 2026</li><li>What is a Microcap Stock? Everything You Need to Know </li><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</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>Occudo Quantitative Strategies LP acquired 33,644 shares of Otis Worldwide Corporation, valued at $3.33 million, in the second quarter. This move is part of a broader trend of institutional investors increasing their holdings in Otis. The stock has mixed analyst ratings, with a consensus target price of $103.88. Otis recently reported earnings that exceeded expectations, with a net margin of 9.41% and revenue growth of 4% year-over-year.</p>

Occudo Quantitative Strategies LP Takes $3.33 Million Position in Otis Worldwide Corporation $OTIS