<div id="readability-page-1"><p>Louisbourg Investments Inc. raised its position in shares of  Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 174.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,131 shares of the company's stock after acquiring an additional 37,590 shares during the period. Louisbourg Investments Inc.'s holdings in Otis Worldwide were worth $5,406,000 at the end of the most recent reporting period.</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 also recently added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new position in shares of  Otis Worldwide in the 2nd quarter valued at about $31,000.  Nemes Rush Group LLC increased its position in  Otis Worldwide by 75.4% during the 2nd quarter. Nemes Rush Group LLC now owns 314 shares of the company's stock worth $31,000 after purchasing an additional 135 shares in the last quarter.  Flaharty Asset Management LLC purchased a new position in  Otis Worldwide in the first quarter valued at approximately $38,000.  MTM Investment Management LLC acquired a new position in  Otis Worldwide during the second quarter valued at approximately $40,000.  Finally, Toth Financial Advisory Corp acquired a new position in  Otis Worldwide during the second quarter valued at approximately $45,000. 88.03% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Insider Activity at Otis Worldwide</h2><p>In other news, CAO Michael Patrick Ryan sold 3,028 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $91.69, for a total transaction of $277,637.32. Following the completion of the transaction, the chief accounting officer directly owned 2,628 shares in the company, valued at approximately $240,961.32. This represents a 53.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own  0.23% of the company's stock. </p><h2>Otis Worldwide Price Performance</h2><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p>Otis Worldwide stock opened at $87.05 on Friday. Otis Worldwide Corporation has a 12-month low of $84.25 and a 12-month high of $106.83. The company has a market capitalization of $33.93 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.33 and a beta of 1.01. The firm's fifty day moving average price is $89.44 and its 200 day moving average price is $91.09. </p><p>Otis Worldwide (NYSE:OTIS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.  Analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, November 14th. This represents a $1.68 annualized dividend and a yield of 1.9%. Otis Worldwide's payout ratio is currently 49.56%. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Otis Worldwide from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, December 13th. Barclays upped their price target on shares of Otis Worldwide from $90.00 to $92.00 and gave the stock an &#34;underweight&#34; rating in a research report on Thursday, October 30th. BNP Paribas Exane raised Otis Worldwide from a &#34;neutral&#34; rating to an &#34;outperform&#34; rating and set a $105.00 price objective on the stock in a research report 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 on the stock in a research note on Monday. Finally, 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. One research analyst  has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one  has issued  a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of &#34;Hold&#34; and a consensus target price of $103.50.</p><p><b>View Our Latest Research Report on Otis Worldwide</b></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>See Also</h2><ul><li>Five stocks we like better than Otis Worldwide</li><li>What Is WallStreetBets and What Stocks Are They Targeting?</li><li>Nike Beats on Earnings But Struggles in China and Faces Tariffs</li><li>What Are Earnings Reports?</li><li>Is the AI Boom a Bubble? These 2 Dividend Stocks Say No</li><li>What Are Dividend Challengers?</li><li>4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More</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>Louisbourg Investments Inc. increased its stake in Otis Worldwide by 174.5% in Q3, owning 59,131 shares worth $5.4M. Otis stock opened at $87.05, with a 12-month range of $84.25-$106.83. Analysts forecast FY 2025 EPS of 4.040-4.080. Otis announced a $0.42 quarterly dividend. Analysts upgraded Otis, with BNP Paribas rating it "strong-buy."</p>

Otis Worldwide Corporation $OTIS Shares Purchased by Louisbourg Investments Inc.