<div id="readability-page-1"><p>Sarasin &amp; Partners LLP grew its stake in shares of  Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  owned 3,610,804 shares of the company's stock after acquiring an additional 29,408 shares during the quarter. Otis Worldwide comprises approximately  3.2% of Sarasin &amp; Partners LLP's portfolio, making the stock its 9th biggest position. Sarasin &amp; Partners LLP owned approximately 0.92% of Otis Worldwide worth $329,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</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 hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of  Otis Worldwide by 4.3% in the second quarter. Vanguard Group Inc. now owns 48,587,153 shares of the company's stock worth $4,811,100,000 after purchasing an additional 1,991,860 shares during the last quarter.  Alliancebernstein L.P. increased its stake in shares of  Otis Worldwide by 3.2% in the 2nd quarter. Alliancebernstein L.P. now owns 19,378,760 shares of the company's stock worth $1,918,885,000 after purchasing an additional 603,860 shares in the last quarter.  Geode Capital Management LLC lifted its position in  Otis Worldwide by 1.2% during the second quarter. Geode Capital Management LLC now owns 10,673,127 shares of the company's stock valued at $1,057,594,000 after purchasing an additional 129,458 shares in the last quarter.  Norges Bank purchased a new position in shares of  Otis Worldwide during the 2nd quarter valued at about $721,614,000.  Finally, PineStone Asset Management Inc. lifted its holdings in  Otis Worldwide by 13.3% during the second quarter. PineStone Asset Management Inc. now owns 4,639,065 shares of the company's stock valued at $459,360,000 after purchasing an additional 543,933 shares in the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Analyst Ratings Changes</h2><p>OTIS has been the topic of several research reports. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Otis Worldwide in a research report on Monday, December 15th. 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. Wall Street Zen raised shares of Otis Worldwide from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, December 13th. Barclays upped their price objective on shares of Otis Worldwide from $90.00 to $92.00 and gave the stock an &#34;underweight&#34; rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase &amp; Co. increased their target price on Otis Worldwide from $105.00 to $111.00 and gave the company an &#34;overweight&#34; rating in a research report on Wednesday, October 15th. One research analyst  has rated the stock with a Strong Buy rating, four have issued  a Buy rating, five have issued  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of &#34;Hold&#34; and an average target price of $103.50.</p><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p><b>View Our Latest Stock Report on Otis Worldwide</b></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 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 sale, the chief accounting officer owned 2,628 shares in the company, valued at $240,961.32. This represents a 53.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders. </p><h2>Otis Worldwide Stock Performance</h2><p>Shares of NYSE OTIS opened at $87.05 on Friday. Otis Worldwide Corporation has a fifty-two week low of $84.25 and a fifty-two week high of $106.83. The company has a market cap of $33.93 billion, a PE ratio of 25.68, a P/E/G ratio of 3.32 and a beta of 1.01. The business has a 50-day simple moving average of $89.44 and a two-hundred day simple moving average of $91.06. </p><p>Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.65 billion. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. Otis Worldwide's revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.  On average, sell-side analysts predict that  Otis Worldwide Corporation will post 4.04 earnings per share for the current fiscal year. </p><h2>Otis Worldwide Dividend Announcement</h2><p>The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were given a dividend of $0.42 per share. The ex-dividend date of this dividend 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 (DPR) is currently 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>Further Reading</h2><ul><li>Five stocks we like better than Otis Worldwide</li><li>What is MarketRank™? How to Use it</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>Stock Dividend Cuts Happen Are You Ready?</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>The Significance of Brokerage Rankings in Stock Selection</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><strong>Want to see what other hedge funds are holding OTIS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Otis Worldwide Corporation (NYSE:OTIS - Free Report).</p><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>Sarasin & Partners LLP increased its stake in Otis Worldwide Corporation by 0.8% in Q3, owning 3,610,804 shares valued at $329.63 million. Otis stock is 9th in their portfolio. Other investors like Vanguard and Alliancebernstein also raised their stakes. Analysts have mixed ratings, with an average target price of $103.50. Otis shares opened at $87.05, with a 52-week range of $84.25 to $106.83.</p>

Otis Worldwide Corporation $OTIS Stock Position Increased by Sarasin & Partners LLP