OTIS Otis Worldwide Corp

Cwm LLC significantly increased its stake in Otis Worldwide Corporation (NYSE:OTIS) by 244.2% in the third quarter, acquiring 59,501 additional shares to bring its total holding to 83,870 shares valued at $7.67 million. Other institutional investors also adjusted their positions in Otis, which reported strong quarterly earnings of $1.05 EPS, beating estimates, and announced a quarterly dividend of $0.42 per share. The company maintains an average analyst rating of "Hold" with a target price of $103.50.

HM Payson & Co. reduced its stake in Otis Worldwide Corporation by 15.4% in the third quarter, while overall institutional ownership remains high at 88.03%. Otis Worldwide reported strong Q3 earnings, beating analyst estimates, and provided positive FY2025 guidance. The company also announced a quarterly dividend, and analysts generally hold a "Hold" rating with an average price target of $103.50, despite recent insider stock sales.

Sheets Smith Wealth Management significantly reduced its stake in Otis Worldwide Corporation (NYSE:OTIS) by 38.1%, selling over 21,000 shares. This comes as other institutional investors like Canoe Financial LP increased their holdings, bringing total institutional ownership to 88.03%. Otis Worldwide recently exceeded Q3 earnings expectations and announced a $0.42 quarterly dividend.

Canoe Financial LP significantly increased its stake in Otis Worldwide Corporation (NYSE:OTIS) by 64.0% in the third quarter, making it their 7th largest position. The firm now holds 2,411,956 shares worth approximately $220.5 million, representing about 3.1% of their total holdings. Other institutional investors have also adjusted their positions, and insider MICHAEL PATRICK RYAN recently sold 3,028 shares of the stock.

Otis Worldwide recently completed a significant installation for Montréal's Réseau Express Métropolitain (REM), providing 22 escalators and 57 custom elevators with a 5-year service contract. This project reinforces Otis's investment narrative focused on modernization and IoT, particularly in connected services and real-time monitoring. While the REM win supports a deeper engagement in high-margin service relationships, investors should still consider concerns about soft organic growth and declining free cash flow margins affecting the near-term outlook for OTIS.

Otis Worldwide Corp has underperformed the S&P 500, with its shares sinking to $87.81 for a 9.9% loss over the last six months. The article highlights three key risks: slow organic growth, slim projected revenue growth, and a dropping free cash flow margin, suggesting that Otis falls short of investment standards. Instead, the author recommends exploring other superior stock opportunities, particularly in the software sector, and mentions specific market-beating stocks like Nvidia and Kadant.