Fundsmith 13F: Cuts Otis Worldwide (OTIS) Stake by $27M

Fundsmith has trimmed its investment in Otis Worldwide Corporation (NYSE:OTIS), cutting its holdings by 380,745 shares. This reduction brings its total down by 12.23% to 2,731,635 shares, valued at approximately $193.26 million. The change was disclosed in a Form 13F filing with the SEC, reflecting positions as of the end of the reporting period.

What Changed in Fundsmith's Otis Worldwide Position

Fundsmith's decision to reduce its stake in Otis Worldwide saw its holdings fall from 3,112,380 shares to 2,731,635 shares. This represents a decrease of 380,745 shares, or about 12.23% of its previous position. The investment is now valued at $193.26 million.

Other Institutional Activity in Otis Worldwide

Several other major funds have also adjusted their positions in Otis Worldwide recently. BlackRock, Inc. reduced its holdings by 1,356,768 shares, ending with 32,220,840 shares valued at approximately $2.48 billion. Vanguard Capital Management LLC made a significant addition, acquiring 25,256,005 shares, bringing their total to the same number, valued at about $1.95 billion. Similarly, Vanguard Portfolio Management LLC also added 19,701,892 shares, reaching a total of 19,701,892 shares worth $1.52 billion. Meanwhile, State Street Corp slightly increased its stake by 73,306 shares, holding a total of 16,201,503 shares valued at $1.25 billion.

Otis Worldwide Corporation Stock Up 1.7%

Shares of Otis Worldwide are trading around $70.75. The company has a market cap of approximately $27.15 billion and a P/E ratio of 18.82. Its stock has seen a 52-week low of $69.16 and a high of $101.42. The 50-day moving average is $75.08, while the 200-day moving average is $85.09. The company's beta stands at 0.896, indicating relatively low volatility compared to the broader market.

Recent Earnings

Otis Worldwide reported revenue of $14.65 billion, with a revenue growth of 6.4%. The company achieved an EPS of $3.76 and maintained a net margin of 10.11%. The next earnings report is anticipated on July 22, 2026.

Dividend

Otis Worldwide offers an annual dividend rate of $1.70, yielding 2.4% with a payout ratio of 44.68%.

Insider Buying and Selling at Otis Worldwide Corporation

Insider activity at Otis Worldwide has been notable recently. On June 2, 2026, Joseph Jay Armas, President of Otis Americas, sold 421 shares at an average price of $70.33. On the same day, he bought 1,680 shares. In late May, insiders Jill Brannon, Kathy Hopinkah Hannan, and Jeffrey Harry Black each bought shares at $71.79, with Brannon purchasing 4,527 shares, Hannan 2,758 shares, and Black 2,800 shares.

Analysts Set New Price Targets

On April 23, 2026, RBC Capital maintained a 'buy' rating on Otis Worldwide, setting a price target of $105. Barclays, however, maintained a 'sell' rating with a target of $77. Evercore ISI Group initiated coverage with a 'buy' rating and a $100 target on April 13, 2026. The consensus among 15 analysts is a 'buy', with a mean target price of $94.20.

About Otis Worldwide Corporation

Otis Worldwide Corporation, headquartered in Farmington, Connecticut, specializes in the manufacturing, installation, and servicing of elevators and escalators globally. The company operates through its New Equipment and Service segments, catering to real estate developers and building contractors. With a workforce of 72,000, Otis is led by CEO Judith F. Marks.

Bottom Line

Fundsmith's reduction in Otis Worldwide shares is part of a broader trend among institutional investors adjusting their positions. While 13F filings are backward-looking, they provide insight into fund strategies and market sentiment. Investors keep a close watch on these filings to gauge institutional confidence and potential market movements.