PineStone Asset Management Inc. has increased its stake in Otis Worldwide to 4,464,131 shares, valued at $429.7 million, following a significant acquisition. Other institutional investors, including Sarasin & Partners LLP and Legal & General Group Plc, have also raised their holdings. Despite a "Hold" rating from analysts, UBS Group has set a price target of $113, indicating potential upside for the stock, which recently traded at $100.20.