Otis Worldwide (NYSE:OTIS) Stock Gets Price Target Trim from Wells Fargo & Company

Key Points

• Wells Fargo cut Otis Worldwide’s price target from $77 to $75 and maintained an “underweight” rating, implying roughly 2.07% upside from the reported $73.48 share price.
• Analyst opinions remain mixed: MarketBeat reports a consensus rating of “Hold” and an average price target of $90.80, based on four Buy, three Hold, and two Sell ratings.
• Otis exceeded quarterly expectations, reporting $1.05 in earnings per share and $3.91 billion in revenue, up 6.1% year over year; institutional investors own approximately 88.03% of the stock.

Otis Worldwide (NYSE:OTIS - Get Free Report) had its price target cut by investment analysts at Wells Fargo & Company from $77.00 to $75.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "underweight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 2.07% from the company's current price.

A number of other equities analysts also recently weighed in on OTIS. Royal Bank Of Canada set a $90.00 target price on Otis Worldwide in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Sanford C. Bernstein restated an "outperform" rating on shares of Otis Worldwide in a research note on Thursday. Morgan Stanley set a $75.00 target price on Otis Worldwide in a research note on Monday, August 10th. Finally, Evercore reissued an "outperform" rating and issued a $95.00 price target on shares of Otis Worldwide in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $90.80.

Otis Worldwide Price Performance

Shares of NYSE OTIS traded up $0.61 during trading on Thursday, hitting $73.48. The stock had a trading volume of 249,915 shares, compared to its average volume of 3,918,472. Otis Worldwide has a 12 month low of $63.58 and a 12 month high of $94.57. The company has a market capitalization of $27.97 billion, a PE ratio of 18.93, a PEG ratio of 2.64 and a beta of 0.87. The firm has a fifty day moving average of $69.55 and a two-hundred day moving average of $76.58.

Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that Otis Worldwide will post 4.03 earnings per share for the current fiscal year.

Institutional Trading of Otis Worldwide

A number of large investors have recently bought and sold shares of OTIS. Mirae Asset Global Investments Co. Ltd. bought a new position in Otis Worldwide in the 3rd quarter worth about $6,192,000. Vise Technologies Inc. grew its position in Otis Worldwide by 29.4% during the 3rd quarter. Vise Technologies Inc. now owns 10,948 shares of the company's stock valued at $704,000 after purchasing an additional 2,485 shares during the last quarter. International Assets Investment Management LLC increased its stake in Otis Worldwide by 1,583.7% during the 3rd quarter. International Assets Investment Management LLC now owns 33,000 shares of the company's stock valued at $2,123,000 after purchasing an additional 31,040 shares in the last quarter. CHICAGO TRUST Co NA increased its stake in Otis Worldwide by 18.2% during the 3rd quarter. CHICAGO TRUST Co NA now owns 12,309 shares of the company's stock valued at $792,000 after purchasing an additional 1,899 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Otis Worldwide by 187.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 565,450 shares of the company's stock valued at $36,370,000 after purchasing an additional 368,800 shares in the last quarter. 88.03% of the stock is owned by hedge funds and other institutional investors.

Key Otis Worldwide News

Here are the key news stories impacting Otis Worldwide this week:

• Positive Sentiment: Third-quarter adjusted earnings were $1.05 per share, above the $1.01 analyst consensus, while revenue increased 6.1% year over year to approximately $3.91 billion, exceeding expectations of $3.85 billion. Otis Worldwide Q3 earnings and revenues beat estimates
• Positive Sentiment: Service revenue rose 8%, or 7% organically, helping drive the results. Service operating margin improved sequentially by 100 basis points to 24.2%, while modernization orders increased 10% at constant currency and backlog grew 20%. Otis reports third quarter 2026 results
• Positive Sentiment: Otis generated $337 million of third-quarter operating cash flow and $272 million of adjusted free cash flow. Year to date, it returned approximately $1.3 billion to shareholders through about $800 million of repurchases and $500 million of dividends. Otis third-quarter net income and 2026 outlook

Otis Worldwide Company Profile

Otis Worldwide Corporation NYSE: OTIS is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.

Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.

The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.

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