Otis Worldwide Corporation (NYSE:OTIS) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Otis Worldwide, with one sell, five hold and four buy recommendations. The average 12-month price target is $92.91, above the cited share price of $69.07.
• Otis reported quarterly EPS of $1.01, in line with estimates, while revenue of $3.86 billion exceeded expectations and rose 7.3% year over year. Management’s fiscal 2026 EPS guidance is $4.01–$4.05.
• The company paid a quarterly dividend of $0.44 per share, equivalent to $1.76 annually and a 2.5% yield. Institutional investors own 88.03% of the stock.

Shares of Otis Worldwide Corporation (NYSE:OTIS - Get Free Report) have earned a consensus recommendation of "Hold" from the ten brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $92.9091.

A number of research firms have recently weighed in on OTIS. Evercore restated an "outperform" rating and set a $95.00 price target on shares of Otis Worldwide in a report on Thursday, July 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Morgan Stanley set a $75.00 target price on shares of Otis Worldwide in a research report on Monday, August 10th. Sanford C. Bernstein cut their target price on Otis Worldwide from $97.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a research report on Tuesday, July 28th.

Otis Worldwide Stock Performance

Shares of OTIS opened at $69.07 on Friday. The firm has a market cap of $26.29 billion, a PE ratio of 17.76, a PEG ratio of 2.39 and a beta of 0.88. The firm's 50 day moving average price is $72.10 and its 200 day moving average price is $75.57. Otis Worldwide has a twelve month low of $67.64 and a twelve month high of $94.57.

Otis Worldwide (NYSE:OTIS - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.01. The firm had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, sell-side analysts anticipate that Otis Worldwide will post 4.03 earnings per share for the current fiscal year.

Otis Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 14th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, August 14th. Otis Worldwide's dividend payout ratio (DPR) is presently 45.24%.

Institutional Investors Weigh In On Otis Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in OTIS. Orion Capital Management LLC bought a new position in shares of Otis Worldwide in the second quarter valued at approximately $27,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Otis Worldwide in the fourth quarter worth $27,000. MidFirst Bank bought a new stake in shares of Otis Worldwide during the 2nd quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Otis Worldwide during the 2nd quarter worth $28,000. Finally, Elevation Wealth Partners LLC grew its stake in Otis Worldwide by 1,910.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 402 shares of the company's stock valued at $29,000 after buying an additional 382 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

About Otis Worldwide

Otis Worldwide Corporation NYSE: OTIS designs, manufactures, installs and services elevators, escalators and moving walkways. Its equipment is used in residential, commercial, institutional, transportation and industrial buildings, supporting the movement of people in high-rise and other densely occupied environments.

The company's offerings include passenger and freight elevators, escalators, moving walkways, destination-dispatch systems and related technologies. Otis also provides maintenance, repair, modernization and replacement services for its own equipment and products made by other manufacturers.

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