Otis Worldwide Corporation (NYSE:OTIS) Stock Has Consensus Target Price of $92.64 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Otis Worldwide, with two sell, four hold and four buy recommendations. The average 12-month price target is $92.64, though individual targets range from $75 to $95.
• Otis reported quarterly EPS of $1.01, in line with estimates, while revenue of $3.86 billion exceeded expectations and increased 7.3% year over year. The company guided to full-year EPS of $4.01–$4.05.
• Shares opened at $66.45, near the lower end of their 52-week range, while Otis maintains a quarterly dividend of $0.44 per share, equivalent to a 2.6% yield. Institutional investors own approximately 88% of the stock.

Otis Worldwide Corporation (NYSE:OTIS - Get Free Report) has been given a consensus recommendation of "Hold" by the ten analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $92.64.

A number of brokerages have recently issued reports on OTIS. Evercore reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Sanford C. Bernstein reissued an "outperform" rating on shares of Otis Worldwide in a research note on Monday, September 21st. Wells Fargo & Company started coverage on Otis Worldwide in a report on Thursday, September 24th. They set an "underweight" rating and a $77.00 target price for the company. Weiss Ratings restated a "hold (c-)" rating on shares of Otis Worldwide in a research report on Wednesday, August 12th. Finally, Morgan Stanley set a $75.00 price target on Otis Worldwide in a research note on Monday, August 10th.

Otis Worldwide Stock Performance

Shares of OTIS opened at $66.45 on Wednesday. Otis Worldwide has a fifty-two week low of $63.58 and a fifty-two week high of $94.57. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 2.31 and a beta of 0.87. The firm has a 50 day moving average price of $70.14 and a 200-day moving average price of $72.99.

Otis Worldwide (NYSE:OTIS - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, equities research analysts predict that Otis Worldwide will post 4.04 earnings per share for the current year.

Otis Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 14th. Otis Worldwide's dividend payout ratio is 45.24%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Moody National Bank Trust Division raised its holdings in Otis Worldwide by 67.7% during the 3rd quarter. Moody National Bank Trust Division now owns 6,029 shares of the company's stock valued at $388,000 after buying an additional 2,433 shares during the last quarter. Ridgewood Investments LLC boosted its position in Otis Worldwide by 4.2% during the 3rd quarter. Ridgewood Investments LLC now owns 23,163 shares of the company's stock valued at $1,490,000 after buying an additional 935 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in Otis Worldwide by 15.2% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 13,027 shares of the company's stock worth $838,000 after acquiring an additional 1,723 shares during the last quarter. Eastern Bank increased its position in shares of Otis Worldwide by 2.7% in the third quarter. Eastern Bank now owns 7,142 shares of the company's stock valued at $459,000 after acquiring an additional 190 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Otis Worldwide by 13.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,170 shares of the company's stock valued at $943,000 after acquiring an additional 1,566 shares during the period. 88.03% of the stock is owned by hedge funds and other institutional investors.

About Otis Worldwide

Otis Worldwide Corporation NYSE: OTIS is a global manufacturer and service provider focused on elevator and escalator systems. The company designs, manufactures, installs and maintains elevators, escalators and moving walkways for commercial buildings, residential properties, transportation hubs and other infrastructure.

Its offerings include passenger and freight elevators, escalators, moving walkways, digital monitoring solutions and related components. Otis also provides ongoing maintenance, repair, modernization and replacement services, which support the performance and safety of equipment throughout its operating life.

The company traces its origins to 1853, when Elisha Graves Otis demonstrated a safety elevator that helped make taller buildings practical.

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