Otis Worldwide Corporation (NYSE:OTIS) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Otis Worldwide, with one sell, five hold, and four buy ratings. The average 12-month price target is $92.91, compared with the stock’s reported price of $70.53.
• 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. Analysts expect approximately $4.03 in EPS for the current year.
• The company declared a quarterly dividend of $0.44, equivalent to $1.76 annually and a 2.5% yield. Institutional investors own 88.03% of Otis shares.

Shares of Otis Worldwide Corporation (NYSE:OTIS - Get Free Report) have earned an average recommendation of "Hold" from the ten brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $92.9091.

Several equities analysts recently commented on the company. UBS Group set a $105.00 target price on Otis Worldwide in a research report on Thursday, April 23rd. Morgan Stanley set a $75.00 price objective on Otis Worldwide in a report on Monday, August 10th. Evercore restated an "outperform" rating and issued a $95.00 price objective on shares of Otis Worldwide in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada set a $90.00 target price on shares of Otis Worldwide in a research note on Tuesday, July 28th.

Institutional Trading of Otis Worldwide

A number of hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in Otis Worldwide by 3.4% in the first quarter. Jones Financial Companies Lllp now owns 9,199 shares of the company's stock worth $949,000 after acquiring an additional 304 shares in the last quarter. Empowered Funds LLC raised its position in Otis Worldwide by 10.5% during the first quarter. Empowered Funds LLC now owns 8,988 shares of the company's stock valued at $928,000 after purchasing an additional 857 shares in the last quarter. Acadian Asset Management LLC raised its position in Otis Worldwide by 63.7% during the first quarter. Acadian Asset Management LLC now owns 4,045 shares of the company's stock valued at $417,000 after purchasing an additional 1,574 shares in the last quarter. Baird Financial Group Inc. raised its position in Otis Worldwide by 7.1% during the second quarter. Baird Financial Group Inc. now owns 32,245 shares of the company's stock valued at $3,193,000 after purchasing an additional 2,132 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Otis Worldwide by 13.3% during the second quarter. NewEdge Advisors LLC now owns 10,222 shares of the company's stock worth $1,012,000 after purchasing an additional 1,196 shares during the last quarter. 88.03% of the stock is owned by institutional investors.

Otis Worldwide Price Performance

NYSE OTIS opened at $70.53 on Tuesday. Otis Worldwide has a 1 year low of $69.16 and a 1 year high of $94.57. The stock has a market capitalization of $26.85 billion, a PE ratio of 18.13, a P/E/G ratio of 2.56 and a beta of 0.89. The company's 50 day simple moving average is $72.56 and its two-hundred day simple moving average is $77.99.

Otis Worldwide (NYSE:OTIS - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, meeting analysts' consensus estimates of $1.01. The firm had revenue of $3.86 billion during 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 business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, research analysts anticipate that Otis Worldwide will post 4.03 EPS for the current year.

Otis Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 14th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.5%. Otis Worldwide's dividend payout ratio is presently 45.24%.

Otis Worldwide Company Profile

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis's business derives from long-term service contracts and responsive maintenance work.

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