NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis → He Is Giving Away Bitcoin (From Crypto Swap Profits) (Ad) Free OTIS Stock Alerts $97.10 +0.97 (+1.01%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$96.27▼$97.1850-Day Range$91.20▼$100.2152-Week Range$73.32▼$100.35Volume2.49 million shsAverage Volume1.99 million shsMarket Capitalization$39.26 billionP/E Ratio28.06Dividend Yield1.40%Price Target$96.86 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Otis Worldwide alerts: Email Address Otis Worldwide MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside0.3% Downside$96.86 Price TargetShort InterestHealthy1.14% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.76Based on 20 Articles This WeekInsider TradingSelling Shares$4.52 M Sold Last QuarterProj. Earnings Growth10.82%From $3.88 to $4.30 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.54 out of 5 starsConstruction Sector8th out of 104 stocksElectronic, Electrical Equipment & Components, Except Computer Equipment Industry3rd out of 3 stocks 2.1 Analyst's Opinion Consensus RatingOtis Worldwide has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageOtis Worldwide has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Otis Worldwide's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.14% of the float of Otis Worldwide has been sold short.Short Interest Ratio / Days to CoverOtis Worldwide has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Otis Worldwide has recently decreased by 14.34%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.41%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOtis Worldwide has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Otis Worldwide is 39.31%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Otis Worldwide will have a dividend payout ratio of 31.63% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend.Read more about Otis Worldwide's dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOtis Worldwide has received a 23.67% net impact score from Upright. Otis Worldwide seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Elevators", "Escalators", and "Predictive maintenance services for elevators" products. See details.Environmental SustainabilityThe Environmental Impact score for Otis Worldwide is -1.89. Previous Next 2.6 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Otis Worldwide this week, compared to 14 articles on an average week.Search InterestOnly 9 people have searched for OTIS on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Otis Worldwide insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,520,405.00 in company stock.Percentage Held by InsidersOnly 0.23% of the stock of Otis Worldwide is held by insiders.Percentage Held by Institutions88.03% of the stock of Otis Worldwide is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Otis Worldwide's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Otis Worldwide are expected to grow by 10.82% in the coming year, from $3.88 to $4.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 28.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.89.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 28.06, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 22.89.Read more about Otis Worldwide's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsHe Is Giving Away BitcoinAnd my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.>> Register right here About Otis Worldwide Stock (NYSE:OTIS)Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.Read More OTIS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OTIS Stock News HeadlinesMay 10, 2024 | insidertrades.comPeiming Zheng Sells 30,364 Shares of Otis Worldwide Co. (NYSE:OTIS) StockMay 11, 2024 | msn.comUN Report: Climate Extremes Slammed Latin America and the Caribbean Last YearMay 11, 2024 | Priority Gold (Ad)The 2024 Gold Rush: Unleashing Market PotentialWelcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.May 11, 2024 | finance.yahoo.comHere's What We Like About Otis Worldwide's (NYSE:OTIS) Upcoming DividendMay 11, 2024 | msn.comMAFS’ Jamie Otis Recalls ‘Irrational’ Postpartum Thoughts — Including Concerns Doug Was CheatingMay 10, 2024 | yahoo.comOlivia Wilde Shared the Funny Reason Her Kids Think She’s Being ‘Irresponsible’May 10, 2024 | msn.comOtis Kane Shares Heartwarming Song 'Morning Sun'May 10, 2024 | finance.yahoo.comWe Think Shareholders Are Less Likely To Approve A Large Pay Rise For Otis Worldwide Corporation's (NYSE:OTIS) CEO For NowMay 11, 2024 | Priority Gold (Ad)The 2024 Gold Rush: Unleashing Market PotentialWelcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.May 8, 2024 | theguardian.com‘Hopeless and broken’: why the world’s top climate scientists are in despairMay 8, 2024 | msn.comChicago Fire: what happened to Otis? And why Yuri Sardarov was written out of the showMay 7, 2024 | prnewswire.comStudents Innovate to Improve Access to Urban Green SpaceMay 7, 2024 | msn.comThe Fiend’s Return to WWE? Vince Russo Thinks Otis Could Bring Back the Fearsome CharacterMay 1, 2024 | finance.yahoo.comOtis Furthers STEM Education in China with 160 Scholarships for Female StudentsMay 1, 2024 | finance.yahoo.comOtis Furthers STEM Education in China with 160 Scholarships for Female StudentsMay 1, 2024 | msn.comRPD: Stolen car crashes on Otis Street in RochesterMay 1, 2024 | msn.comOtis Williams Recalls Most Important 'Grooming' Rule Temptations Learned at Motown: 'Keep Your Teeth Clean' (Exclusive)April 30, 2024 | finance.yahoo.comOtis India Volunteers Create Urban Forests of Native Trees and PlantsApril 30, 2024 | finance.yahoo.comOtis Worldwide (NYSE:OTIS) Is Increasing Its Dividend To $0.39April 30, 2024 | finance.yahoo.comOtis Wins Maintenance Portfolio with SMRT Trains, Singapore's Pioneer Rail OperatorApril 27, 2024 | finance.yahoo.comOtis Worldwide First Quarter 2024 Earnings: In Line With ExpectationsApril 27, 2024 | finance.yahoo.comOtis Worldwide Corp (OTIS): A Strategic SWOT InsightApril 26, 2024 | msn.comWhat's Going On With Otis Worldwide Stock Today?April 26, 2024 | finance.yahoo.comOtis Worldwide Corporation (NYSE:OTIS) First-Quarter Results: Here's What Analysts Are Forecasting For This YearApril 25, 2024 | finance.yahoo.comOtis Worldwide Corporation (NYSE:OTIS) Q1 2024 Earnings Call TranscriptApril 25, 2024 | finance.yahoo.comQ1 2024 Otis Worldwide Corp Earnings CallApril 24, 2024 | fool.comOtis Worldwide (OTIS) Q1 2024 Earnings Call TranscriptSee More Headlines Receive OTIS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Otis Worldwide and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/8 Dividend2/15/2024Dividend Payable3/08/2024Last Earnings4/24/2024Today5/11/2024Ex-Dividend for 6/7 Dividend5/16/2024Dividend Payable6/07/2024Next Earnings (Estimated)7/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry Electronic, electrical equipment & components, except computer equipment Sub-IndustryN/A Current SymbolNYSE:OTIS CUSIPN/A CIK1781335 Webwww.otis.com Phone860-674-3000FaxN/AEmployees71,000Year Founded1853Price Target and Rating Average Stock Price Target$96.86 High Stock Price Target$105.00 Low Stock Price Target$88.00 Potential Upside/Downside-0.3%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio28.06 Forward P/E Ratio25.03 P/E GrowthN/ANet Income$1.41 billion Net Margins9.99% Pretax Margin14.34% Return on Equity-31.02% Return on Assets14.79% Debt Debt-to-Equity RatioN/A Current Ratio0.97 Quick Ratio0.88 Sales & Book Value Annual Sales$14.21 billion Price / Sales2.76 Cash Flow$4.14 per share Price / Cash Flow23.45 Book Value($12.22) per share Price / Book-7.95Miscellaneous Outstanding Shares404,320,000Free Float403,393,000Market Cap$39.26 billion OptionableOptionable Beta1.03 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMs. Judith F. Marks (Age 60)Chair, President & CEO Comp: $4.44MMr. Anurag Maheshwari (Age 50)Executive VP & CFO Comp: $1.74MMs. Nora E. LaFreniere (Age 53)Executive VP & Chief General Counsel Comp: $1.45MMr. Peiming Zheng (Age 56)Executive VP & Chief Product, Delivery and Customer Officer Comp: $2.55MMr. Stephane de Montlivault (Age 64)President of Otis Asia Pacific Comp: $1.62MMr. Todd GlanceExecutive Vice President of OperationsMr. Michael Patrick Ryan (Age 53)Senior VP & Chief Accounting Officer Rina LeonardVP & Global Chief Information OfficerMs. Randi TanguayVP & Chief Communications OfficerMs. Robin FialaVice President of Sales & MarketingMore ExecutivesKey CompetitorsMartin Marietta MaterialsNYSE:MLMQuanta ServicesNYSE:PWRVulcan MaterialsNYSE:VMCHowmet AerospaceNYSE:HWMLennarNYSE:LENView All CompetitorsInsiders & InstitutionsBahl & Gaynor Inc.Bought 20,554 shares on 5/11/2024Ownership: 0.100%Mitsubishi UFJ Trust & Banking CorpSold 1,522 shares on 5/10/2024Ownership: 0.077%TCTC Holdings LLCSold 250 shares on 5/10/2024Ownership: 0.001%Nicolet Advisory Services LLCBought 2,112 shares on 5/10/2024Ownership: 0.001%Clearstead Trust LLCBought 135 shares on 5/10/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions OTIS Stock Analysis - Frequently Asked Questions Should I buy or sell Otis Worldwide stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OTIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTIS, but not buy additional shares or sell existing shares. View OTIS analyst ratings or view top-rated stocks. What is Otis Worldwide's stock price target for 2024? 8 brokers have issued twelve-month price targets for Otis Worldwide's shares. Their OTIS share price targets range from $88.00 to $105.00. On average, they anticipate the company's share price to reach $96.86 in the next year. This suggests that the stock has a possible downside of 0.3%. View analysts price targets for OTIS or view top-rated stocks among Wall Street analysts. How have OTIS shares performed in 2024? Otis Worldwide's stock was trading at $89.47 at the beginning of 2024. Since then, OTIS stock has increased by 8.5% and is now trading at $97.10. View the best growth stocks for 2024 here. Are investors shorting Otis Worldwide? Otis Worldwide saw a drop in short interest in April. As of April 30th, there was short interest totaling 4,600,000 shares, a drop of 14.3% from the April 15th total of 5,370,000 shares. Based on an average trading volume of 1,880,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.1% of the shares of the stock are sold short. View Otis Worldwide's Short Interest. When is Otis Worldwide's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024. View our OTIS earnings forecast. How were Otis Worldwide's earnings last quarter? Otis Worldwide Co. (NYSE:OTIS) issued its quarterly earnings results on Wednesday, April, 24th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The company earned $3.44 billion during the quarter, compared to analysts' expectations of $3.44 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 31.02% and a net margin of 9.99%. Read the conference call transcript. How often does Otis Worldwide pay dividends? What is the dividend yield for Otis Worldwide? Otis Worldwide announced a quarterly dividend on Tuesday, April 23rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.39 per share on Friday, June 7th. This represents a $1.56 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from the stock's previous quarterly dividend of $0.34. Read our dividend analysis for OTIS. Is Otis Worldwide a good dividend stock? Otis Worldwide (NYSE:OTIS) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.41%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 31.63% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for OTIS. What ETFs hold Otis Worldwide's stock? ETFs with the largest weight of Otis Worldwide (NYSE:OTIS) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), WBI BullBear Quality 3000 ETF (WBIL), WBI BullBear Yield 3000 ETF (WBIG), Brookstone Value Stock ETF (BAMV), First Trust US Equity Opportunities ETF (FPX), VanEck Morningstar Wide Moat Growth ETF (MGRO), SmartETFs Dividend Builder ETF (DIVS) and First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL). What guidance has Otis Worldwide issued on next quarter's earnings? Otis Worldwide updated its FY24 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of $3.83-$3.90 for the period, compared to the consensus EPS estimate of $3.88. The company issued revenue guidance of $14.5-$14.8 billion, compared to the consensus revenue estimate of $14.70 billion. Who are Otis Worldwide's major shareholders? Otis Worldwide's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.19%), Bank of New York Mellon Corp (0.88%), Sarasin & Partners LLP (0.80%), Mitsubishi UFJ Asset Management Co. Ltd. (0.79%), Los Angeles Capital Management LLC (0.57%) and Guinness Asset Management LTD (0.44%). Insiders that own company stock include Fernandez Bernardo Calleja, James F Cramer, Judith Fran Marks, Michael Patrick Ryan, Montlivault Stephane De, Nora E Lafreniere, Peiming Zheng and Rahul Ghai. View institutional ownership trends. How do I buy shares of Otis Worldwide? Shares of OTIS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:OTIS) was last updated on 5/11/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap ProfitsThe Crypto 9-5 Escape PlanCrypto 101 MediaThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial Metals[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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