NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free OTIS Stock Alerts $99.27 -0.59 (-0.59%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$99.09▼$100.0550-Day Range$87.78▼$100.2152-Week Range$73.32▼$100.35Volume1.59 million shsAverage Volume1.91 million shsMarket Capitalization$40.25 billionP/E Ratio29.28Dividend Yield1.37%Price Target$92.29 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/Downside7.0% Downside$92.29 Price TargetShort InterestHealthy1.48% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.44Based on 6 Articles This WeekInsider TradingSelling Shares$5.10 M Sold Last QuarterProj. Earnings Growth10.85%From $3.87 to $4.29 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.4.32 out of 5 starsConstruction Sector16th out of 103 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $92.29, Otis Worldwide has a forecasted downside of 7.0% from its current price of $99.27.Amount of Analyst CoverageOtis Worldwide has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.48% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Otis Worldwide has recently increased by 11.11%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.36%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOtis Worldwide has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Otis Worldwide is 40.12%. 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 31.70% next year. This indicates that Otis Worldwide will be able to sustain or increase its 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 2.5 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 0.44. 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 lower news sentiment than the 0.60 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Otis Worldwide this week, compared to 13 articles on an average week.Search Interest11 people have searched for OTIS on MarketBeat in the last 30 days. This is an increase of 22% compared to the previous 30 days.MarketBeat Follows12 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 $5,101,963.00 in company stock.Percentage Held by InsidersOnly 0.11% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Otis Worldwide are expected to grow by 10.85% in the coming year, from $3.87 to $4.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 29.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 29.28, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 19.00. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeTrump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.Protect your retirement savings from the inevitable devaluation of the dollar… 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 HeadlinesMarch 28, 2024 | msn.comBaron Corbin Ear Glued Back Together After Clothesline From Otis (Video)March 27, 2024 | msn.comOtis’s Judy Marks to future CEOs: It’s ‘radically different than any other role you’ve had’March 29, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 26, 2024 | americanbankingnews.comOtis Worldwide Co. (NYSE:OTIS) Given Average Rating of "Hold" by AnalystsMarch 22, 2024 | finance.yahoo.comIs Now The Time To Look At Buying Otis Worldwide Corporation (NYSE:OTIS)?March 22, 2024 | nytimes.comUtility-Caused Wildfires Are Becoming a National ProblemMarch 21, 2024 | msn.com2 hurricane names retired, but 2023 Florida menace Idalia bucks 'I' trend, will returnMarch 20, 2024 | msn.comThere could be another ‘Hurricane Idalia’ before 2030: WMO keeps Idalia on storm name listMarch 29, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 20, 2024 | msn.comPhilly’s chaotic Greyhound bus station may move to its third temporary location in less than a yearMarch 20, 2024 | msn.comDora, Otis retired from list of Pacific hurricane namesMarch 20, 2024 | msn.comHurricane names Dora, Otis retired from Pacific list after deadly wrathMarch 20, 2024 | msn.com'Otis', 'Dora' Officially Retired From Future Eastern Pacific Hurricane Season Name ListsMarch 19, 2024 | yahoo.comBron Breakker And Baron Corbin vs. Alpha Academy, More Set For 3/26 WWE NXTMarch 19, 2024 | finanznachrichten.deOtis Worldwide Corporation: Otis Brazil Joins U.N. Companies With Refugees ForumMarch 19, 2024 | finance.yahoo.comOtis Brazil Joins U.N. Companies With Refugees ForumMarch 17, 2024 | yahoo.com'Masters of the Air' Star Ncuti Gatwa Is About to Take OffMarch 17, 2024 | msn.comWWE Main Event results: Chelsea Green vs. NatalyaMarch 16, 2024 | yahoo.comOtis Inspired By Intensity Seen In Sting vs. Vader BattleMarch 16, 2024 | msn.comOtis Finds Motivation in Classic Sting vs. Vader Wrestling MatchMarch 15, 2024 | omaha.com4 Bedroom Home in Papillion - $588,276March 15, 2024 | yahoo.comMalcolm X, Whitney Houston, and Other Black Legends Who Died Too YoungMarch 15, 2024 | msn.comPolice searching for missing elderly man last seen in southwest BakersfieldMarch 10, 2024 | finance.yahoo.comOTIS Mar 2024 97.500 putMarch 7, 2024 | investorplace.comThe Top 3 Construction Stocks to Buy in March 2024March 7, 2024 | seekingalpha.comOtis Worldwide: A Compelling Service SegmentMarch 6, 2024 | finanznachrichten.deOtis Worldwide Corporation: Otis Wins Modernization Project and 10-Year Service Contract Extension for Burj KhalifaSee 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 Last Earnings1/31/2024Ex-Dividend for 3/8 Dividend2/15/2024Dividend Payable3/08/2024Today3/29/2024Next Earnings (Estimated)4/24/2024Fiscal 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$92.29 High Stock Price Target$102.00 Low Stock Price Target$76.00 Potential Upside/Downside-7.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$3.39 Trailing P/E Ratio29.28 Forward P/E Ratio25.65 P/E GrowthN/ANet Income$1.41 billion Net Margins9.90% Pretax Margin14.29% Return on Equity-30.75% Return on Assets14.51% Debt Debt-to-Equity RatioN/A Current Ratio0.99 Quick Ratio0.89 Sales & Book Value Annual Sales$14.21 billion Price / Sales2.83 Cash Flow$4.08 per share Price / Cash Flow24.36 Book Value($11.97) per share Price / Book-8.29Miscellaneous Outstanding Shares405,450,000Free Float405,009,000Market Cap$40.25 billion OptionableOptionable Beta1.01 Social Links 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.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 CompetitorsQuanta ServicesNYSE:PWRMartin Marietta MaterialsNYSE:MLMVulcan MaterialsNYSE:VMCLennarNYSE:LENUnited RentalsNYSE:URIView All CompetitorsInsiders & InstitutionsNomura Holdings Inc.Bought 51,066 shares on 3/27/2024Ownership: 0.013%HighPoint Advisor Group LLCBought 9,661 shares on 3/26/2024Ownership: 0.002%Quadrature Capital LtdBought 4,216 shares on 3/25/2024Ownership: 0.003%PNC Financial Services Group Inc.Sold 16,709 shares on 3/22/2024Ownership: 0.118%Accent Capital Management LLCBought 400 shares on 3/19/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions Should I Buy Otis Worldwide Stock? OTIS Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Otis Worldwide Co.: Strong stock performance with a 52-week high of $93.83, indicating potential for growth. Consistent revenue generation with $3.62 billion reported for the last quarter, surpassing analyst estimates. Positive earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate by $0.02. Recent insider activity, such as insider Montlivault Stephane De selling shares at $91.10, may indicate confidence in the company. Multiple research firms issuing buy ratings, suggesting a favorable outlook for the company's future. Cons Investors should be bearish about investing in Otis Worldwide Co. for these reasons: Price-to-earnings ratio of 27.59, which may indicate the stock is currently overvalued. Negative return on equity of 30.75%, highlighting potential financial instability. Downgrade from a "buy" rating to a "hold" rating by Vertical Research, signaling a shift in sentiment. Reduction in price target by Wells Fargo & Company from $97.00 to $95.00, suggesting a cautious stance on the stock. Market consensus rating of "Hold" from research firms, indicating mixed opinions on the stock's performance. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, March 25, 2024. Please send any questions or comments about these Otis Worldwide pros and cons to contact@marketbeat.com. OTIS Stock Analysis - Frequently Asked Questions Should I buy or sell Otis Worldwide stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12-month price objectives for Otis Worldwide's stock. Their OTIS share price targets range from $76.00 to $102.00. On average, they expect the company's stock price to reach $92.29 in the next twelve months. This suggests that the stock has a possible downside of 7.0%. 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 the year. Since then, OTIS stock has increased by 11.0% and is now trading at $99.27. View the best growth stocks for 2024 here. When is Otis Worldwide's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our OTIS earnings forecast. How were Otis Worldwide's earnings last quarter? Otis Worldwide Co. (NYSE:OTIS) issued its earnings results on Wednesday, January, 31st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 30.75% and a net margin of 9.90%. During the same quarter in the previous year, the firm posted $0.75 EPS. 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 Thursday, February 1st. Investors of record on Friday, February 16th will be paid a dividend of $0.34 per share on Friday, March 8th. This represents a $1.36 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, February 15th. 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 1.36%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 31.70% 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 Invesco S&P Spin-Off ETF (CSD), First Trust US Equity Opportunities ETF (FPX), AdvisorShares Focused Equity ETF (CWS), SmartETFs Dividend Builder ETF (DIVS), ClearBridge Focus Value ESG ETF (CFCV), WisdomTree U.S. AI Enhanced Value Fund (AIVL), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and Tema Monopolies and Oligopolies ETF (TOLL). What guidance has Otis Worldwide issued on next quarter's earnings? Otis Worldwide updated its FY24 earnings guidance on Thursday, February, 15th. The company provided earnings per share guidance of $3.79-$3.89 for the period, compared to the consensus earnings per share estimate of $3.86. Who are Otis Worldwide's major shareholders? Otis Worldwide's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.29%), Vanguard Group Inc. (11.29%), Capital Research Global Investors (2.17%), Fiera Capital Corp (1.86%), Massachusetts Financial Services Co. MA (1.85%) and Norges Bank (1.73%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeYour Money is Not SafeAmerican AlternativeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaOnly a fool would buy Nvidia today… Porter & CompanyThe ONE AI Sock to own now. (It’s not Nvidia.)Weiss RatingsForget 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Otis Worldwide Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.