NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis → Millionaire-Making “Wealth Pattern” Just Repeated on April 22 (From Paradigm Press) (Ad) Free OTIS Stock Alerts $98.64 -0.77 (-0.77%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$98.55▼$100.0350-Day Range$91.20▼$100.7852-Week Range$73.32▼$100.84Volume1.92 million shsAverage Volume2.05 million shsMarket Capitalization$39.88 billionP/E Ratio28.51Dividend Yield1.58%Price Target$97.71 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Otis Worldwide alerts: Email Address Otis Worldwide MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside0.9% Downside$97.71 Price TargetShort InterestHealthy1.10% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment1.47Based on 7 Articles This WeekInsider TradingSelling Shares$2.84 M Sold Last QuarterProj. Earnings Growth10.57%From $3.88 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.4.24 out of 5 starsConstruction Sector21st out of 98 stocksElectronic, Electrical Equipment & Components, Except Computer Equipment Industry2nd 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 5 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 4.0 Short Interest Percentage of Shares Shorted1.10% 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 3.48%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.55%, 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 45.09%. 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 36.36% 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 2.5 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 1.47. 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 1.03 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Otis Worldwide this week, compared to 14 articles on an average week.Search InterestOnly 4 people have searched for OTIS on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 $2,844,803.00 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 10.57% in the coming year, from $3.88 to $4.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 28.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 28.51, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 23.04.Read more about Otis Worldwide's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe new masters of energyAccording to one source, this new grid could soon provide energy to “one billion people in the world who don’t have access to electricity right now.” And early investors could make a fortune.Click here to get all the details. 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 27, 2024 | msn.comWorld champion looks weak, major botch ending - 4 mistakes WWE made at King and Queen of the RingMay 25, 2024 | msn.comT. Graham Brown Joins Voices with Randy Houser on Otis Redding Classic '(Sittin' On) The Dock of the Bay' (Exclusive)May 24, 2024 | msn.comUF near WCWS bid after Gators’ Korbe Otis seals win against BaylorMay 23, 2024 | sg.news.yahoo.comPatti LaBelle worried 'she was going to drown' Otis ReddingMay 21, 2024 | yahoo.comOtis Redding’s estate partners with Sony to administer the Macon legend’s catalogMay 21, 2024 | msn.comOtis Redding Family Taps Sony Music Publishing to Administer Catalog in U.S.May 21, 2024 | msn.comOtis Redding Estate and Sony Music Publishing Announce New PartnershipMay 20, 2024 | msn.comMusic Industry Moves: Otis Redding Estate Taps Sony Music Publishing for Catalog AdministrationMay 20, 2024 | tmcnet.comBig O Holdings LLC and Sony Music Publishing Announce New Partnership to Administer Otis Redding CatalogMay 20, 2024 | msn.com‘Stax: Soulsville U.S.A.' Salutes ‘Tenacious' Spirit Behind Label Home of Isaac Hayes, Otis Redding, Booker TMay 20, 2024 | yahoo.comThelma the Unicorn Streaming: Watch & Stream Online via NetflixMay 20, 2024 | forbes.comClimate Policy: A Glass Half-Full Or Half-Empty?May 18, 2024 | yahoo.comEast High senior Kerschner, from 'introvert' freshman to nationally ranked speech competitorMay 18, 2024 | omaha.comOmaha neighbors: Obituaries for May 18May 17, 2024 | msn.com‘The Chi’ Stars Curtiss Cook, Lynn Whitfield on Their Feud and a “Shakespearean Spiral” AheadMay 17, 2024 | seekingalpha.comOtis Worldwide: Solid Fundamentals And Growth Levers, But Highly Valued, HoldMay 17, 2024 | msn.comHBO's 'STAX: Soulsville U.S.A.': How to watch, stream new series on Memphis music companyMay 17, 2024 | omaha.comOmaha neighbors: Obituaries for May 17May 17, 2024 | msn.comWho is Korbe Otis? How Florida softball LF helped Gators after transfer from LouisvilleMay 17, 2024 | yahoo.comNetflix’s ‘Thelma the Unicorn’ Is the Next Animated Romp Your Kids Will LoveMay 16, 2024 | msn.comUncover World-Class Entertainment and Hospitality With Mundo ImperialMay 15, 2024 | msn.comUS Air Force prosecutors seek court-martial for leaker Jack TeixeiraMay 14, 2024 | finance.yahoo.comOtis Achieves Four Consecutive Years of "Noteworthy Company" RecognitionMay 14, 2024 | msn.comRod Stewart's daughter gives birth to first child days after singer's son welcomes baby boySee 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 Earnings4/24/2024Ex-Dividend for 6/7 Dividend5/16/2024Today6/07/2024Dividend 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$97.71 High Stock Price Target$108.00 Low Stock Price Target$88.00 Potential Upside/Downside-0.9%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio28.51 Forward P/E Ratio25.42 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 / Sales2.81 Cash Flow$4.01 per share Price / Cash Flow24.59 Book Value($11.97) per share Price / Book-8.24Miscellaneous Outstanding Shares404,320,000Free Float403,393,000Market Cap$39.88 billion OptionableOptionable Beta1.04 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMs. Judith F. Marks (Age 60)Chair, President & CEO Comp: $4.25MMr. Anurag Maheshwari (Age 50)Executive VP & CFO Comp: $1.98MMr. Peiming Zheng (Age 56)Executive VP & Chief Product, Delivery and Customer Officer Comp: $3.27MMs. Tracy A. Embree (Age 50)President of Otis Americas Comp: $800.08kMr. Enrique Minarro Viseras (Age 46)President of Otis Europe, Middle East & Africa Comp: $725.75kMr. Todd GlanceExecutive Vice President of OperationsMr. Michael Patrick Ryan (Age 53)Senior VP & Chief Accounting Officer Rina LeonardVP & Global Chief Information OfficerMs. Nora E. LaFreniere (Age 53)Executive VP & Chief General Counsel Comp: $1.45MMs. Randi TanguaySenior VP & Chief Communications OfficerMore ExecutivesKey CompetitorsEmerson ElectricNYSE:EMRGE VernovaNYSE:GEVInteractive StrengthNASDAQ:TRNRGeneral ElectricNYSE:GESherwin-WilliamsNYSE:SHWView All CompetitorsInsiders & InstitutionsRailway Pension Investments LtdSold 102,900 shares on 6/7/2024Ownership: 0.136%DekaBank Deutsche GirozentraleBought 16,181 shares on 6/4/2024Ownership: 0.040%Cacti Asset Management LLCSold 1,397 shares on 6/3/2024Ownership: 0.009%Cambridge Trust Co.Sold 475 shares on 5/30/2024Ownership: 0.001%Teachers Retirement System of The State of KentuckySold 2,133 shares on 5/28/2024Ownership: 0.008%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.: Recent increase in dividend payout ratio to 39.31% indicates strong financial health and commitment to shareholders. Positive analyst ratings changes, with multiple analysts upgrading the stock to "buy" or "outperform" ratings, suggesting growth potential. International Assets Investment Management LLC significantly increased its holdings in Otis Worldwide Co., indicating confidence in the company's future performance. Stable and growing demand for elevator and escalator services globally, providing a steady revenue stream for the company. Current stock price of $93.09, showing a consistent upward trend and potential for capital appreciation. Cons Investors should be bearish about investing in Otis Worldwide Co. for these reasons: Competition in the elevator and escalator industry is intense, leading to potential pricing pressures and margin challenges. Market volatility and economic uncertainties could impact the construction and real estate sectors, affecting Otis Worldwide's business. Dependence on global economic conditions for new equipment installations, making the company vulnerable to economic downturns. Potential regulatory changes or safety concerns in the industry could increase operational costs and impact profitability. Analysts have issued mixed ratings on the stock, with some maintaining a "hold" stance, indicating uncertainty in the short-term outlook. 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 Friday, May 31, 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 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 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 Wall Street analysts have issued 1 year price objectives for Otis Worldwide's shares. Their OTIS share price targets range from $88.00 to $108.00. On average, they predict the company's stock price to reach $97.71 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. 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 start of the year. Since then, OTIS shares have increased by 10.2% and is now trading at $98.64. View the best growth stocks for 2024 here. Are investors shorting Otis Worldwide? Otis Worldwide saw a drop in short interest in the month of 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 daily volume of 1,880,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.1% of the shares of the company 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) released its quarterly earnings data on Wednesday, April, 24th. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The business earned $3.44 billion during the quarter, compared to analyst estimates 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 declared 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 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, May 16th. This is an increase 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 $1.56 per share and currently has a dividend yield of 1.55%. 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 45.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 36.36% 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), Brookstone Value Stock ETF (BAMV), First Trust US Equity Opportunities ETF (FPX), VanEck Morningstar Wide Moat Growth ETF (MGRO), SmartETFs Dividend Builder ETF (DIVS), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), ClearBridge Focus Value ESG ETF (CFCV) and GMO U.S. Quality ETF (QLTY). 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 earnings per share 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.19%), Bank of New York Mellon Corp (0.88%), Capital Research Global Investors (0.87%), Sarasin & Partners LLP (0.80%), Mitsubishi UFJ Asset Management Co. Ltd. (0.79%) and Los Angeles Capital Management LLC (0.57%). 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. 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