NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis → Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS (From Paradigm Press) (Ad) Free OTIS Stock Alerts $96.79 +0.23 (+0.24%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$96.15▼$96.8350-Day Range$91.20▼$100.2152-Week Range$73.32▼$100.35Volume1.63 million shsAverage Volume2.08 million shsMarket Capitalization$39.13 billionP/E Ratio27.97Dividend Yield1.61%Price Target$97.71 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/Downside1.0% Upside$97.71 Price TargetShort InterestHealthy1.14% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.35Based on 30 Articles This WeekInsider TradingSelling Shares$4.52 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.4.43 out of 5 starsConstruction Sector11th 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.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 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 1.61%, 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 1.9 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 0.35. 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 0.75 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 30 news articles for Otis Worldwide this week, compared to 14 articles on an average week.Search InterestOnly 8 people have searched for OTIS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 10.57% 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 27.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 27.97, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 22.23.Read more about Otis Worldwide's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad True Market InsidersThe CHIPS Act MotherlodeIf you haven’t heard yet, the CHIPS Act is the US government pouring $280 BILLION into the manufacturing of US semiconductors. A lot of companies will make a fortune from this.Click here to see my #1 investment for 2024. 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 18 at 2:02 PM | yahoo.comEast High senior Kerschner, from 'introvert' freshman to nationally ranked speech competitorMay 18 at 8:59 AM | omaha.comOmaha neighbors: Obituaries for May 18May 17 at 12:20 PM | msn.com‘The Chi’ Stars Curtiss Cook, Lynn Whitfield on Their Feud and a “Shakespearean Spiral” AheadMay 17 at 12:20 PM | seekingalpha.comOtis Worldwide: Solid Fundamentals And Growth Levers, But Highly Valued, HoldMay 17 at 8:23 AM | msn.comHBO's 'STAX: Soulsville U.S.A.': How to watch, stream new series on Memphis music companyMay 17 at 7:20 AM | omaha.comOmaha neighbors: Obituaries for May 17May 17 at 7:20 AM | msn.comWho is Korbe Otis? How Florida softball LF helped Gators after transfer from LouisvilleMay 17 at 3:44 AM | americanbankingnews.comEquities Analysts Offer Predictions for Otis Worldwide Co.'s Q3 2024 Earnings (NYSE:OTIS)May 17 at 3:22 AM | yahoo.comNetflix’s ‘Thelma the Unicorn’ Is the Next Animated Romp Your Kids Will LoveMay 16 at 10:55 AM | msn.comUncover World-Class Entertainment and Hospitality With Mundo ImperialMay 15, 2024 | americanbankingnews.comOtis Worldwide (NYSE:OTIS) Price Target Raised to $108.00May 15, 2024 | americanbankingnews.comOtis Worldwide Co. (NYSE:OTIS) Receives Consensus Recommendation of "Hold" from AnalystsMay 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 boyMay 14, 2024 | msn.comWWE RAW 5/13/2024: 3 Things We Hated And 3 Things We LovedMay 13, 2024 | yahoo.comIvar: Guys Like Me, Bronson Reed, And Otis Are Changing The Perception Of The Big ManMay 13, 2024 | msn.comHero saves the day and rescues frightened kitten stuck in a tree near Worden Park in LeylandMay 13, 2024 | americanbankingnews.comOtis Worldwide Co. (NYSE:OTIS) Short Interest UpdateMay 11, 2024 | msn.comUN Report: Climate Extremes Slammed Latin America and the Caribbean Last YearMay 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'See 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 Earnings4/24/2024Ex-Dividend for 6/7 Dividend5/16/2024Today5/18/2024Dividend 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+1.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio27.97 Forward P/E Ratio24.95 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 / Sales2.75 Cash Flow$4.11 per share Price / Cash Flow23.56 Book Value($12.22) per share Price / Book-7.92Miscellaneous Outstanding Shares404,320,000Free Float403,393,000Market Cap$39.13 billion OptionableOptionable Beta1.03 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in 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:LENHowmet AerospaceNYSE:HWMView All CompetitorsInsiders & InstitutionsComerica BankSold 1,980 shares on 5/17/2024Ownership: 0.027%Brown Shipley& Co LtdBought 5,259 shares on 5/17/2024Ownership: 0.012%iA Global Asset Management Inc.Bought 3,438 shares on 5/17/2024Ownership: 0.003%LBP AM SASold 1,100 shares on 5/17/2024Ownership: 0.003%Hancock Whitney CorpBought 111 shares on 5/17/2024Ownership: 0.001%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 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 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 brokerages have issued 1-year target prices for Otis Worldwide's shares. Their OTIS share price targets range from $88.00 to $108.00. On average, they expect the company's share price to reach $97.71 in the next year. This suggests a possible upside of 1.0% from the stock's current price. 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 stock has increased by 8.2% and is now trading at $96.79. View the best growth stocks for 2024 here. Are investors shorting Otis Worldwide? Otis Worldwide saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 4,600,000 shares, a decrease 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. Approximately 1.1% of the company's shares 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 results on Wednesday, April, 24th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $3.44 billion for 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 dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change 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 1.61%. 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), 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 issued an update on 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 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 many different 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. This page (NYSE:OTIS) was last updated on 5/19/2024 by MarketBeat.com Staff From Our PartnersBuy this small stock before coming AI Tidal WaveChaikin AnalyticsCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingShocking $16T Elon Musk Crypto LeakCrypto 101 MediaForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsDems have chosen Biden replacement?Paradigm PressHow Biden has already won 2024Porter & CompanyExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersA letter is coming from the "Bureau of the Fiscal Service".Stansberry Research 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. 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