S&P 500   4,272.96 (-0.02%)
DOW   33,510.59 (-0.16%)
QQQ   354.17 (-0.21%)
AAPL   178.31 (-0.71%)
MSFT   333.09 (-0.85%)
META   274.04 (+0.98%)
GOOGL   127.50 (+1.18%)
AMZN   127.22 (+1.53%)
TSLA   218.59 (+0.45%)
NVDA   384.32 (-1.89%)
NIO   7.75 (+1.04%)
BABA   86.65 (+2.67%)
AMD   123.15 (+4.43%)
T   15.72 (+2.14%)
F   12.91 (+2.54%)
MU   68.00 (+0.34%)
CGC   0.75 (-3.93%)
GE   104.92 (+0.79%)
DIS   92.27 (+1.40%)
AMC   4.63 (+0.00%)
PFE   38.71 (+0.16%)
PYPL   64.75 (+0.37%)
NFLX   397.81 (-1.42%)
S&P 500   4,272.96 (-0.02%)
DOW   33,510.59 (-0.16%)
QQQ   354.17 (-0.21%)
AAPL   178.31 (-0.71%)
MSFT   333.09 (-0.85%)
META   274.04 (+0.98%)
GOOGL   127.50 (+1.18%)
AMZN   127.22 (+1.53%)
TSLA   218.59 (+0.45%)
NVDA   384.32 (-1.89%)
NIO   7.75 (+1.04%)
BABA   86.65 (+2.67%)
AMD   123.15 (+4.43%)
T   15.72 (+2.14%)
F   12.91 (+2.54%)
MU   68.00 (+0.34%)
CGC   0.75 (-3.93%)
GE   104.92 (+0.79%)
DIS   92.27 (+1.40%)
AMC   4.63 (+0.00%)
PFE   38.71 (+0.16%)
PYPL   64.75 (+0.37%)
NFLX   397.81 (-1.42%)
S&P 500   4,272.96 (-0.02%)
DOW   33,510.59 (-0.16%)
QQQ   354.17 (-0.21%)
AAPL   178.31 (-0.71%)
MSFT   333.09 (-0.85%)
META   274.04 (+0.98%)
GOOGL   127.50 (+1.18%)
AMZN   127.22 (+1.53%)
TSLA   218.59 (+0.45%)
NVDA   384.32 (-1.89%)
NIO   7.75 (+1.04%)
BABA   86.65 (+2.67%)
AMD   123.15 (+4.43%)
T   15.72 (+2.14%)
F   12.91 (+2.54%)
MU   68.00 (+0.34%)
CGC   0.75 (-3.93%)
GE   104.92 (+0.79%)
DIS   92.27 (+1.40%)
AMC   4.63 (+0.00%)
PFE   38.71 (+0.16%)
PYPL   64.75 (+0.37%)
NFLX   397.81 (-1.42%)
S&P 500   4,272.96 (-0.02%)
DOW   33,510.59 (-0.16%)
QQQ   354.17 (-0.21%)
AAPL   178.31 (-0.71%)
MSFT   333.09 (-0.85%)
META   274.04 (+0.98%)
GOOGL   127.50 (+1.18%)
AMZN   127.22 (+1.53%)
TSLA   218.59 (+0.45%)
NVDA   384.32 (-1.89%)
NIO   7.75 (+1.04%)
BABA   86.65 (+2.67%)
AMD   123.15 (+4.43%)
T   15.72 (+2.14%)
F   12.91 (+2.54%)
MU   68.00 (+0.34%)
CGC   0.75 (-3.93%)
GE   104.92 (+0.79%)
DIS   92.27 (+1.40%)
AMC   4.63 (+0.00%)
PFE   38.71 (+0.16%)
PYPL   64.75 (+0.37%)
NFLX   397.81 (-1.42%)
NYSE:OTIS

Otis Worldwide (OTIS) Stock Forecast, Price & News

$85.30
+0.77 (+0.91%)
(As of 12:50 PM ET)
Compare
Today's Range
$84.45
$85.55
50-Day Range
$78.49
$86.26
52-Week Range
$62.49
$87.33
Volume
515,601 shs
Average Volume
1.85 million shs
Market Capitalization
$35.25 billion
P/E Ratio
28.15
Dividend Yield
1.59%
Price Target
$81.10

Otis Worldwide MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
4.9% Downside
$81.10 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.67
Upright™ Environmental Score
News Sentiment
0.66mentions of Otis Worldwide in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$61,056 Sold Last Quarter
Proj. Earnings Growth
8.99%
From $3.45 to $3.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Construction Sector

39th out of 104 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

3rd out of 3 stocks


OTIS stock logo

About Otis Worldwide (NYSE:OTIS) Stock

Otis Worldwide Corporation manufactures, installs, and services 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.

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.

OTIS Stock News Headlines

It's Electric: Ride Along in an Otis EV
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Otis Awards Scholarships to 60 Female STEM Students
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
See More Headlines

OTIS Price History

OTIS Company Calendar

Ex-Dividend for 3/10 Dividend
2/16/2023
Dividend Payable
3/10/2023
Last Earnings
4/26/2023
Ex-Dividend for 6/9 Dividend
5/18/2023
Today
6/06/2023
Dividend Payable
6/09/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Fax
N/A
Employees
69,000
Year Founded
1853

Price Target and Rating

Average Stock Price Forecast
$81.10
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
-4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
13.80%

Debt

Sales & Book Value

Annual Sales
$13.69 billion
Cash Flow
$3.68 per share
Book Value
($11.57) per share

Miscellaneous

Free Float
412,671,000
Market Cap
$35.24 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Ms. Judith F. MarksMs. Judith F. Marks (Age 58)
    Chair, Pres & CEO
    Comp: $5.22M
  • Ms. Nora E. LaFreniereMs. Nora E. LaFreniere (Age 51)
    Exec. VP & Chief Gen. Counsel
    Comp: $1.61M
  • Mr. Peiming ZhengMr. Peiming Zheng (Age 54)
    Pres of China & Chief Customer Product Officer
    Comp: $3.74M
  • Mr. Stephane de Montlivault (Age 62)
    Pres of Otis Asia Pacific
    Comp: $1.68M
  • Mr. Anurag Maheshwari
    Exec. VP & CFO
  • Mr. Todd Glance
    Exec. VP of Operations
  • Mr. Michael Patrick RyanMr. Michael Patrick Ryan (Age 52)
    VP & Chief Accounting Officer
  • Rina Leonard
    VP & Global Chief Information Officer
  • Ms. Randi Tanguay
    VP & Chief Communications Officer
  • Ms. Robin Fiala
    VP of Sales & Marketing













OTIS Stock - Frequently Asked Questions

Should I buy or sell Otis Worldwide stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 9 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 forecast for 2023?

11 equities research analysts have issued twelve-month price objectives for Otis Worldwide's shares. Their OTIS share price forecasts range from $62.00 to $95.00. On average, they expect the company's stock price to reach $81.10 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
View analysts price targets for OTIS
or view top-rated stocks among Wall Street analysts.

How have OTIS shares performed in 2023?

Otis Worldwide's stock was trading at $78.31 at the start of the year. Since then, OTIS shares have increased by 8.9% and is now trading at $85.27.
View the best growth stocks for 2023 here
.

When is Otis Worldwide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our OTIS earnings forecast
.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) posted its quarterly earnings results on Wednesday, April, 26th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.06. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. Otis Worldwide had a net margin of 9.35% and a negative trailing twelve-month return on equity of 28.04%. The firm's revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 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 Tuesday, April 25th. Investors of record on Friday, May 19th will be given a dividend of $0.34 per share on Friday, June 9th. This represents a $1.36 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, May 18th. This is an increase from the stock's previous quarterly dividend of $0.29.
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 1.59%. 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 44.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 36.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTIS.

What guidance has Otis Worldwide issued on next quarter's earnings?

Otis Worldwide updated its FY23 earnings guidance on Wednesday, April, 26th. The company provided EPS guidance of $3.40-$3.50 for the period, compared to the consensus earnings per share estimate of $3.44. The company issued revenue guidance of $13.9-$14.2 billion, compared to the consensus revenue estimate of $14.08 billion.

What is Otis Worldwide's stock symbol?

Otis Worldwide trades on the New York Stock Exchange (NYSE) under the ticker symbol "OTIS."

Who are Otis Worldwide's major shareholders?

Otis Worldwide's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.56%), State Street Corp (3.82%), Geode Capital Management LLC (2.38%), Fiera Capital Corp (2.22%), Dodge & Cox (1.26%) and Boston Partners (1.14%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Otis Worldwide's stock price today?

One share of OTIS stock can currently be purchased for approximately $85.27.

How much money does Otis Worldwide make?

Otis Worldwide (NYSE:OTIS) has a market capitalization of $35.24 billion and generates $13.69 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $3.03 on an earnings per share basis.

How many employees does Otis Worldwide have?

The company employs 69,000 workers across the globe.

How can I contact Otis Worldwide?

Otis Worldwide's mailing address is ONE CARRIER PLACE, FARMINGTON CT, 06032. The official website for the company is www.otis.com. The company can be reached via phone at 860-674-3000 or via email at investorrelations@otis.com.

This page (NYSE:OTIS) was last updated on 6/6/2023 by MarketBeat.com Staff

My Account -