NYSE:OTIS Otis Worldwide (OTIS) Stock Forecast, Price & News $79.29 -1.66 (-2.05%) (As of 09/26/2023 ET) Add Compare Share Share Today's Range$79.21▼$80.7250-Day Range$79.29▼$90.9652-Week Range$62.49▼$91.33Volume3.36 million shsAverage Volume1.85 million shsMarket Capitalization$32.65 billionP/E Ratio25.01Dividend Yield1.72%Price Target$87.86 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Otis Worldwide MarketRank™ ForecastAnalyst RatingHold2.14 Rating ScoreUpside/Downside10.8% Upside$87.86 Price TargetShort InterestHealthy1.01% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.49Based on 17 Articles This WeekInsider TradingSelling Shares$938,740 Sold Last QuarterProj. Earnings Growth10.09%From $3.47 to $3.82 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.33 out of 5 starsConstruction Sector79th out of 102 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 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $87.86, Otis Worldwide has a forecasted upside of 10.8% from its current price of $79.29.Amount of Analyst CoverageOtis Worldwide has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.01% 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 2.3, 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 9.52%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.68%, 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 42.90%. 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 35.60% 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 0.49. 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 0.79 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Otis Worldwide this week, compared to 9 articles on an average week.MarketBeat Follows10 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is an increase of 400% 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 $938,740.00 in company stock.Percentage Held by InsidersOnly 0.15% of the stock of Otis Worldwide is held by insiders.Percentage Held by Institutions85.48% 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 10.09% in the coming year, from $3.47 to $3.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 25.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 25.01, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 15.15. Previous Next See Top Rated MarketRank™ Stocks Here About Otis Worldwide (NYSE:OTIS) StockOtis Worldwide Corporation engages in the 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. 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OTIS Stock News HeadlinesSeptember 26, 2023 | finance.yahoo.comOtis Colleagues in Malaysia Host Kids Safety Ambassador ProgramSeptember 23, 2023 | msn.comSex Education Series Finale Recap: Was Otis and Maeve's Ending a Happy One?September 27, 2023 | Stansberry Research (Ad)A 73-Year-Old Market Signal With 95% Accuracy Just FlashedThis signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.September 23, 2023 | ca.news.yahoo.comSex Education Series Finale Recap: Was Otis and Maeve’s Ending a Happy One?September 22, 2023 | yahoo.comWait, so are we getting 'Sex Education' season 5 after all?September 21, 2023 | msn.com‘Sex Education’ Gets the Ending Right for Everyone but OtisSeptember 21, 2023 | forbes.com30-Year Mortgage Rates Barely Twitch, Says Freddie Mac, As Fed Stands PatSeptember 21, 2023 | yahoo.com19 Sex Education Moments That Made It the Best Show on TVSeptember 27, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 21, 2023 | yahoo.comSex Education season four review: For all its vibrant, saturated palate, this has always been a show rendered in black and whiteSeptember 20, 2023 | marketwatch.comOtis Worldwide Corp. stock falls Wednesday, still outperforms marketSeptember 20, 2023 | yahoo.com'Sex Education' Season 4: Cast, release date, how to watch final episodes of Netflix showSeptember 20, 2023 | finance.yahoo.comOtis’ Women in Technology ERG Teams Up With Girls for Technology, Inc.September 19, 2023 | msn.com"Sex Education" Is Ending After Season 4, but a Spinoff Isn't Off the TableSeptember 18, 2023 | msn.comWill Sex Education on Netflix get a spin-off?September 18, 2023 | markets.businessinsider.comWells Fargo Sticks to Their Hold Rating for Otis Worldwide (OTIS)September 16, 2023 | chron.comHere are 10 major Connecticut companies that are hiring right nowSeptember 15, 2023 | yahoo.comSex Education Season 5 Release Date Rumors: Is It Coming Out?September 14, 2023 | uk.style.yahoo.comJamie Otis opens up about having a blocked fallopian tube. What causes it?September 14, 2023 | seekingalpha.comOtis Worldwide Corporation (OTIS) Morgan Stanley 11th Annual Laguna Conference - (Transcript)September 12, 2023 | msn.comMilo and Otis theory about mass 'animal deaths' still haunts the film 36 years laterSeptember 11, 2023 | finance.yahoo.comWhat Is Otis Worldwide Corporation's (NYSE:OTIS) Share Price Doing?September 11, 2023 | markets.businessinsider.comWells Fargo Remains a Hold on Otis Worldwide (OTIS)September 9, 2023 | msn.comOtis Redding died a horrific death: His friend could only watchSeptember 8, 2023 | news.yahoo.com‘King of Soul Music Festival’ celebrating Otis Redding’s legacy slated for today, SaturdaySeptember 7, 2023 | msn.comBenjamin Franklin Parkway is getting a redesign. You can weigh in on the changes.September 6, 2023 | yahoo.com13 New And Returning TV Shows To Get Excited About This SeptemberSee 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 OTIS Company Calendar Last Earnings7/26/2023Ex-Dividend for 9/8 Dividend8/17/2023Dividend Payable9/08/2023Today9/27/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electronic, electrical equipment & components, except computer equipment Sub-IndustryN/A SectorConstruction Current SymbolNYSE:OTIS CUSIPN/A CIK1781335 Webwww.otis.com Phone860-674-3000FaxN/AEmployees69,000Year Founded1853Price Target and Rating Average Stock Price Forecast$87.86 High Stock Price Forecast$100.00 Low Stock Price Forecast$76.00 Forecasted Upside/Downside+10.8%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.17 Trailing P/E Ratio25.01 Forward P/E Ratio22.85 P/E GrowthN/ANet Income$1.25 billion Net Margins9.59% Pretax Margin14.23% Return on Equity-28.62% Return on Assets14.02% Debt Debt-to-Equity RatioN/A Current Ratio0.90 Quick Ratio0.81 Sales & Book Value Annual Sales$13.69 billion Price / Sales2.39 Cash Flow$3.63 per share Price / Cash Flow21.86 Book Value($11.57) per share Price / Book-6.85Miscellaneous Outstanding Shares411,740,000Free Float411,127,000Market Cap$32.65 billion OptionableOptionable Beta0.97 Social Links 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesMs. Judith F. Marks (Age 59)Chair, Pres & CEO Comp: $4.44MMr. Anurag Maheshwari (Age 49)Exec. VP & CFO Comp: $1.74MMs. Nora E. LaFreniere (Age 52)Exec. VP & Chief Gen. Counsel Comp: $1.45MMr. Peiming Zheng (Age 55)Exec. VP & Chief Product, Delivery and Customer Officer Comp: $2.55MMr. Stephane de Montlivault (Age 63)Pres of Otis Asia Pacific Comp: $1.62MMr. Todd GlanceExec. VP of OperationsMr. Michael Patrick Ryan (Age 53)VP & Chief Accounting Officer Rina LeonardVP & Global Chief Information OfficerMs. Randi TanguayVP & Chief Communications OfficerMs. Robin FialaVP of Sales & MarketingMore ExecutivesKey CompetitorsLennarNYSE:LENUnited RentalsNYSE:URID.R. HortonNYSE:DHIQuanta ServicesNYSE:PWRVulcan MaterialsNYSE:VMCView All CompetitorsInsiders & InstitutionsM Holdings Securities Inc.Sold 15,175 shares on 9/26/2023Ownership: 0.003%Barclays PLCBought 397,422 shares on 9/21/2023Ownership: 0.128%ST Germain D J Co. Inc.Bought 2,926 shares on 9/7/2023Ownership: 0.001%Brown Shipley& Co LtdBought 3,978 shares on 8/25/2023Ownership: 0.008%Alberta Investment Management CorpBought 48,089 shares on 8/24/2023Ownership: 0.018%View All Insider TransactionsView All Institutional Transactions OTIS Stock - Frequently Asked Questions Should I buy or sell Otis Worldwide stock right now? 7 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 1 buy rating 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 forecast for 2023? 7 equities research analysts have issued 12 month price objectives for Otis Worldwide's shares. Their OTIS share price forecasts range from $76.00 to $100.00. On average, they predict the company's stock price to reach $87.86 in the next year. This suggests a possible upside of 10.8% 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 2023? Otis Worldwide's stock was trading at $78.31 on January 1st, 2023. Since then, OTIS stock has increased by 1.3% and is now trading at $79.29. 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, October 25th 2023. 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, July, 26th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.59 billion. Otis Worldwide had a net margin of 9.59% and a negative trailing twelve-month return on equity of 28.62%. Otis Worldwide's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. 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 Thursday, July 27th. Investors of record on Friday, August 18th will be given a dividend of $0.34 per share on Friday, September 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, August 17th. 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). 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 1.68%. 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 42.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 35.60% 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 issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $3.45-$3.50 for the period, compared to the consensus estimate of $3.48. The company issued revenue guidance of $14.00 billion-$14.30 billion, compared to the consensus revenue estimate of $14.13 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.56%), State Street Corp (3.90%), Alliancebernstein L.P. (2.97%), Geode Capital Management LLC (2.46%), Capital Research Global Investors (2.18%) and Fiera Capital Corp (2.12%). 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 $79.29. How much money does Otis Worldwide make? Otis Worldwide (NYSE:OTIS) has a market capitalization of $32.65 billion and generates $13.69 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $3.17 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 9/27/2023 by MarketBeat.com Staff 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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