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DOW   35,294.76
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S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
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S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
pixel
S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
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NYSE:OTIS

Otis Worldwide Stock Forecast, Price & News

$84.10
+0.69 (+0.83 %)
(As of 10/15/2021 12:00 AM ET)
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Today's Range
$83.49
$84.69
50-Day Range
$81.28
$92.37
52-Week Range
$58.77
$92.84
Volume1.68 million shs
Average Volume2.48 million shs
Market Capitalization$35.89 billion
P/E Ratio31.62
Dividend Yield1.15%
Beta0.85
30 days | 90 days | 365 days | Advanced Chart
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Otis Worldwide logo

About Otis Worldwide

Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates through 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. The company was founded in 1853 and is headquartered in Farmington, Connecticut.

Headlines

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Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Phone
N/A
Employees
2,020
Year Founded
1853

Sales & Book Value

Annual Sales
$12.76 billion
Cash Flow
$2.83 per share
Book Value
($7.58) per share

Profitability

Net Income
$906 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$35.89 billion
Next Earnings Date
10/25/2021 (Confirmed)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.70 out of 5 stars

Construction Sector

22nd out of 136 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd out of 3 stocks

Analyst Opinion: 2.1Community Rank: 3.5Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Otis Worldwide (NYSE:OTIS) Frequently Asked Questions

Is Otis Worldwide a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last year. There are currently 2 sell ratings, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Otis Worldwide stock. 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 analyst ratings for Otis Worldwide
or view top-rated stocks.

What stocks does MarketBeat like better than Otis Worldwide?

Wall Street analysts have given Otis Worldwide a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Otis Worldwide wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Otis Worldwide?

Otis Worldwide saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,490,000 shares, a decrease of 23.2% from the August 15th total of 5,850,000 shares. Based on an average trading volume of 1,870,000 shares, the short-interest ratio is currently 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?

Otis Worldwide is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Otis Worldwide
.

How can I listen to Otis Worldwide's earnings call?

Otis Worldwide will be holding an earnings conference call on Monday, October 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) announced its quarterly earnings data on Sunday, July, 25th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.08. The firm earned $3.70 billion during the quarter, compared to the consensus estimate of $3.46 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 37.04% and a net margin of 8.30%.
View Otis Worldwide's earnings history
.

How often does Otis Worldwide pay dividends? What is the dividend yield for Otis Worldwide?

Otis Worldwide announced a quarterly dividend on Thursday, July 29th. Investors of record on Friday, August 20th will be given a dividend of $0.24 per share on Friday, September 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, August 19th.
View Otis Worldwide's dividend history
.

Is Otis Worldwide a good dividend stock?

Otis Worldwide pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.15%. Otis Worldwide has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Otis Worldwide is 38.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Otis Worldwide will have a dividend payout ratio of 29.36% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend.
View Otis Worldwide's dividend history.

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

Otis Worldwide issued an update on its FY 2021 earnings guidance on Monday, August, 2nd. The company provided earnings per share guidance of $2.890-$2.930 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.870. The company issued revenue guidance of $14.10 billion-$14.20 billion, compared to the consensus revenue estimate of $13.87 billion.

What price target have analysts set for OTIS?

9 brokers have issued 1-year target prices for Otis Worldwide's shares. Their forecasts range from $65.00 to $95.00. On average, they anticipate Otis Worldwide's share price to reach $82.88 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts' price targets for Otis Worldwide
or view top-rated stocks among Wall Street analysts.

Who are Otis Worldwide's key executives?

Otis Worldwide's management team includes the following people:
  • Mr. Christopher J. Kearney, Exec. Chairman (Age 65)
  • Ms. Judith F. Marks, Pres, CEO & Director (Age 57, Pay $4.06M)
  • Mr. Rahul Ghai, Exec. VP & CFO (Age 49, Pay $2.01M)
  • Ms. Nora E. LaFreniere, Exec. VP, Chief Gen. Counsel & Company Sec. (Age 50, Pay $1.29M)
  • Mr. Zheng Peiming, Pres of China (Age 53, Pay $2.57M)
  • Mr. Stephane de Montlivault, Pres of Asia Pacific (Age 61, Pay $1.6M)
  • Mr. Todd Glance, Exec. VP of Operations
  • Mr. Michael Patrick Ryan, VP, Chief Accounting Officer & Controller (Age 51)
  • Ms. Stacy Laszewski, VP of Financial Planning & Analysis and Investor Relations
  • Ms. Randi Tanguay, VP & Chief Communications Officer

Who are some of Otis Worldwide's key competitors?

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 shareholders include Welch & Forbes LLC (0.08%), Carnegie Capital Asset Management LLC (0.04%), State of Alaska Department of Revenue (0.03%), CHURCHILL MANAGEMENT Corp (0.02%), DNB Asset Management AS (0.02%) and Lincoln Capital LLC (0.02%). Company insiders that own Otis Worldwide stock include Fernandez Bernardo Calleja, Judith Fran Marks, Michael Patrick Ryan, Montlivault Stephane De and Peiming Zheng.
View institutional ownership trends for Otis Worldwide
.

Which major investors are selling Otis Worldwide stock?

OTIS stock was sold by a variety of institutional investors in the last quarter, including IFP Advisors Inc, Cullinan Associates Inc., AdvisorNet Financial Inc, Welch & Forbes LLC, Cohen Klingenstein LLC, Fifth Third Bancorp, Webster Bank N. A., and Veriti Management LLC. Company insiders that have sold Otis Worldwide company stock in the last year include Fernandez Bernardo Calleja, Judith Fran Marks, Michael Patrick Ryan, and Peiming Zheng.
View insider buying and selling activity for Otis Worldwide
or view top insider-selling stocks.

Which major investors are buying Otis Worldwide stock?

OTIS stock was bought by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Pacer Advisors Inc., Private Advisor Group LLC, Carnegie Capital Asset Management LLC, Pensionfund DSM Netherlands, BKD Wealth Advisors LLC, Ipswich Investment Management Co. Inc., and Becker Capital Management Inc..
View insider buying and selling activity for Otis Worldwide
or or view top insider-buying stocks.

How do I buy shares of Otis Worldwide?

Shares of OTIS 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 $84.10.

How much money does Otis Worldwide make?

Otis Worldwide has a market capitalization of $35.89 billion and generates $12.76 billion in revenue each year. The company earns $906 million in net income (profit) each year or $2.52 on an earnings per share basis.

How many employees does Otis Worldwide have?

Otis Worldwide employs 2,020 workers across the globe.

When was Otis Worldwide founded?

Otis Worldwide was founded in 1853.

What is Otis Worldwide's official website?

The official website for Otis Worldwide is www.otis.com.

Where are Otis Worldwide's headquarters?

Otis Worldwide is headquartered at ONE CARRIER PLACE, FARMINGTON CT, 06032.

How can I contact Otis Worldwide?

Otis Worldwide's mailing address is ONE CARRIER PLACE, FARMINGTON CT, 06032. The company can be reached via email at [email protected].


This page was last updated on 10/16/2021 by MarketBeat.com Staff

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