NYSE:OTIS Otis Worldwide (OTIS) Stock Forecast, Price & News $85.66 -0.43 (-0.50%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$84.86▼$85.9750-Day Range$78.49▼$87.1952-Week Range$62.49▼$87.50Volume2.06 million shsAverage Volume2.20 million shsMarket Capitalization$35.40 billionP/E Ratio28.27Dividend Yield1.59%Price Target$81.10 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Otis Worldwide MarketRank™ ForecastAnalyst RatingHold2.18 Rating ScoreUpside/Downside5.3% Downside$81.10 Price TargetShort InterestHealthy0.99% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.67Upright™ Environmental ScoreNews Sentiment0.74Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth8.99%From $3.45 to $3.76 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.2.26 out of 5 starsIndustrials Sector3rd out of 12 stocksSpecialty Industrial Machinery Industry1st out of 1 stocks 1.1 Analyst's Opinion Consensus RatingOtis Worldwide has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 2 buy ratings, 9 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $81.10, Otis Worldwide has a forecasted downside of 5.3% from its current price of $85.66.Amount of Analyst CoverageOtis Worldwide has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.99% 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 decreased by 11.88%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.59%, 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 44.88%. 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 36.17% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOtis Worldwide has received a 13.45% 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 "Modernisation of elevators" products. See details.Environmental SustainabilityThe Environmental Impact score for Otis Worldwide is -1.67. Previous Next 2.6 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 0.74. 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 0.39 average news sentiment score of Industrials companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Otis Worldwide this week, compared to 8 articles on an average week.Search InterestOnly 9 people have searched for OTIS on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.MarketBeat Follows9 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is an increase of 800% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Otis Worldwide insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.11% of the stock of Otis Worldwide is held by insiders.Percentage Held by Institutions83.95% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Otis Worldwide are expected to grow by 8.99% in the coming year, from $3.45 to $3.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 28.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 28.27, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 609.55. 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 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 Stock News HeadlinesJune 9, 2023 | msn.comOTIS Launches the Digitally Connected Gen3 Core ElevatorJune 8, 2023 | finance.yahoo.comFleet Transformation Workshop at OtisJune 10, 2023 | Vantage Point (Ad)Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I.There’s a tool that scans and picks the best stocks…how you approach the trades is up to you. But when you’re forecasting 1 – 3 days in advance, it’s not really a guessing game. Stop guessing and start predicting to add consistency to your trades… no matter what happens in the market. June 8, 2023 | finance.yahoo.comOtis Unveils Connected Gen3 Core™ Elevator for North AmericaJune 8, 2023 | finance.yahoo.comOtis Worldwide Corporation (OTIS) Hit a 52 Week High, Can the Run Continue?June 7, 2023 | finance.yahoo.comOtis Worldwide (NYSE:OTIS) stock performs better than its underlying earnings growth over last three yearsJune 6, 2023 | finance.yahoo.comA Message From Judy Marks, Chair, Chief Executive Officer and President at Otis WorldwideJune 5, 2023 | americanbankingnews.comOtis Worldwide Co. (NYSE:OTIS) Receives Consensus Rating of "Hold" from BrokeragesJune 10, 2023 | Vector Vest (Ad)Free Stock Analysis Report: Get Buy, Sell, or Hold RecommendationGet a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. June 1, 2023 | finance.yahoo.comIt's Electric: Ride Along in an Otis EVMay 31, 2023 | finanznachrichten.deOtis Worldwide: Otis Awards Scholarships to 60 Female STEM StudentsMay 30, 2023 | yahoo.comJamie Otis shares 'confidence booster' in body-positive postMay 30, 2023 | finance.yahoo.comOtis Awards Scholarships to 60 Female STEM StudentsMay 29, 2023 | msn.comLocal World War II veterans return to NormandyMay 26, 2023 | yahoo.comOtis Taylor gets diploma 57 years after he was kicked out for his hairMay 26, 2023 | msn.comOtis Taylor wasn't allowed to graduate high school because of his hair. He finally got his diploma 57 years later.May 26, 2023 | finance.yahoo.comOtis Worldwide (OTIS) Down 5.2% Since Last Earnings Report: Can It Rebound?May 25, 2023 | finanznachrichten.deOtis Worldwide: Otis Recognized as One of 'America's Climate Leaders': USA TodayMay 25, 2023 | finance.yahoo.comOtis Recognized as One of 'America’s Climate Leaders': USA TodayMay 24, 2023 | msn.comChad Gable softens his stance on Maxxine Dupri and Otis’ relationship on RAWMay 23, 2023 | news.yahoo.comJason Sudeikis and Son Otis, 9, Share Sweet Father-Son Outing at Lakers Game: PhotoMay 23, 2023 | americanbankingnews.comCritical Analysis: Otis Worldwide (NYSE:OTIS) versus Interactive Strength (NASDAQ:TRNR)May 22, 2023 | uk.news.yahoo.comGermany's Bosch sells some Russian assets to holding company S8 CapitalMay 19, 2023 | news.yahoo.comBlues Singer Otis Taylor Receives HS Diploma After Being Expelled Due To Hair Discrimination In 1966May 18, 2023 | msn.comRod Stewart, 78, Is A ‘Happy Grandad’ Meeting His Newborn Grandchildren In 1st PhotosMay 17, 2023 | msn.comSir Rod Stewart cuddles newborn grandsons for the first timeMay 15, 2023 | msn.comSir Rod Stewart's daughter Ruby gives birth to sonSee More Headlines OTIS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OTIS Company Calendar Last Earnings4/26/2023Ex-Dividend for 6/9 Dividend5/18/2023Today6/09/2023Dividend Payable6/09/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Specialty Industrial Machinery Sub-IndustryN/A SectorIndustrials Current SymbolNYSE:OTIS CUSIPN/A CIK1781335 Webwww.otis.com Phone860-674-3000FaxN/AEmployees69,000Year Founded1853Price Target and Rating Average Stock Price Forecast$81.10 High Stock Price Forecast$95.00 Low Stock Price Forecast$62.00 Forecasted Upside/Downside-5.3%Consensus RatingHold Rating Score (0-4)2.18 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$3.03 Trailing P/E Ratio28.27 Forward P/E Ratio24.83 P/E GrowthN/ANet Income$1.25 billion Net Margins9.35% Pretax Margin13.80% Return on Equity-28.04% Return on Assets13.92% Debt Debt-to-Equity RatioN/A Current Ratio0.90 Quick Ratio0.81 Sales & Book Value Annual Sales$13.62 billion Price / Sales2.60 Cash Flow$3.63 per share Price / Cash Flow23.58 Book Value($11.57) per share Price / Book-7.40Miscellaneous Outstanding Shares413,291,000Free Float412,836,000Market Cap$35.40 billion OptionableOptionable Beta0.93 Social Links 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 CompetitorsCRHNYSE:CRHLennarNYSE:LEND.R. HortonNYSE:DHIVulcan MaterialsNYSE:VMCQuanta ServicesNYSE:PWRView All CompetitorsInsiders & InstitutionsEP Wealth Advisors LLCBought 1,176 shares on 6/5/2023Ownership: 0.000%Macquarie Group Ltd.Bought 29,865 shares on 6/1/2023Ownership: 0.180%Prelude Capital Management LLCBought 4,432 shares on 6/1/2023Ownership: 0.001%ProShare Advisors LLCBought 9,305 shares on 5/26/2023Ownership: 0.016%Old North State Trust LLCBought 404 shares on 5/23/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions OTIS Stock - Frequently Asked Questions Should I buy or sell Otis Worldwide stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last year. There are currently 9 hold ratings and 2 buy ratings 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? 11 brokerages have issued 1 year target prices for Otis Worldwide's stock. Their OTIS share price forecasts range from $62.00 to $95.00. On average, they expect the company's share price to reach $81.10 in the next twelve months. This suggests that the stock has a possible downside of 5.3%. 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 beginning of the year. Since then, OTIS shares have increased by 9.4% and is now trading at $85.66. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. The firm earned $3.35 billion during the quarter, compared to analysts' expectations of $3.26 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 28.04% and a net margin of 9.35%. Otis Worldwide's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm 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 declared a quarterly dividend on Tuesday, April 25th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.34 per share on Friday, June 9th. This represents a $1.36 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, May 18th. This is a boost from the stock's previous quarterly dividend of $0.29. 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), AdvisorShares Focused Equity ETF (CWS), BTD Capital Fund (DIP), SmartETFs Dividend Builder ETF (DIVS), First Trust US Equity Opportunities ETF (FPX), ClearBridge Focus Value ESG ETF (CFCV), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and Natixis Vaughan Nelson Mid Cap ETF (VNMC). 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 earnings per share 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 variety of retail and institutional 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 $85.66. How much money does Otis Worldwide make? Otis Worldwide (NYSE:OTIS) has a market capitalization of $35.40 billion and generates $13.62 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 6/10/2023 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. 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