NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis $93.48 +0.45 (+0.48%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$91.79▼$94.0150-Day Range$91.43▼$100.7852-Week Range$73.32▼$100.84Volume2.45 million shsAverage Volume2.10 million shsMarket Capitalization$37.80 billionP/E Ratio27.02Dividend Yield1.67%Price Target$98.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Otis Worldwide alerts: Email Address Otis Worldwide MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside5.7% Upside$98.83 Price TargetShort InterestHealthy1.31% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.42Based on 33 Articles This WeekInsider TradingSelling Shares$2.84 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.3.80 out of 5 starsConstruction Sector36th out of 101 stocksElectronic, Electrical Equipment & Components, Except Computer Equipment Industry3rd out of 4 stocks 1.1 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 only been the subject of 2 research reports in the past 90 days.Read more about Otis Worldwide's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.31% 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 2.5, 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 10.67%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.71%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOtis Worldwide does not have a long track record of dividend growth.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 3.0 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 0.42. 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 0.59 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 33 news articles for Otis Worldwide this week, compared to 13 articles on an average week.Search Interest6 people have searched for OTIS on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows3 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 $2,844,803.00 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 27.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.26.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 27.02, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 22.68.Read more about Otis Worldwide's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad American Hartford Gold GroupDave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.GET THE FREE GUIDE 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 HeadlinesJuly 26 at 5:52 PM | finance.yahoo.comOtis Worldwide Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagJuly 26 at 2:40 PM | americanbankingnews.comOtis Worldwide (NYSE:OTIS) Shares Gap Down to $98.38July 26, 2024 | Colonial Metals (Ad)Collapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.July 26 at 1:10 AM | ca.finance.yahoo.comOTIS Jan 2025 130.000 callJuly 25 at 11:39 PM | ca.finance.yahoo.comOTIS Jan 2025 90.000 putJuly 25 at 4:30 PM | prnewswire.comOtis Declares Quarterly Dividend of $0.39 per ShareJuly 25 at 1:36 PM | finance.yahoo.comQ2 2024 Otis Worldwide Corp Earnings CallJuly 25 at 1:36 PM | benzinga.comOtis Worldwide's Mixed Q2: Navigates Challenging Market Conditions, Sales SlowdownJuly 26, 2024 | Colonial Metals (Ad)Collapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.July 25 at 1:36 PM | markets.businessinsider.comBarclays Reaffirms Their Hold Rating on Otis Worldwide (OTIS)July 25 at 1:36 PM | markets.businessinsider.comMaintaining Hold on Otis Worldwide Amidst Chinese Market Challenges and Global ResilienceJuly 25 at 1:36 PM | msn.comOtis cuts annual sales view on slowdown in construction activity in China, USJuly 25 at 1:36 PM | msn.comOtis Worldwide (OTIS) Q2 2024 Earnings Call TranscriptJuly 25 at 7:07 AM | seekingalpha.comOtis: Calling It Again - Return To All-Time High LikelyJuly 24 at 3:22 PM | finance.yahoo.comOtis CEO sees potential in China amid property downturnJuly 24 at 11:32 AM | seekingalpha.comOtis Worldwide Corporation 2024 Q2 - Results - Earnings Call PresentationJuly 24 at 10:35 AM | americanbankingnews.comOtis Worldwide (NYSE:OTIS) Releases FY24 Earnings GuidanceJuly 24 at 6:05 AM | prnewswire.comOTIS REPORTS SECOND QUARTER 2024 RESULTSSee 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 6/7 Dividend5/16/2024Dividend Payable6/07/2024Last Earnings7/24/2024Today7/26/2024Dividend Payable9/06/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Ex-Dividend for 9/6 Dividend1/01/2100Get 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$98.83 High Stock Price Target$108.00 Low Stock Price Target$90.00 Potential Upside/Downside+7.5%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio26.58 Forward P/E Ratio23.70 P/E GrowthN/ANet Income$1.41 billion Net Margins10.35% Pretax Margin14.48% Return on Equity-31.65% Return on Assets15.34% Debt Debt-to-Equity RatioN/A Current Ratio0.79 Quick Ratio0.88 Sales & Book Value Annual Sales$14.21 billion Price / Sales2.62 Cash Flow$4.12 per share Price / Cash Flow22.31 Book Value($12.20) per share Price / Book-7.54Miscellaneous Outstanding Shares404,320,000Free Float403,393,000Market Cap$37.18 billion OptionableOptionable Beta1.03 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMs. Judith F. Marks (Age 60)Chair, President & CEO Comp: $4.25MMr. Anurag Maheshwari (Age 50)Executive VP & CFO Comp: $1.98MMr. Peiming Zheng (Age 56)Executive VP & Chief Product, Delivery and Customer Officer Comp: $3.27MMs. Tracy A. Embree (Age 50)President of Otis Americas Comp: $800.08kMr. Enrique Minarro Viseras (Age 46)President of Otis Europe, Middle East & Africa Comp: $725.75kMr. Todd GlanceExecutive Vice President of OperationsMr. Michael Patrick Ryan (Age 53)Senior VP & Chief Accounting Officer Rina LeonardVP & Global Chief Information OfficerMs. Nora E. LaFreniere (Age 53)Executive VP & Chief General Counsel Comp: $1.45MMs. Randi TanguaySenior VP & Chief Communications OfficerMore ExecutivesKey CompetitorsEmerson ElectricNYSE:EMRGE VernovaNYSE:GEVInteractive StrengthNASDAQ:TRNRGeneral ElectricNYSE:GESherwin-WilliamsNYSE:SHWView All CompetitorsInsiders & InstitutionsIMA Advisory Services Inc.Sold 120 shares on 7/26/2024Ownership: 0.002%Verdence Capital Advisors LLCSold 246 shares on 7/26/2024Ownership: 0.001%Conning Inc.Bought 250 shares on 7/26/2024Ownership: 0.001%Atlantic Edge Private Wealth Management LLCSold 140 shares on 7/26/2024Ownership: 0.000%Eagle Bay Advisors LLCSold 126 shares on 7/26/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions Should I Buy Otis Worldwide Stock? OTIS Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Otis Worldwide Co.: Strong Financial Performance: Otis Worldwide Co. reported a solid EPS of $0.88 for the last quarter, surpassing the consensus estimate by $0.01. This indicates a healthy financial position and potential for growth. Dividend Increase: The company recently raised its quarterly dividend from $0.34 to $0.39, showcasing confidence in its financial stability and commitment to rewarding shareholders. Positive Analyst Ratings: With six analysts giving a hold rating and two issuing a buy rating, there is a favorable sentiment towards the stock, indicating potential for future growth. Stable Market Capitalization: Otis Worldwide Co. has a market capitalization of $38.92 billion, reflecting its established presence in the market and stability as an investment option. Consistent Stock Performance: The stock has shown resilience with a 52-week low of $73.32 and a high of $100.84, demonstrating stability and potential for long-term gains. Cons Investors should be bearish about investing in Otis Worldwide Co. for these reasons: Insider Selling: Recent insider activity includes the sale of 30,364 shares by an executive vice president, which may raise concerns about internal confidence in the company's future performance. High PE Ratio: With a PE ratio of 27.82, the stock may be considered overvalued by some investors, potentially limiting short-term upside potential. Negative Return on Equity: Otis Worldwide Co. reported a negative return on equity of 31.02%, indicating inefficiency in generating returns for shareholders' equity. Lower-than-Expected Revenue: While the company met revenue estimates in the last quarter, any future revenue misses could impact investor sentiment and stock performance. Market Volatility: The stock has a beta of 1.04, suggesting it is slightly more volatile than the market average, which could lead to increased risk for investors during market fluctuations. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Otis Worldwide pros and cons to contact@marketbeat.com. OTIS Stock Analysis - Frequently Asked Questions How have OTIS shares performed this year? Otis Worldwide's stock was trading at $89.47 at the beginning of 2024. Since then, OTIS stock has increased by 4.5% and is now trading at $93.48. View the best growth stocks for 2024 here. How were Otis Worldwide's earnings last quarter? Otis Worldwide Co. (NYSE:OTIS) announced its earnings results on Wednesday, July, 24th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.03. The company's quarterly revenue was down 3.2% on a year-over-year basis. Read the conference call transcript. Who are Otis Worldwide's major shareholders? Top institutional investors of Otis Worldwide include PineStone Asset Management Inc. (1.10%), Sarasin & Partners LLP (1.02%), Bank of New York Mellon Corp (0.78%) and Guinness Asset Management LTD (0.44%). Insiders that own company stock include Judith Fran Marks, Montlivault Stephane De, Fernandez Bernardo Calleja, Peiming Zheng, Rahul Ghai, Nora E Lafreniere, James F Cramer and Michael Patrick Ryan. 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. 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