NYSE:OTIS

Otis Worldwide (OTIS) Stock Price, News & Analysis

$96.79
+0.23 (+0.24%)
(As of 05/17/2024 ET)
Today's Range
$96.15
$96.83
50-Day Range
$91.20
$100.21
52-Week Range
$73.32
$100.35
Volume
1.63 million shs
Average Volume
2.01 million shs
Market Capitalization
$39.13 billion
P/E Ratio
27.97
Dividend Yield
1.41%
Price Target
$97.71

Otis Worldwide MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
1.0% Upside
$97.71 Price Target
Short Interest
Healthy
1.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.46mentions of Otis Worldwide in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$4.52 M Sold Last Quarter
Proj. Earnings Growth
10.57%
From $3.88 to $4.29 Per Share

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.

4.43 out of 5 stars

Construction Sector

8th out of 102 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd out of 3 stocks

OTIS stock logo

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.

OTIS Stock Price History

OTIS Stock News Headlines

Omaha neighbors: Obituaries for May 17
Otis Worldwide (NYSE:OTIS) Price Target Raised to $108.00
Otis Worldwide Co. (NYSE:OTIS) Short Interest Update
See More Headlines
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Company Calendar

Ex-Dividend for 3/8 Dividend
2/15/2024
Dividend Payable
3/08/2024
Last Earnings
4/24/2024
Ex-Dividend for 6/7 Dividend
5/16/2024
Today
5/17/2024
Dividend Payable
6/07/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Fax
N/A
Employees
71,000
Year Founded
1853

Price Target and Rating

Average Stock Price Target
$97.71
High Stock Price Target
$108.00
Low Stock Price Target
$88.00
Potential Upside/Downside
+1.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
14.34%

Debt

Sales & Book Value

Annual Sales
$14.21 billion
Cash Flow
$4.08 per share
Book Value
($12.22) per share

Miscellaneous

Free Float
403,393,000
Market Cap
$39.13 billion
Optionable
Optionable
Beta
1.03

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OTIS Stock Analysis - Frequently Asked Questions

Should I buy or sell Otis Worldwide stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

8 brokerages have issued 1 year price objectives for Otis Worldwide's stock. Their OTIS share price targets range from $88.00 to $108.00. On average, they predict the company's share price to reach $97.71 in the next year. This suggests a possible upside of 1.0% 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 2024?

Otis Worldwide's stock was trading at $89.47 at the start of the year. Since then, OTIS stock has increased by 8.2% and is now trading at $96.79.
View the best growth stocks for 2024 here
.

Are investors shorting Otis Worldwide?

Otis Worldwide saw a decrease in short interest in April. As of April 30th, there was short interest totaling 4,600,000 shares, a decrease of 14.3% from the April 15th total of 5,370,000 shares. Based on an average daily volume of 1,880,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.1% of the shares of the stock are sold short.
View Otis Worldwide's Short Interest
.

When is Otis Worldwide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our OTIS earnings forecast
.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) issued its quarterly earnings results on Wednesday, April, 24th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The business earned $3.44 billion during the quarter, compared to the consensus estimate of $3.44 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 31.02% and a net margin of 9.99%.
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 23rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.39 per share on Friday, June 7th. This represents a $1.56 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from the stock's previous quarterly dividend of $0.34.
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 1.40%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 31.70% 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 FY24 earnings guidance on Wednesday, April, 24th. The company provided earnings per share guidance of $3.83-$3.90 for the period, compared to the consensus earnings per share estimate of $3.88. The company issued revenue guidance of $14.5-$14.8 billion, compared to the consensus revenue estimate of $14.70 billion.

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 Vanguard Group Inc. (11.19%), Bank of New York Mellon Corp (0.88%), Capital Research Global Investors (0.87%), Sarasin & Partners LLP (0.80%), Mitsubishi UFJ Asset Management Co. Ltd. (0.79%) and Los Angeles Capital Management LLC (0.57%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OTIS) was last updated on 5/18/2024 by MarketBeat.com Staff

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