NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis $93.96 +1.21 (+1.30%) (As of 08/21/2024 ET) Add Compare Share Share Today's Range$92.89▼$93.9950-Day Range$91.43▼$100.2152-Week Range$73.32▼$100.84Volume1.36 million shsAverage Volume2.11 million shsMarket Capitalization$37.99 billionP/E Ratio27.16Dividend Yield1.66%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/Downside5.2% Upside$98.83 Price TargetShort InterestHealthy1.51% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.39Based on 17 Articles This WeekInsider TradingN/AProj. Earnings Growth9.82%From $3.87 to $4.25 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.3.47 out of 5 starsConstruction Sector48th out of 96 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 1 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 Shorted1.51% 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 2.7, 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 13.99%, 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 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 36.71% 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 0.39. 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 0.62 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Otis Worldwide this week, compared to 13 articles on an average week.Search Interest8 people have searched for OTIS on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.MarketBeat Follows6 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is an increase of 500% 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 0.23% 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 9.82% in the coming year, from $3.87 to $4.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 27.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 27.16, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 23.14.Read more about Otis Worldwide's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…You must read this new presentation from Porter Stansberry. 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 HeadlinesAugust 20 at 11:02 AM | msn.comMeet Otis! Crossbreed Shih Tzu, Pug and Labrador therapy dog becomes The Prince of Wales Hospice's newest recruitAugust 20 at 2:22 AM | americanbankingnews.comQ3 2024 EPS Estimates for Otis Worldwide Co. (NYSE:OTIS) Lowered by Zacks ResearchAugust 22, 2024 | DTI (Ad)Air Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.August 18, 2024 | americanbankingnews.comZacks Research Weighs in on Otis Worldwide Co.'s Q1 2025 Earnings (NYSE:OTIS)August 16, 2024 | msn.comFull Disclosure previews their next album Elysium with "The Silence"August 16, 2024 | finance.yahoo.comOtis Thailand Launches Gen3™ Digitally-Connected ElevatorAugust 15, 2024 | msn.comA guide to must-see attractions at the Colorado State FairAugust 15, 2024 | forbes.com10 Fantastic Cocktails To Celebrate National Rum Day On August 16August 22, 2024 | DTI (Ad)Air Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.August 15, 2024 | msn.com53-year-old veteran weighs in on Otis' WWE run in 2024August 14, 2024 | americanbankingnews.comOtis Worldwide Co. (OTIS) To Go Ex-Dividend on August 16thAugust 14, 2024 | msn.comWWE NXT Results 8/13 - Heritage Cup On The Line, Two Titles Matches, Eddy Thorpe Takes On Lexis KingAugust 13, 2024 | yahoo.comOtis Seemingly Accepts Oba Femi’s Open Challenge For 8/13 WWE NXTAugust 12, 2024 | msn.comOlivia Wilde’s Super-Rare Photo Shows What Kids Otis & Daisy Do Instead of ‘Screen Time'August 11, 2024 | finance.yahoo.comOtis Worldwide (NYSE:OTIS) Could Be A Buy For Its Upcoming DividendAugust 10, 2024 | marketwatch.comOtis Worldwide Corp. stock rises Friday, outperforms marketAugust 9, 2024 | msn.comHot 100 First-Timers: Royel Otis Scores First Entry With Cover of The Cranberries’ ‘Linger’August 8, 2024 | seekingalpha.comOtis Worldwide: Exceptional Business, But We Have To Reinvest Its Cash FlowsSee 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 Earnings7/24/2024Ex-Dividend for 9/6 Dividend8/16/2024Today8/21/2024Dividend Payable9/06/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry Electronic, electrical equipment & components, except computer equipment Sub-IndustryElectrical Equipment 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+5.2%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio27.16 Forward P/E Ratio24.28 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 Ratio0.71 Sales & Book Value Annual Sales$14.18 billion Price / Sales2.68 Cash Flow$4.18 per share Price / Cash Flow22.47 Book Value($12.32) per share Price / Book-7.63Miscellaneous Outstanding Shares404,323,000Free Float403,393,000Market Cap$37.99 billion OptionableOptionable Beta1.03 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 CompetitorsABBNYSE:ABBNYGE VernovaNYSE:GEVRegal RexnordNYSE:RRXNovantaNASDAQ:NOVTCAENYSE:CAEView All CompetitorsInsiders & InstitutionsTruist Financial CorpSold 4,331 shares on 8/21/2024Ownership: 0.015%Granite Bay Wealth Management LLCBought 37,800 shares on 8/21/2024Ownership: 0.009%Brown Shipley& Co LtdBought 958 shares on 8/19/2024Ownership: 0.012%B. Riley Wealth Advisors Inc.Sold 1,374 shares on 8/19/2024Ownership: 0.002%EP Wealth Advisors LLCBought 1,502 shares on 8/19/2024Ownership: 0.001%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 Quarterly Earnings: Otis Worldwide Co. reported $1.06 earnings per share for the quarter, exceeding the consensus estimate by $0.03. This indicates a positive financial performance. Dividend Yield: The company recently declared a quarterly dividend of $0.39 per share, representing a dividend yield of 1.68%. This can provide investors with a steady income stream. Institutional Support: Significant institutional investments in Otis Worldwide Co. by reputable firms like Vanguard Group Inc. and Norges Bank demonstrate confidence in the company's future growth potential. Market Cap and Stability: With a market cap of $37.31 billion and a beta of 1.03, Otis Worldwide Co. presents a stable investment opportunity in the elevator and escalator industry. Recent Stock Price Movement: Otis Worldwide Co.'s stock price has shown resilience, trading at $92.29 with a 52-week high of $100.84. This stability may indicate a strong position in the market. Cons Investors should be bearish about investing in Otis Worldwide Co. for these reasons: Revenue Decline: The company's revenue was down 3.2% on a year-over-year basis, indicating a potential challenge in maintaining consistent revenue growth. Negative Return on Equity: Otis Worldwide Co. had a negative return on equity of 31.65%, which may raise concerns about the company's profitability and efficiency in generating returns for shareholders. Insider Selling: Recent insider activity, such as EVP Peiming Zheng selling a significant number of shares, could signal lack of confidence from within the company or potential concerns about future performance. Market Volatility: The company's stock has experienced fluctuations, with a 52-week low of $73.32. This volatility may pose risks for investors seeking stable returns. Competition and Industry Challenges: The elevator and escalator industry faces competition and technological advancements that could impact Otis Worldwide Co.'s market position and growth prospects. 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 Sunday, August 18, 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 start of the year. Since then, OTIS stock has increased by 5.0% and is now trading at $93.96. View the best growth stocks for 2024 here. How were Otis Worldwide's earnings last quarter? Otis Worldwide Co. (NYSE:OTIS) released its quarterly earnings data on Wednesday, July, 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.03. Otis Worldwide's revenue was down 3.2% compared to the same quarter last year. Read the conference call transcript. Who are Otis Worldwide's major shareholders? Otis Worldwide's top institutional investors include Massachusetts Financial Services Co. MA (2.04%), Fiera Capital Corp (1.75%), PineStone Asset Management Inc. (1.10%) and Sarasin & Partners LLP (1.02%). 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. This page (NYSE:OTIS) was last updated on 8/22/2024 by MarketBeat.com Staff From Our PartnersWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... And it could hand you a payment fo...Angel Publishing | SponsoredAir Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could becom...DTI | SponsoredGrab this ETF paying a huge 22% dividendImagine a world where you don't have to stress about inflation eroding your savings... 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