NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis $91.43 -1.00 (-1.08%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$91.18▼$93.3150-Day Range$91.43▼$100.2152-Week Range$73.32▼$100.84Volume1.86 million shsAverage Volume2.06 million shsMarket Capitalization$36.97 billionP/E Ratio26.42Dividend Yield1.71%Price Target$98.57 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 RatingHold2.22 Rating ScoreUpside/Downside7.8% Upside$98.57 Price TargetShort InterestHealthy1.73% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.52Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth10.05%From $3.88 to $4.27 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.3.35 out of 5 starsConstruction Sector58th out of 99 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 2.22, and is based on 2 buy ratings, 7 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 Shorted1.73% 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 3.1, 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 14.59%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.66%, 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 36.53% 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 2.5 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 0.52. 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 0.76 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Otis Worldwide this week, compared to 13 articles on an average week.Search InterestOnly 2 people have searched for OTIS on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat Follows4 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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 10.05% in the coming year, from $3.88 to $4.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 26.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 26.42, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 22.06.Read more about Otis Worldwide's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsWhat is Nvidia’s New $1 Trillion SuperProject?Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …Find out details on these three critical Nvidia partners immediately. 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 HeadlinesSeptember 7 at 2:47 PM | msn.comMorgan Stanley Initiates Coverage of Otis Worldwide (OTIS) with Equal-Weight RecommendationSeptember 7 at 12:30 PM | finance.yahoo.comIs There Now An Opportunity In Otis Worldwide Corporation (NYSE:OTIS)?September 7, 2024 | Weiss Ratings (Ad)What is Nvidia’s New $1 Trillion SuperProject?Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …September 7 at 4:42 AM | omaha.comOmaha neighbors: Obituaries for September 7September 6 at 11:42 PM | nasdaq.comMorgan Stanley Initiates Coverage of Otis Worldwide (WBAG:OTIS) with Equal-Weight RecommendationSeptember 4 at 8:11 AM | chron.comThe Texas Canon: How Townes Van Zandt's 'Pancho and Lefty' tells a tragic outlaw taleSeptember 4 at 5:46 AM | msn.comHow China’s Economic Woes Are Dragging Down U.S. CompaniesSeptember 3, 2024 | prnewswire.comOtis CEO to Speak at Morgan Stanley ConferenceSeptember 7, 2024 | Weiss Ratings (Ad)What is Nvidia’s New $1 Trillion SuperProject?Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …August 28, 2024 | msn.comOtis sends a message to JD McDonagh after his heated exchange with Rhea Ripley, thanks to The EradicatorAugust 28, 2024 | americanbankingnews.comBrokerages Set Otis Worldwide Co. (NYSE:OTIS) Price Target at $98.83August 28, 2024 | americanbankingnews.comBrokerages Set Otis Worldwide Co. (NYSE:OTIS) PT at $98.83August 22, 2024 | msn.comCalifornia vs. the World: The Race to Nab Film and TV ProductionsAugust 20, 2024 | msn.comMeet Otis! Crossbreed Shih Tzu, Pug and Labrador therapy dog becomes The Prince of Wales Hospice's newest recruitAugust 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 16See 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 Last Earnings7/24/2024Ex-Dividend for 9/6 Dividend8/16/2024Dividend Payable9/06/2024Today9/07/2024Next 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$98.57 High Stock Price Target$108.00 Low Stock Price Target$90.00 Potential Upside/Downside+7.8%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio26.42 Forward P/E Ratio23.56 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 / Sales2.61 Cash Flow$3.96 per share Price / Cash Flow23.10 Book Value($11.97) per share Price / Book-7.64Miscellaneous Outstanding Shares404,323,000Free Float403,393,000Market Cap$36.97 billion OptionableOptionable Beta1.03 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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 & InstitutionsSanctuary Advisors LLCBought 22,486 shares on 9/5/2024Ownership: 0.006%Pensioenfonds Rail & OVSold 6,441 shares on 8/30/2024Ownership: 0.094%Maven Securities LTDBought 2,200 shares on 8/29/2024Ownership: 0.000%Clearbridge Investments LLCBought 13,092 shares on 8/27/2024Ownership: 0.330%Teachers Retirement System of The State of KentuckySold 904 shares on 8/26/2024Ownership: 0.008%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 earnings per share of $1.06 for the last quarter, exceeding analysts' expectations by $0.03. This indicates a solid financial performance. Dividend Yield: The company recently announced a quarterly dividend of $0.39 per share, representing a dividend yield of 1.66%. This can provide investors with a steady income stream. Market Capitalization: With a market capitalization of $37.94 billion, Otis Worldwide Co. is a significant player in the industry, offering stability and potential for growth. Positive Analyst Ratings: Despite some hold ratings, Otis Worldwide Co. has received buy ratings from analysts, indicating confidence in the company's future prospects. Stable Stock Performance: Despite fluctuations, Otis Worldwide Co.'s stock has shown resilience, maintaining a relatively stable price range over recent periods. Cons Investors should be bearish about investing in Otis Worldwide Co. for these reasons: Revenue Decline: The company experienced a 3.2% decrease in revenue compared to the same quarter last year, indicating a potential challenge in revenue generation. Stock Price Volatility: Otis Worldwide Co.'s stock has shown volatility, with fluctuations in price that may pose risks to investors. Return on Equity: The company had a negative return on equity of 31.65%, suggesting potential inefficiencies in utilizing shareholder equity. Market Sentiment: Despite some positive analyst ratings, the consensus rating for Otis Worldwide Co. is "Hold," reflecting mixed market sentiment. Competition: Otis Worldwide operates in a competitive industry, facing challenges from other major players that could impact its market position and growth potential. 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 Tuesday, September 3, 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 the year. Since then, OTIS shares have increased by 2.2% and is now trading at $91.43. View the best growth stocks for 2024 here. How were Otis Worldwide's earnings last quarter? Otis Worldwide Co. (NYSE:OTIS) issued its quarterly earnings results on Wednesday, July, 24th. The company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. The business'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? Top institutional shareholders of Otis Worldwide 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. 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