Otis Worldwide (OTIS) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $84.25 to $86.00
• 50-Day Range: $84.82 to $101.16
• 52-Week Range: $84.25 to $106.83
• Volume: 3.90 million shs
• Average Volume: 3.11 million shs
• Market Capitalization: $33.29 billion
• P/E Ratio: 22.44
• Dividend Yield: 1.98%
• Price Target: $102.50
• Consensus Rating: Hold

Otis Worldwide Stock Analysis - MarketRank™

Otis Worldwide scored higher than 98% of companies evaluated by MarketBeat, and ranked 7th out of 180 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Otis Worldwide has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Otis Worldwide has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.41%

Earnings Growth

Earnings for Otis Worldwide are expected to grow by 9.41% in the coming year, from $4.04 to $4.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Otis Worldwide is 22.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.11.

Price to Earnings Ratio vs. Sector

The P/E ratio of Otis Worldwide is 22.44, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 24.96.

Price to Earnings Growth Ratio

Otis Worldwide has a PEG Ratio of 4.11. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.86% of the float of Otis Worldwide has been sold short.

Short Interest Ratio / Days to Cover

Otis Worldwide has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Otis Worldwide has recently decreased by 10.58%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Otis Worldwide pays a meaningful dividend of 1.96%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Otis Worldwide has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Otis Worldwide is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Otis Worldwide will have a dividend payout ratio of 38.01% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.89

Percentage of Shares Shorted

1.86% of the float of Otis Worldwide has been sold short.

Short Interest Ratio / Days to Cover

Otis Worldwide has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Otis Worldwide has recently decreased by 10.58%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.77

News Sentiment

Otis Worldwide has a news sentiment score of 0.77. 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 0.43 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 27 news articles for Otis Worldwide this week, compared to 15 articles on an average week.

Search Interest

16 people have searched for OTIS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

5 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Otis Worldwide insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.23% of the stock of Otis Worldwide is held by insiders.

Percentage Held by Institutions

88.03% of the stock of Otis Worldwide is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OTIS Stock Analysis - Frequently Asked Questions

How have OTIS shares performed this year?

Otis Worldwide's stock was trading at $92.61 at the beginning of the year. Since then, OTIS stock has decreased by 8.4% and is now trading at $84.82.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Corporation (NYSE:OTIS) posted its quarterly earnings results on Wednesday, July, 23rd. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The business's revenue was down .2% compared to the same quarter last year.
Read the conference call transcript.

Is Otis Worldwide buying back stock?

Otis Worldwide's board approved a stock buyback program on Thursday, January 16th 2025, which allows the company to repurchase $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Who are Otis Worldwide's major shareholders?

Otis Worldwide's top institutional investors include PineStone Asset Management Inc. (1.18%), Sarasin & Partners LLP (0.91%), Guinness Asset Management LTD (0.49%) and Canoe Financial LP (0.37%). Insiders that own company stock include Judith Fran Marks, Montlivault Stephane De, Fernandez Bernardo Calleja, Nora E Lafreniere, Abbe Luersman, James F Cramer, Peiming Zheng 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.

What other stocks do shareholders of Otis Worldwide own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Otis Worldwide investors own include Chevron (CVX), Bristol Myers Squibb (BMY), Comcast (CMCSA), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

• Record date for 6/6 Dividend: 5/16/2025
• Ex-Dividend for 6/6 Dividend: 5/16/2025
• Dividend Payable: 6/06/2025
• Last Earnings: 7/23/2025
• Today: 8/02/2025
• Record date for 9/5 Dividend: 8/15/2025
• Ex-Dividend for 9/5 Dividend: 8/15/2025
• Dividend Payable: 9/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrials
• Industry: MACH - GENL INDL
• Sub-Industry: Electrical Equipment
• Current Symbol: NYSE:OTIS
• CIK: 1781335
• Web: www.otis.com
• Phone: 860-674-3000
• Fax: N/A
• Employees: 72,000
• Year Founded: 1853

Price Target and Rating

• Average Price Target for Otis Worldwide: $102.50
• High Price Target: $113.00
• Low Price Target: $90.00
• Potential Upside/Downside: +20.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.78
• Trailing P/E Ratio: 22.44
• Forward P/E Ratio: 21.00
• P/E Growth: 4.11
• Net Income: $1.65 billion
• Net Margins: 10.68%
• Pretax Margin: 13.28%
• Return on Equity: -30.95%
• Return on Assets: 14.27%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.88
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: $14.26 billion
• Price / Sales: 2.33
• Cash Flow: $4.32 per share
• Price / Cash Flow: 19.65
• Book Value: ($13.43) per share
• Price / Book: -6.32

Miscellaneous

• Outstanding Shares: 392,480,000
• Free Float: 391,572,000
• Market Cap: $33.29 billion
• Optionable: Optionable
• Beta: 0.95