NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis $96.41 +2.42 (+2.57%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Otis Worldwide Stock (NYSE:OTIS) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$94.38▼$96.4650-Day Range$91.43▼$100.2152-Week Range$73.32▼$100.84Volume2.24 million shsAverage Volume2.05 million shsMarket Capitalization$38.98 billionP/E Ratio27.86Dividend Yield1.62%Price Target$98.57Consensus RatingHold Company OverviewOtis 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… “Buffett Indicator” Predicts 62% Stock Market Crash (Ad)The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.Take these 4 steps to protect your retirement here >>> Otis Worldwide Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 83rd PercentileOtis Worldwide scored higher than 83% of companies evaluated by MarketBeat, and ranked 30th out of 98 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.1 / 5Analyst RatingHold 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 3 research reports in the past 90 days.Read more about Otis Worldwide's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth10.31% Earnings GrowthEarnings for Otis Worldwide are expected to grow by 10.31% in the coming year, from $3.88 to $4.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 27.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.13.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 27.86, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 25.05.Read more about Otis Worldwide's valuation and earnings. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.39% 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 decreased by 19.25%, indicating that investor sentiment is improving significantly. Dividend2.5 / 5Dividend StrengthModerate 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 36.45% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend.Read more about Otis Worldwide's dividend. Sustainability and ESG2.9 / 5Environmental Score-1.89 Percentage of Shares Shorted1.39% 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 decreased by 19.25%, indicating that investor sentiment is improving significantly. News and Social Media2.7 / 5News Sentiment0.90 News SentimentOtis Worldwide has a news sentiment score of 0.90. 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 0.63 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Otis Worldwide this week, compared to 13 articles on an average week.Search InterestOnly 3 people have searched for OTIS on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A 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. OTIS Stock News HeadlinesRoyal Bank of Canada Reaffirms Outperform Rating for Otis Worldwide (NYSE:OTIS)September 19 at 11:13 AM | americanbankingnews.comOtis Is Unsure If There Was A Plan After His Money In The Bank WinSeptember 18 at 6:36 PM | msn.comWhy You Should NOT Trade This MarketYou'll be interested in our 5-Day Options Trading Challenge, starting September 23. So, what makes this different from every other options research you may have seen? Well, for starters... most of them want you to first BUY their service... which is usually thousands of dollars...September 19, 2024 | InvestorPlace (Ad)'She was definitely the ignition': Otis spilled beans on how his romance with Mandy Rose began in WWESeptember 18 at 1:32 PM | msn.comMAFS alum Jamie Otis hospitalized as she awaits the birth of her twinsSeptember 18 at 1:32 PM | msn.comOtis Reveals That Mandy Rose Pitched Their Romance Storyline: She Was The IgnitionSeptember 18 at 1:32 PM | yahoo.comDouble 1960 Olympic champion American runner Otis Davis dies at 92September 17 at 6:15 AM | msn.comOtis Worldwide Co. (NYSE:OTIS) Receives Average Rating of "Hold" from BrokeragesSeptember 17 at 5:23 AM | americanbankingnews.comSee More Headlines 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 stock has increased by 7.8% and is now trading at $96.41. 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 results on Wednesday, July, 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The business's 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 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. Company Calendar Last Earnings7/24/2024Ex-Dividend for 9/6 Dividend8/16/2024Dividend Payable9/06/2024Today9/19/2024Next 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$100.00 High Stock Price Target$110.00 Low Stock Price Target$90.00 Potential Upside/Downside+3.9%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio27.42 Forward P/E Ratio24.45 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 / Sales2.70 Cash Flow$4.19 per share Price / Cash Flow22.62 Book Value($11.97) per share Price / Book-7.93Miscellaneous Outstanding Shares404,323,000Free Float403,393,000Market Cap$38.36 billion OptionableOptionable Beta1.03 Social Links Should I Buy Otis Worldwide Stock? OTIS Pros and Cons Explained 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 Worldwide Bull Case 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. Otis Worldwide Bear Case 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. This page (NYSE:OTIS) was last updated on 9/19/2024 by MarketBeat.com Staff From Our PartnersUnlock the Secret to Easy Wins with Iron CondorsDiscover the power of Iron Condor trades – a low-risk, high-reward strategy that allows you to profit consiste...Netpicks | SponsoredSell NVDA Now?Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. 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