NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis $104.56 +0.26 (+0.25%) (As of 10/4/2024 08:50 PM 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$103.52▼$105.1650-Day Range$91.43▼$104.8152-Week Range$73.32▼$105.39Volume1.51 million shsAverage Volume2.13 million shsMarket Capitalization$41.88 billionP/E Ratio30.22Dividend Yield1.49%Price Target$100.86Consensus 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… MSFT, NFLX, GOOGL all winners. MRVL next? (Ad)Today’s offer is a little different… You’ll see why contrary to what the talking heads in the news want you to believe… Investing in the stock market isn’t as complex as you likely think it is. But first, take a walk with me back to February 2023… Thanks to my special cash flow strategy, I’ve managed to nail winners in 36 of 42 trades…You can tag along by following this link Otis Worldwide Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks74th Percentile Overall ScoreOTIS MarketRank™: Otis Worldwide scored higher than 74% of companies evaluated by MarketBeat, and ranked 47th out of 104 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 4 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 30.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.01.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 30.22, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 24.52.Read more about Otis Worldwide's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.68% 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 20.43%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldOtis Worldwide pays a meaningful dividend of 1.49%, 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 Shorted1.68% 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 20.43%, indicating that investor sentiment is decreasing significantly. News and Social Media2.6 / 5News Sentiment0.69 News SentimentOtis Worldwide has a news sentiment score of 0.69. 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 news sentiment score is similar to the average news sentiment 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 Interest3 people have searched for OTIS on MarketBeat in the last 30 days. This is an increase of 50% 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 HeadlinesOtis Redding receives a posthumous star on the Hollywood Walk of FameOctober 4 at 4:21 PM | msn.comOtis Worldwide (NYSE:OTIS) Hits New 12-Month High Following Analyst UpgradeOctober 4 at 1:17 AM | americanbankingnews.com25-Yr Wall St Legend: Get Out of Cash before Nov 6Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.October 7, 2024 | Stansberry Research (Ad)Otis Worldwide (OTIS) Receives a Rating Update from a Top AnalystOctober 3, 2024 | markets.businessinsider.comOtis Worldwide (NYSE:OTIS) Price Target Increased to $96.00 by Analysts at BarclaysOctober 3, 2024 | americanbankingnews.comOtis Worldwide Corporation (OTIS): A Bull Case TheoryOctober 2, 2024 | msn.comOtis Worldwide Corp. stock falls Tuesday, still outperforms marketOctober 1, 2024 | marketwatch.comAssessment of Otis Worldwide's Digital Transformation Strategies and Innovation Programs, 2024: Includes Details of Estimated ICT Budgets and Major ICT ContractsOctober 1, 2024 | globenewswire.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 16.9% and is now trading at $104.56. View the best growth stocks for 2024 here. How were Otis Worldwide's earnings last quarter? Otis Worldwide Co. (NYSE:OTIS) posted its earnings results on Wednesday, July, 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. The business's revenue for the quarter was down 3.2% on a year-over-year basis. Read the conference call transcript. Who are Otis Worldwide's major shareholders? Top institutional shareholders of Otis Worldwide include Handelsbanken Fonder AB (0.06%), SG Americas Securities LLC (0.04%), Allied Investment Advisors LLC (0.03%) and Czech National Bank (0.02%). 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 Payable9/06/2024Today10/06/2024Next 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$100.86 High Stock Price Target$110.00 Low Stock Price Target$95.00 Potential Upside/Downside-3.5%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio30.22 Forward P/E Ratio26.95 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$14.21 billion Price / Sales2.95 Cash Flow$4.09 per share Price / Cash Flow25.57 Book Value($11.97) per share Price / Book-8.74Miscellaneous Outstanding Shares400,550,000Free Float403,393,000Market Cap$41.88 billion OptionableOptionable Beta1.03 Social Links This page (NYSE:OTIS) was last updated on 10/7/2024 by MarketBeat.com Staff From Our PartnersCRUSHED: How Biden's Replacement Will Devastate Your 401(k)!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a ...Golden Crest | SponsoredWar on Elon Escalates… Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adopti...Porter & Company | SponsoredStrikes and Economic Unrest: Are You Prepared for What’s Coming?The rapid advancement of artificial intelligence and automation is reshaping industries and posing threats to ...InvestorPlace | SponsoredBuffett Dumps $982 Million in BofA Stock—What Does He Know?Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track reco...Genesis Gold Group | SponsoredBiden to Launch “FedNOW” [Move Your Money Now]Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentia...Priority Gold | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | Sponsored⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.Behind the Markets | SponsoredNew President Kamala warningFinancial nightmare coming after election In 2018, one independent research predicted Kamala Harris was on ...Stansberry Research | Sponsored Adding Choose a watchlist: Watchlist My Default Watchlist Adding Otis Worldwide Co. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Please log in to your account or sign up in order to add this asset to your watchlist. Share Otis Worldwide With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.