S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities
NYSE:OTIS

Otis Worldwide (OTIS) Stock Price, News & Analysis

$96.05
-0.11 (-0.11%)
(As of 04/15/2024 ET)
Today's Range
$95.60
$97.82
50-Day Range
$90.08
$100.21
52-Week Range
$73.32
$100.35
Volume
1.48 million shs
Average Volume
1.46 million shs
Market Capitalization
$38.82 billion
P/E Ratio
28.33
Dividend Yield
1.42%
Price Target
$94.29

Otis Worldwide MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
1.8% Downside
$94.29 Price Target
Short Interest
Healthy
1.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.12mentions of Otis Worldwide in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$5.10 M Sold Last Quarter
Proj. Earnings Growth
10.85%
From $3.87 to $4.29 Per Share

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.

4.41 out of 5 stars

Construction Sector

10th out of 101 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

3rd out of 3 stocks

OTIS stock logo

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.

OTIS Stock Price History

OTIS Stock News Headlines

Robotic Puppies Are Therapeutic Also!
A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
Otis First Quarter 2024 Earnings Advisory
20 New HR Metrics For Today's Work World
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/8 Dividend
2/15/2024
Dividend Payable
3/08/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Fax
N/A
Employees
71,000
Year Founded
1853

Price Target and Rating

Average Stock Price Target
$94.29
High Stock Price Target
$102.00
Low Stock Price Target
$88.00
Potential Upside/Downside
-1.8%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
14.29%

Debt

Sales & Book Value

Annual Sales
$14.21 billion
Cash Flow
$4.09 per share
Book Value
($11.97) per share

Miscellaneous

Free Float
403,251,000
Market Cap
$38.82 billion
Optionable
Optionable
Beta
1.01

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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.:

  • Recent increase in institutional investor holdings, indicating confidence in the company's future growth potential.
  • Consistent quarterly earnings performance, beating analysts' estimates and demonstrating financial stability.
  • Positive dividend announcement with a solid dividend yield, providing additional income for investors.
  • Stable stock price movement with a 1-year high close to the current price, showing resilience in market fluctuations.
  • Strong revenue generation and net margin, reflecting the company's operational efficiency and profitability.

Cons

Investors should be bearish about investing in Otis Worldwide Co. for these reasons:

  • Market volatility and economic uncertainties may impact the stock price in the short term.
  • High price-to-earnings ratio compared to industry peers, potentially indicating overvaluation.
  • Negative return on equity, suggesting inefficiencies in capital utilization.
  • Dependence on the global economic environment and construction industry, exposing the company to external risks.
  • Competition from other elevator and escalator manufacturers, leading to potential market share challenges.
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 Thursday, April 11, 2024. Please send any questions or comments about these Otis Worldwide pros and cons to contact@marketbeat.com.

OTIS Stock Analysis - Frequently Asked Questions

Should I buy or sell Otis Worldwide stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OTIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTIS, but not buy additional shares or sell existing shares.
View OTIS analyst ratings
or view top-rated stocks.

What is Otis Worldwide's stock price target for 2024?

9 brokerages have issued 1 year price objectives for Otis Worldwide's shares. Their OTIS share price targets range from $88.00 to $102.00. On average, they expect the company's share price to reach $94.29 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts price targets for OTIS
or view top-rated stocks among Wall Street analysts.

How have OTIS shares performed in 2024?

Otis Worldwide's stock was trading at $89.47 at the beginning of 2024. Since then, OTIS shares have increased by 7.4% and is now trading at $96.05.
View the best growth stocks for 2024 here
.

When is Otis Worldwide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our OTIS earnings forecast
.

How can I listen to Otis Worldwide's earnings call?

Otis Worldwide will be holding an earnings conference call on Wednesday, April 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) released its quarterly earnings data on Wednesday, January, 31st. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.57 billion. Otis Worldwide had a net margin of 9.90% and a negative trailing twelve-month return on equity of 30.75%. During the same quarter in the prior year, the firm posted $0.75 EPS.
Read the conference call transcript
.

How often does Otis Worldwide pay dividends? What is the dividend yield for Otis Worldwide?

Otis Worldwide declared a quarterly dividend on Thursday, February 1st. Investors of record on Friday, February 16th will be paid a dividend of $0.34 per share on Friday, March 8th. This represents a $1.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, February 15th.
Read our dividend analysis for OTIS
.

Is Otis Worldwide a good dividend stock?

Otis Worldwide (NYSE:OTIS) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.41%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 31.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTIS.

What guidance has Otis Worldwide issued on next quarter's earnings?

Otis Worldwide updated its FY24 earnings guidance on Thursday, February, 15th. The company provided earnings per share (EPS) guidance of $3.79-$3.89 for the period, compared to the consensus estimate of $3.86.

Who are Otis Worldwide's major shareholders?

Otis Worldwide's stock is owned by a variety of retail and institutional investors. Top institutional investors include Sarasin & Partners LLP (0.80%), Los Angeles Capital Management LLC (0.57%), Guinness Asset Management LTD (0.44%), Pensioenfonds Rail & OV (0.10%), Meyer Handelman Co. (0.03%) and Allied Investment Advisors LLC (0.02%). Insiders that own company stock include Fernandez Bernardo Calleja, James F Cramer, Judith Fran Marks, Michael Patrick Ryan, Montlivault Stephane De, Nora E Lafreniere, Peiming Zheng and Rahul Ghai.
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 4/16/2024 by MarketBeat.com Staff

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