Should I buy or sell Otis Worldwide stock right now?

9 Wall Street equities research 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 equities research 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 analysts have issued 12 month price targets for Otis Worldwide's shares. Their OTIS share price targets range from $88.00 to $102.00. On average, they expect the company's stock price to reach $94.29 in the next twelve months. This suggests that the stock has a possible downside of 1.3%. 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 stock has increased by 6.7% and is now trading at $95.49. 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 earnings results on Wednesday, January, 31st. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The business earned $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 30.75% and a net margin of 9.90%. During the same quarter in the previous year, the company 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. Stockholders 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 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 1.42%. 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 ETFs hold Otis Worldwide's stock?

ETFs with the largest weight of Otis Worldwide (NYSE:OTIS) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD) , First Trust US Equity Opportunities ETF (FPX) , WBI BullBear Quality 3000 ETF (WBIL) , WBI BullBear Yield 3000 ETF (WBIG) , AdvisorShares Focused Equity ETF (CWS) , SmartETFs Dividend Builder ETF (DIVS) , ClearBridge Focus Value ESG ETF (CFCV) and WisdomTree U.S. AI Enhanced Value Fund (AIVL) .

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

Otis Worldwide issued an update on its FY24 earnings guidance on Thursday, February, 15th. The company provided EPS guidance of $3.79-$3.89 for the period, compared to the consensus EPS estimate of $3.86.

Who are Otis Worldwide's major shareholders?

Otis Worldwide's stock is owned by many different 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 .

NYSE:OTIS

Otis Worldwide (OTIS) Stock Price, News & Analysis

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$95.49

+0.53 (+0.56%)

(As of 04/18/2024 ET)

Compare

Today's Range: $95.24
▼
$96.29
50-Day Range: $90.08
▼
$100.21
52-Week Range: $73.32
▼
$100.35

Volume: 1.79 million shs
Average Volume: 2.00 million shs
Market Capitalization: $38.60 billion

P/E Ratio: 28.17
Dividend Yield: 1.42%
Price Target: $94.29

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Otis Worldwide MarketRank™ Stock Analysis

Analyst Rating: Hold
2.22 Rating Score
Upside/Downside: 1.3% 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: 0.16
Based on 18 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.

4.39 out of 5 stars

Construction Sector

13th out of 100 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

3rd out of 3 stocks

2.1

Analyst's Opinion

Consensus Rating
Otis 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 Coverage
Otis Worldwide has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.31% 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 11.50%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Otis Worldwide pays a meaningful dividend of 1.42%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Otis Worldwide has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Otis Worldwide is 40.12%. 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 31.70% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Otis 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 Sustainability
The Environmental Impact score for Otis Worldwide is -1.89.

2.3

News and Social Media Coverage

News Sentiment
Otis Worldwide has a news sentiment score of 0.16. 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 0.55 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Otis Worldwide this week, compared to 13 articles on an average week.
Search Interest
9 people have searched for OTIS on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Otis Worldwide insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,101,963.00 in 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Otis Worldwide are expected to grow by 10.85% in the coming year, from $3.87 to $4.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Otis Worldwide is 28.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Otis Worldwide is 28.17, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 17.48.

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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

30 days | 90 days | 365 days | Advanced Chart

OTIS Stock News Headlines

April 18, 2024 | yahoo.com

The Chi Trailer: Douda and Alicia Face Off in the Back Half of Season 6 — Watch!

April 18, 2024 | msn.com

Were Animals Abused in Filming of 1986 Classic 'The Adventures of Milo and Otis'?

April 18, 2024 | InvestorPlace (Ad)

The Next Nvidia?

April 17, 2024 | americanbankingnews.com

Otis Worldwide (OTIS) Scheduled to Post Quarterly Earnings on Wednesday

April 17, 2024 | nasdaq.com

Validea Detailed Fundamental Analysis - OTIS

April 16, 2024 | msn.com

Whitey Herzog, manager who led Royals to first division titles, dies at 92

April 16, 2024 | msn.com

'He's moving people': Guard Otis Pitts makes most of second chance under Scotty Walden

April 16, 2024 | yahoo.com

Bill Kenny of Norwich: Otis Library's book sale offers whatever your heart desires

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 15, 2024 | msn.com

Robotic Puppies Are Therapeutic Also!

April 12, 2024 | sports.yahoo.com

Previewing World Championship Sumo at Madison Square Garden

April 12, 2024 | msn.com

The Temptations' Debut Turns 60: Otis Williams on Journey from 'No Hit Wonder' to Motown Legend (Exclusive)

April 12, 2024 | msn.com

Copper thieves strike again, mutilating a 100-year-old monument in MacArthur Park

April 12, 2024 | foxnews.com

Police official is shot to death in Mexico's troubled resort city of Acapulco

April 11, 2024 | msn.com

Asesinan a balazos a jefe policial en balneario mexicano de Acapulco

April 11, 2024 | yahoo.com

Eclipse viewers can now donate their glasses to others around the world

April 11, 2024 | yahoo.com

Worldwide Auctioneers Is Selling Three Open Packards Later This Month

April 11, 2024 | finance.yahoo.com

Otis Hong Kong Receives "Outstanding Elevator Business Award" in 01 Gold Medal Awards 2023

April 10, 2024 | prnewswire.com

Otis First Quarter 2024 Earnings Advisory

April 9, 2024 | msn.com

Married at First Sight’s Jamie Otis and Doug Hehner Reveal 1 Twin Is a Baby Boy

April 9, 2024 | msn.com

Margaret River Pro is The Last Event Before the Mid-Year Cut. Here's What You Need to Know

April 9, 2024 | forbes.com

20 New HR Metrics For Today's Work World

April 8, 2024 | msn.com

Jamie Otis and Doug Hehner of ‘Married at First Sight’ Unveil Their Baby’s Gender in a Unique Reveal

April 8, 2024 | msn.com

“MAFS”' Jamie Otis and Doug Hehner Find Out the Sex of One of Their Twins on the Way — See Exclusive Photos

April 8, 2024 | tmcnet.com

Precision Neuroscience Names Verily Co-Founder Brian Otis as Chief Technology Officer

April 6, 2024 | msn.com

Sarasota's Climate Adaptation Center predicts an extremely active 2024 hurricane season

April 4, 2024 | ca.style.yahoo.com

Jamie Otis praises husband Doug Hehner for overcoming opioid addiction: 'Suffering alone in silence only amplifies the problems you have'

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: 4/18/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Electronic, electrical equipment & components, except computer equipment
Sub-Industry: N/A
Current Symbol: NYSE:OTIS
CUSIP: N/A
CIK: 1781335
Web: www.otis.com
Phone: 860-674-3000
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: -1.3%
Consensus Rating: Hold
Rating Score (0-4): 2.22
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.39
Trailing P/E Ratio: 28.17
Forward P/E Ratio: 24.67
P/E Growth: N/A
Net Income: $1.41 billion
Net Margins: 9.90%
Pretax Margin: 14.29%
Return on Equity: -30.75%
Return on Assets: 14.51%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.99
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $14.21 billion
Price / Sales: 2.72
Cash Flow: $4.08 per share
Price / Cash Flow: 23.42
Book Value: ($11.97) per share
Price / Book: -7.98

Miscellaneous

Outstanding Shares: 404,180,000
Free Float: 403,251,000
Market Cap: $38.60 billion
Optionable: Optionable
Beta: 1.01

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Key Executives

Ms. Judith F. Marks (Age 60)
Chair, President & CEO
Comp: $4.44M
Mr. Anurag Maheshwari (Age 50)
Executive VP & CFO
Comp: $1.74M
Ms. Nora E. LaFreniere (Age 53)
Executive VP & Chief General Counsel
Comp: $1.45M
Mr. Peiming Zheng (Age 56)
Executive VP & Chief Product, Delivery and Customer Officer
Comp: $2.55M
Mr. Stephane de Montlivault (Age 64)
President of Otis Asia Pacific
Comp: $1.62M
Mr. Todd Glance
Executive Vice President of Operations
Mr. Michael Patrick Ryan (Age 53)
Senior VP & Chief Accounting Officer
Rina Leonard
VP & Global Chief Information Officer
Ms. Randi Tanguay
VP & Chief Communications Officer
Ms. Robin Fiala
Vice President of Sales & Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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.:

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 equities research 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 equities research 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 analysts have issued 12 month price targets for Otis Worldwide's shares. Their OTIS share price targets range from $88.00 to $102.00. On average, they expect the company's stock price to reach $94.29 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
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 stock has increased by 6.7% and is now trading at $95.49.
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 earnings results on Wednesday, January, 31st. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The business earned $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 30.75% and a net margin of 9.90%. During the same quarter in the previous year, the company 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. Stockholders 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 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 1.42%. 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 ETFs hold Otis Worldwide's stock?: ETFs with the largest weight of Otis Worldwide (NYSE:OTIS) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust US Equity Opportunities ETF (FPX), WBI BullBear Quality 3000 ETF (WBIL), WBI BullBear Yield 3000 ETF (WBIG), AdvisorShares Focused Equity ETF (CWS), SmartETFs Dividend Builder ETF (DIVS), ClearBridge Focus Value ESG ETF (CFCV) and WisdomTree U.S. AI Enhanced Value Fund (AIVL).
What guidance has Otis Worldwide issued on next quarter's earnings?: Otis Worldwide issued an update on its FY24 earnings guidance on Thursday, February, 15th. The company provided EPS guidance of $3.79-$3.89 for the period, compared to the consensus EPS estimate of $3.86.
Who are Otis Worldwide's major shareholders?: Otis Worldwide's stock is owned by many different 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 4/18/2024 by MarketBeat.com Staff

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