NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis → Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share (From Colonial Metals) (Ad) Free OTIS Stock Alerts $93.30 -0.07 (-0.07%) (As of 11:58 AM ET) Add Compare Share Share Today's Range$92.56▼$93.9550-Day Range$91.05▼$100.2152-Week Range$73.32▼$100.35Volume609,535 shsAverage Volume2.01 million shsMarket Capitalization$37.71 billionP/E Ratio27.52Dividend Yield1.46%Price Target$95.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Otis Worldwide alerts: Email Address Otis Worldwide MarketRank™ Stock AnalysisAnalyst RatingHold2.29 Rating ScoreUpside/Downside1.7% Upside$95.00 Price TargetShort InterestHealthy1.31% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.89Upright™ Environmental ScoreNews Sentiment0.41Based on 41 Articles This WeekInsider TradingSelling Shares$5.10 M Sold Last QuarterProj. Earnings Growth10.85%From $3.87 to $4.29 Per ShareSee Full Details Hide Full Details 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.4.40 out of 5 starsConstruction Sector17th out of 99 stocksElectronic, Electrical Equipment & Components, Except Computer Equipment Industry3rd out of 3 stocks 2.1 Analyst's Opinion Consensus RatingOtis Worldwide has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageOtis Worldwide has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.31% 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 2.6, 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 11.50%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldOtis Worldwide pays a meaningful dividend of 1.40%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOtis Worldwide has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Otis Worldwide is 40.12%. 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 31.70% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOtis 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 SustainabilityThe Environmental Impact score for Otis Worldwide is -1.89. Previous Next 1.9 News and Social Media Coverage News SentimentOtis Worldwide has a news sentiment score of 0.41. 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 0.57 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 41 news articles for Otis Worldwide this week, compared to 13 articles on an average week.Search InterestOnly 7 people have searched for OTIS on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Otis Worldwide to their MarketBeat watchlist in the last 30 days. This is a decrease of -45% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Otis Worldwide is 27.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.92.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 27.54, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 16.82. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchMysterious Gold Leverage Just AnnouncedWorld's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.Find out what it is and see how you can get in with just a few dollars. 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.Read More OTIS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OTIS Stock News HeadlinesApril 25, 2024 | finance.yahoo.comQ1 2024 Otis Worldwide Corp Earnings CallApril 24, 2024 | fool.comOtis Worldwide (OTIS) Q1 2024 Earnings Call TranscriptApril 25, 2024 | Chaikin Analytics (Ad)“The Biggest Bubble of All Time” – Here’s What to Do.Despite AI's incredible run-up in 2023, we're getting some conflicting messages. Analysts at JP Morgan warn that an "AI-driven bubble" could drag the entire stock market down. Folks at Morgan Stanley say AI hysteria is creating conditions like the dot-com collapse. Even AI leaders (the people who benefit the most!) are getting worried.April 24, 2024 | finanznachrichten.deOtis Worldwide Corporation: Otis Reports First Quarter 2024 ResultsApril 24, 2024 | finance.yahoo.comOtis Worldwide Corp (OTIS) Q1 Earnings: Solid Service Growth and Margin ExpansionApril 24, 2024 | investorplace.comA Repeat of 2022? 7 Defensive Stocks to Buy Before the Correction.April 24, 2024 | finanznachrichten.deOtis Worldwide Corporation: Otis Announces 14.7 Percent Increase in Quarterly Dividend to $0.39 per ShareApril 24, 2024 | msn.comOtis Worldwide Non-GAAP EPS of $0.88 beats by $0.02, revenue of $3.44B misses by $20MApril 25, 2024 | Chaikin Analytics (Ad)“The Biggest Bubble of All Time” – Here’s What to Do.Despite AI's incredible run-up in 2023, we're getting some conflicting messages. Analysts at JP Morgan warn that an "AI-driven bubble" could drag the entire stock market down. Folks at Morgan Stanley say AI hysteria is creating conditions like the dot-com collapse. Even AI leaders (the people who benefit the most!) are getting worried.April 24, 2024 | sfgate.comOtis Worldwide: Q1 Earnings SnapshotApril 24, 2024 | ca.finance.yahoo.comLiftmaker Otis beats first-quarter profit estimates on high demand for maintenanceApril 24, 2024 | prnewswire.comOTIS REPORTS FIRST QUARTER 2024 RESULTSApril 23, 2024 | marketwatch.comOtis Worldwide Lifts Quarterly Dividend by 15%April 23, 2024 | msn.comOtis Worldwide raises dividend by 14.7% to $0.39April 23, 2024 | prnewswire.comOtis Announces 14.7 Percent Increase in Quarterly Dividend to $0.39 per ShareApril 23, 2024 | msn.comGrieving mum killed herself nine hours after unsupervised release from hospitalApril 23, 2024 | msn.comWWE Raw Results 4/22 - Women's World Championship Battle Royal, GUNTHER Returns & MoreApril 23, 2024 | mirror.co.ukGrieving teacher devastated by death of newborn took own life months laterApril 23, 2024 | msn.comAnimals Abused on Set of 1986 Movie 'The Adventures of Milo and Otis'?April 22, 2024 | yahoo.comLongest Celebrity Engagements: Michelle Yeoh, Olivia Wilde MoreApril 22, 2024 | msn.comTrailblazing mountain bike pioneer honors the sport’s rich history at Fairfax museumApril 22, 2024 | yahoo.comThe 70 Best ’70s Movies to Stream Right NowApril 22, 2024 | msn.comOtis Redding’s “(Sittin’ On) The Dock of the Bay” Climbs to No. 1 After His Untimely DeathApril 22, 2024 | finanznachrichten.deOtis Worldwide Corporation: Science Based Targets Initiative Approves Otis Targets for Reducing Greenhouse Gas EmissionsApril 22, 2024 | yahoo.comFormer Savannah Mayor Otis Johnson, an elder with many lessons still to shareApril 22, 2024 | prnewswire.comScience Based Targets initiative Approves Otis Targets for Reducing Greenhouse Gas EmissionsApril 21, 2024 | msn.comWWE Main Event results: Ludwig Kaiser vs. OtisSee More Headlines Receive OTIS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Otis Worldwide and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/8 Dividend2/15/2024Dividend Payable3/08/2024Last Earnings4/24/2024Today4/25/2024Ex-Dividend for 6/7 Dividend5/16/2024Dividend Payable6/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry Electronic, electrical equipment & components, except computer equipment Sub-IndustryN/A Current SymbolNYSE:OTIS CUSIPN/A CIK1781335 Webwww.otis.com Phone860-674-3000FaxN/AEmployees71,000Year Founded1853Price Target and Rating Average Stock Price Target$95.00 High Stock Price Target$102.00 Low Stock Price Target$88.00 Potential Upside/Downside+1.7%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.39 Trailing P/E Ratio27.54 Forward P/E Ratio24.13 P/E GrowthN/ANet Income$1.41 billion Net Margins9.90% Pretax Margin14.29% Return on Equity-30.75% Return on Assets14.51% Debt Debt-to-Equity RatioN/A Current Ratio0.99 Quick Ratio0.89 Sales & Book Value Annual Sales$14.21 billion Price / Sales2.66 Cash Flow$3.93 per share Price / Cash Flow23.78 Book Value($11.97) per share Price / Book-7.80Miscellaneous Outstanding Shares404,180,000Free Float403,251,000Market Cap$37.74 billion OptionableOptionable Beta1.01 Social Links The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMs. Judith F. Marks (Age 60)Chair, President & CEO Comp: $4.44MMr. Anurag Maheshwari (Age 50)Executive VP & CFO Comp: $1.74MMs. Nora E. LaFreniere (Age 53)Executive VP & Chief General Counsel Comp: $1.45MMr. Peiming Zheng (Age 56)Executive VP & Chief Product, Delivery and Customer Officer Comp: $2.55MMr. Stephane de Montlivault (Age 64)President of Otis Asia Pacific Comp: $1.62MMr. Todd GlanceExecutive Vice President of OperationsMr. Michael Patrick Ryan (Age 53)Senior VP & Chief Accounting Officer Rina LeonardVP & Global Chief Information OfficerMs. Randi TanguayVP & Chief Communications OfficerMs. Robin FialaVice President of Sales & MarketingMore ExecutivesKey CompetitorsMartin Marietta MaterialsNYSE:MLMQuanta ServicesNYSE:PWRLennarNYSE:LENUnited RentalsNYSE:URIVulcan MaterialsNYSE:VMCView All CompetitorsInsiders & InstitutionsCambridge Investment Research Advisors Inc.Bought 110 shares on 4/25/2024Ownership: 0.008%IMA Wealth Inc.Sold 289 shares on 4/25/2024Ownership: 0.002%Telos Capital Management Inc.Sold 353 shares on 4/25/2024Ownership: 0.001%Essex Financial Services Inc.Sold 222 shares on 4/24/2024Ownership: 0.004%Private Trust Co. NABought 118 shares on 4/24/2024Ownership: 0.003%View All Insider TransactionsView 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? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 5 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? 7 Wall Street research analysts have issued 12 month price objectives for Otis Worldwide's stock. Their OTIS share price targets range from $88.00 to $102.00. On average, they predict the company's share price to reach $95.00 in the next year. This suggests a possible upside of 1.7% from the stock's current price. 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 on January 1st, 2024. Since then, OTIS shares have increased by 4.4% and is now trading at $93.37. View the best growth stocks for 2024 here. How were Otis Worldwide's earnings last quarter? Otis Worldwide Co. (NYSE:OTIS) posted its quarterly earnings results on Wednesday, April, 24th. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The company had revenue of $3.44 billion for the quarter, compared to analysts' expectations of $3.44 billion. Otis Worldwide had a net margin of 9.90% and a negative trailing twelve-month return on equity of 30.75%. 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. Shareholders of record on Friday, February 16th will be given a dividend of $0.34 per share on Friday, March 8th. This represents a $1.36 annualized dividend and a yield of 1.46%. 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 1.40%. 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), AdvisorShares Focused Equity ETF (CWS), WBI BullBear Quality 3000 ETF (WBIL), WBI BullBear Yield 3000 ETF (WBIG), Brookstone Value Stock ETF (BAMV), First Trust US Equity Opportunities ETF (FPX), VanEck Morningstar Wide Moat Growth ETF (MGRO) and SmartETFs Dividend Builder ETF (DIVS). What guidance has Otis Worldwide issued on next quarter's earnings? Otis Worldwide issued an update on its FY24 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of $3.83-$3.90 for the period, compared to the consensus EPS estimate of $3.88. The company issued revenue guidance of $14.5-$14.8 billion, compared to the consensus revenue estimate of $14.70 billion. Who are Otis Worldwide's major shareholders? Otis Worldwide's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sarasin & Partners LLP (0.80%), Los Angeles Capital Management LLC (0.57%), Guinness Asset Management LTD (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Pensioenfonds Rail & OV (0.10%) and Allspring Global Investments Holdings LLC (0.06%). 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 4/25/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThe A.I. story nobody is telling you (Read ASAP)TradeSmithThis Apple-like Innovator is Revolutionizing HealthcareWall Street StarHe Is Giving Away BitcoinCrypto Swap Profitstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe only accurate crypto trading system I know …Weiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Otis Worldwide Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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