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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:OTIS

Otis Worldwide (OTIS) Stock Price, News & Analysis

$99.27
-0.59 (-0.59%)
(As of 03/28/2024 ET)
Today's Range
$99.09
$100.05
50-Day Range
$87.78
$100.21
52-Week Range
$73.32
$100.35
Volume
1.56 million shs
Average Volume
2.09 million shs
Market Capitalization
$40.25 billion
P/E Ratio
29.28
Dividend Yield
1.37%
Price Target
$92.29

Otis Worldwide MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
7.0% Downside
$92.29 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.44mentions of Otis Worldwide in the last 14 days
Based on 7 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.

4.51 out of 5 stars

Industrials Sector

1st out of 23 stocks

Specialty Industrial Machinery Industry

1st out of 4 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

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Otis Brazil Joins U.N. Companies With Refugees Forum
4 Bedroom Home in Papillion - $588,276
OTIS Mar 2024 97.500 put
The Top 3 Construction Stocks to Buy in March 2024
Otis Worldwide: A Compelling Service Segment
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
3/28/2024
Next Earnings (Estimated)
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
$92.29
High Stock Price Target
$102.00
Low Stock Price Target
$76.00
Potential Upside/Downside
-7.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
14.29%

Debt

Sales & Book Value

Annual Sales
$14.21 billion
Cash Flow
$4.13 per share
Book Value
($11.97) per share

Miscellaneous

Free Float
405,009,000
Market Cap
$40.25 billion
Optionable
Optionable
Beta
1.01

Social Links

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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.:

  • Strong stock performance with a 52-week high of $93.83, indicating potential for growth.
  • Consistent revenue generation with $3.62 billion reported for the last quarter, surpassing analyst estimates.
  • Positive earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate by $0.02.
  • Recent insider activity, such as insider Montlivault Stephane De selling shares at $91.10, may indicate confidence in the company.
  • Multiple research firms issuing buy ratings, suggesting a favorable outlook for the company's future.

Cons

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

  • Price-to-earnings ratio of 27.59, which may indicate the stock is currently overvalued.
  • Negative return on equity of 30.75%, highlighting potential financial instability.
  • Downgrade from a "buy" rating to a "hold" rating by Vertical Research, signaling a shift in sentiment.
  • Reduction in price target by Wells Fargo & Company from $97.00 to $95.00, suggesting a cautious stance on the stock.
  • Market consensus rating of "Hold" from research firms, indicating mixed opinions on the stock's performance.
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 Monday, March 25, 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?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 6 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?

8 brokers have issued 1-year price targets for Otis Worldwide's stock. Their OTIS share price targets range from $76.00 to $102.00. On average, they predict the company's stock price to reach $92.29 in the next year. This suggests that the stock has a possible downside of 7.0%.
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 stock has increased by 11.0% and is now trading at $99.27.
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 were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) announced its quarterly earnings results on Wednesday, January, 31st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The business earned $3.62 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the business posted $0.75 earnings per share.
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 1.37%. 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 1.38%. 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 issued an update on its FY24 earnings guidance on Thursday, February, 15th. The company provided earnings per share 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.29%), Vanguard Group Inc. (11.29%), Capital Research Global Investors (2.17%), Fiera Capital Corp (1.86%), Massachusetts Financial Services Co. MA (1.85%) and Norges Bank (1.73%). 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 3/29/2024 by MarketBeat.com Staff

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