Q3 EPS Estimates for Otis Worldwide Raised by Zacks Research

Otis Worldwide Corporation (NYSE:OTIS) – Equities research analysts at Zacks Research upped their Q3 2026 earnings per share estimates for Otis Worldwide in a report released on Wednesday, February 18th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.13 for the quarter, up from their prior estimate of $1.11. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share. Zacks Research also issued estimates for Otis Worldwide’s Q2 2027 earnings at $1.22 EPS, Q3 2027 earnings at $1.25 EPS, Q4 2027 earnings at $1.27 EPS, FY2027 earnings at $4.81 EPS and FY2028 earnings at $5.39 EPS.

Several other research firms have also recently weighed in on OTIS. BNP Paribas Exane upgraded Otis Worldwide from a “neutral” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Tuesday, December 9th. JPMorgan Chase & Co. cut Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 price target for the company. in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Otis Worldwide in a research report on Monday, December 29th. Barclays raised their price objective on Otis Worldwide from $90.00 to $92.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Finally, New Street Research set a $98.00 target price on Otis Worldwide in a research note on Friday, January 30th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $101.44.

Otis Worldwide Trading Down 0.4%

NYSE OTIS opened at $92.66 on Friday. The firm’s 50 day simple moving average is $89.22 and its 200 day simple moving average is $89.12. The firm has a market capitalization of $36.02 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 2.80 and a beta of 1.01. Otis Worldwide has a 1 year low of $84.00 and a 1 year high of $106.83.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. Otis Worldwide had a net margin of 9.59% and a negative return on equity of 30.42%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OTIS. Root Financial Partners LLC bought a new position in shares of Otis Worldwide in the third quarter worth approximately $26,000. Stance Capital LLC bought a new position in Otis Worldwide in the 3rd quarter worth $27,000. Camelot Portfolios LLC bought a new stake in Otis Worldwide during the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Otis Worldwide in the fourth quarter valued at about $27,000. Finally, Chilton Capital Management LLC bought a new position in shares of Otis Worldwide in the second quarter worth about $31,000. 88.03% of the stock is currently owned by institutional investors.

Insider Transactions at Otis Worldwide

In related news, CEO Judith Fran Marks sold 56,107 shares of Otis Worldwide stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $90.89, for a total value of $5,099,565.23. Following the completion of the sale, the chief executive officer owned 231,072 shares of the company’s stock, valued at $21,002,134.08. The trade was a 19.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Montlivault Stephane De sold 47,944 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $92.25, for a total value of $4,422,834.00. Following the completion of the transaction, the insider directly owned 29,176 shares in the company, valued at approximately $2,691,486. This represents a 62.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 158,013 shares of company stock valued at $14,337,635. Corporate insiders own 0.23% of the company’s stock.

Otis Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, February 13th. Otis Worldwide’s dividend payout ratio is presently 48.00%.

Otis Worldwide Company Profile

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.