NYSE:OTIS Otis Worldwide (OTIS) Stock Price, News & Analysis $101.14 -2.88 (-2.77%) (As of 10/8/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Otis Worldwide Stock (NYSE:OTIS) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Otis Worldwide alerts:Sign Up Key Stats Today's Range$100.44▼$103.9050-Day Range$91.43▼$104.8152-Week Range$73.32▼$105.39Volume2.27 million shsAverage Volume2.12 million shsMarket Capitalization$40.51 billionP/E Ratio29.23Dividend Yield1.54%Price Target$102.71Consensus RatingHold Company OverviewOtis 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… [SHOCKING] Crypto Document Leak… (Ad)The crypto market waits for no one. And my team of experts and I believe that a BIG move is right around the corner. That's why we're offering you instant access to the game-changing book that's transforming average investors into massive crypto successes.Download your digital copy now Otis Worldwide Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks83rd Percentile Overall ScoreOTIS MarketRank™: Otis Worldwide scored higher than 83% of companies evaluated by MarketBeat, and ranked 30th out of 104 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.1 / 5Analyst RatingHold Consensus RatingOtis Worldwide has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 8 hold ratings, and no sell ratings.Amount of Analyst CoverageOtis Worldwide has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Otis Worldwide's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth10.31% Earnings GrowthEarnings for Otis Worldwide are expected to grow by 10.31% in the coming year, from $3.88 to $4.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Otis Worldwide is 29.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Otis Worldwide is 29.23, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 25.09.Read more about Otis Worldwide's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.68% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Otis Worldwide has recently increased by 20.43%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldOtis Worldwide pays a meaningful dividend of 1.49%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOtis Worldwide does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Otis Worldwide is 45.09%. 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 36.45% next year. This indicates that Otis Worldwide will be able to sustain or increase its dividend.Read more about Otis Worldwide's dividend. Sustainability and ESG2.9 / 5Environmental Score-1.89 Percentage of Shares Shorted1.68% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Otis Worldwide has recently increased by 20.43%, indicating that investor sentiment is decreasing significantly. News and Social Media2.5 / 5News Sentiment0.45 News SentimentOtis Worldwide has a news sentiment score of 0.45. 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 0.70 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Otis Worldwide this week, compared to 13 articles on an average week.Search Interest7 people have searched for OTIS on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Otis Worldwide insiders have not sold or bought any 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.Read more about Otis Worldwide's insider trading history. 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 OTIS Stock News HeadlinesOtis shares fall pre-market following downgrade by Wolfe ResearchOctober 8 at 2:59 PM | msn.comWolfe Research downgrades Otis: is the elevator stock heading down?October 8 at 2:59 PM | msn.com[SHOCKING] Crypto Document Leak…The crypto market waits for no one. And my team of experts and I believe that a BIG move is right around the corner. That's why we're offering you instant access to the game-changing book that's transforming average investors into massive crypto successes.October 8, 2024 | Crypto 101 Media (Ad)Otis Worldwide shares drop as Wolfe Research downgradesOctober 8 at 9:57 AM | msn.comOtis Worldwide (NYSE:OTIS) Given New $108.00 Price Target at Wells Fargo & CompanyOctober 8 at 5:10 AM | americanbankingnews.comWhat to Expect From Otis Worldwide's Q3 2024 Earnings ReportOctober 7 at 6:54 PM | msn.comOtis Redding receives a posthumous star on the Hollywood Walk of FameOctober 4, 2024 | msn.comOtis Worldwide (NYSE:OTIS) Hits New 12-Month High Following Analyst UpgradeOctober 4, 2024 | americanbankingnews.comSee More Headlines OTIS Stock Analysis - Frequently Asked Questions How have OTIS shares performed this year? Otis Worldwide's stock was trading at $89.47 at the start of the year. Since then, OTIS shares have increased by 13.0% and is now trading at $101.14. 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, July, 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. Otis Worldwide's revenue was down 3.2% compared to the same quarter last year. Read the conference call transcript. Who are Otis Worldwide's major shareholders? Top institutional shareholders of Otis Worldwide include Handelsbanken Fonder AB (0.06%), SG Americas Securities LLC (0.04%), Allied Investment Advisors LLC (0.03%) and Czech National Bank (0.02%). Insiders that own company stock include Judith Fran Marks, Montlivault Stephane De, Fernandez Bernardo Calleja, Peiming Zheng, Rahul Ghai, Nora E Lafreniere, James F Cramer and Michael Patrick Ryan. 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. Company Calendar Last Earnings7/24/2024Ex-Dividend for 9/6 Dividend8/16/2024Dividend Payable9/06/2024Today10/08/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry Electronic, electrical equipment & components, except computer equipment Sub-IndustryElectrical Equipment Current SymbolNYSE:OTIS CUSIPN/A CIK1781335 Webwww.otis.com Phone860-674-3000FaxN/AEmployees71,000Year Founded1853Price Target and Rating Average Stock Price Target$102.71 High Stock Price Target$110.00 Low Stock Price Target$95.00 Potential Upside/Downside-0.2%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio29.20 Forward P/E Ratio26.04 P/E GrowthN/ANet Income$1.41 billion Net Margins10.35% Pretax Margin14.48% Return on Equity-31.65% Return on Assets15.34% Debt Debt-to-Equity RatioN/A Current Ratio0.79 Quick Ratio0.71 Sales & Book Value Annual Sales$14.21 billion Price / Sales2.85 Cash Flow$3.95 per share Price / Cash Flow25.57 Book Value($11.97) per share Price / Book-8.44Miscellaneous Outstanding Shares400,550,000Free Float403,393,000Market Cap$40.47 billion OptionableOptionable Beta1.03 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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