Otis Worldwide Corporation (NYSE:OTIS – Get Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $72.51 and last traded at $73.2680, with a volume of 3208866 shares trading hands. The stock had previously closed at $74.10.
Key Otis Worldwide News
Here are the key news stories impacting Otis Worldwide this week:
- Positive Sentiment: Zacks Research nudged up its Q3 2026 EPS estimate to $1.14 from $1.13 and its Q4 2026 estimate to $1.18 from $1.17, signaling slightly better near-term earnings expectations.
- Positive Sentiment: Even with some forecast cuts, Zacks still sees Otis earning above the current consensus for FY2026 at $4.22 per share versus $4.18 expected by analysts overall.
- Neutral Sentiment: Market commentary focused on whether Wall Street analysts like Otis Worldwide stock and whether options traders are signaling a move, but no major company-specific operational update was included in these headlines. Do Wall Street analysts like Otis Worldwide stock?
- Negative Sentiment: Zacks Research lowered FY2026 EPS to $4.22 from $4.29 and FY2027 EPS to $4.67 from $4.81, implying softer profitability expectations over the next couple of years.
- Negative Sentiment: The firm also cut estimates for Q2 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q4 2027, and FY2028, which reinforces the cautious tone around Otis Worldwide’s earnings outlook.
Analyst Upgrades and Downgrades
Several brokerages recently commented on OTIS. Evercore began coverage on Otis Worldwide in a research report on Monday, April 13th. They set an “outperform” rating and a $100.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Otis Worldwide in a research report on Friday, March 27th. Wolfe Research lowered Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 8th. UBS Group set a $105.00 target price on Otis Worldwide in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company cut their target price on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.64.
Otis Worldwide Stock Down 2.6%
The stock has a 50 day simple moving average of $79.27 and a 200 day simple moving average of $85.83. The stock has a market cap of $27.29 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 2.39 and a beta of 0.95.
Otis Worldwide (NYSE:OTIS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 6.4% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Equities analysts expect that Otis Worldwide Corporation will post 4.19 earnings per share for the current year.
Otis Worldwide Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, May 15th. Otis Worldwide’s payout ratio is 44.68%.
Institutional Investors Weigh In On Otis Worldwide
A number of hedge funds have recently added to or reduced their stakes in the company. Oakworth Capital Inc. grew its stake in Otis Worldwide by 49.1% in the third quarter. Oakworth Capital Inc. now owns 343 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in shares of Otis Worldwide by 1.8% in the third quarter. Cookson Peirce & Co. Inc. now owns 6,615 shares of the company’s stock valued at $605,000 after purchasing an additional 115 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Otis Worldwide by 5.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,295 shares of the company’s stock valued at $202,000 after purchasing an additional 123 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Otis Worldwide by 57.7% in the third quarter. Physician Wealth Advisors Inc. now owns 339 shares of the company’s stock valued at $31,000 after purchasing an additional 124 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Otis Worldwide by 4.0% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 3,217 shares of the company’s stock valued at $281,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.
About Otis Worldwide
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.
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