Shares of Otis Worldwide Corporation (NYSE:OTIS – Get Free Report) have received an average rating of “Hold” from the ten research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $91.00.
OTIS has been the subject of a number of research reports. Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a research note on Tuesday, July 28th. Evercore reissued an “outperform” rating and issued a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Morgan Stanley set a $75.00 price objective on Otis Worldwide in a report on Monday, August 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Otis Worldwide in a research note on Monday, September 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a report on Wednesday, August 12th.
View Our Latest Research Report on Otis Worldwide
Otis Worldwide Trading Down 0.3%
Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business earned $1.05 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. Equities research analysts forecast that Otis Worldwide will post 4.04 EPS for the current year.
Otis Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were given a dividend of $0.44 per share. The ex-dividend date was Friday, August 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.7%. Otis Worldwide’s dividend payout ratio (DPR) is 45.24%.
Hedge Funds Weigh In On Otis Worldwide
Several hedge funds have recently made changes to their positions in OTIS. Wedmont Private Capital raised its holdings in shares of Otis Worldwide by 17.1% in the 3rd quarter. Wedmont Private Capital now owns 5,443 shares of the company’s stock worth $360,000 after purchasing an additional 796 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Otis Worldwide by 76.7% during the third quarter. GAMMA Investing LLC now owns 9,511 shares of the company’s stock worth $612,000 after buying an additional 4,129 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Otis Worldwide by 45.4% during the third quarter. Farther Finance Advisors LLC now owns 8,402 shares of the company’s stock worth $540,000 after buying an additional 2,622 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Otis Worldwide by 94.6% in the third quarter. Valeo Financial Advisors LLC now owns 8,479 shares of the company’s stock worth $545,000 after buying an additional 4,122 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its position in Otis Worldwide by 70.6% in the third quarter. Elevation Wealth Partners LLC now owns 686 shares of the company’s stock worth $44,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.
About Otis Worldwide
Otis Worldwide Corporation (NYSE: OTIS) is a global manufacturer and service provider focused on elevator and escalator systems. The company designs, manufactures, installs and maintains elevators, escalators and moving walkways for commercial buildings, residential properties, transportation hubs and other infrastructure.
Its offerings include passenger and freight elevators, escalators, moving walkways, digital monitoring solutions and related components. Otis also provides ongoing maintenance, repair, modernization and replacement services, which support the performance and safety of equipment throughout its operating life.
The company traces its origins to 1853, when Elisha Graves Otis demonstrated a safety elevator that helped make taller buildings practical.
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