Analysts Set Otis Worldwide Corporation (NYSE:OTIS) Price Target at $95.45

Shares of Otis Worldwide Corporation (NYSE:OTIS) have been given an average recommendation of “Hold” by the ten analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $95.4545.

OTIS has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Barclays decreased their target price on shares of Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday, April 23rd. Evercore reiterated an “outperform” rating and issued a $95.00 target price on shares of Otis Worldwide in a research note on Thursday. Morgan Stanley set a $88.00 price target on shares of Otis Worldwide in a report on Friday, April 24th. Finally, Wells Fargo & Company reduced their price target on shares of Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st.

More Otis Worldwide News

Here are the key news stories impacting Otis Worldwide this week:

• Positive Sentiment: Otis’ service segment remains the main growth driver, with modernization up 24% and maintenance trends accelerating, while backlog and order momentum in the Americas support the longer-term outlook. Otis Worldwide: Don’t Expect Meaningful Upside Near-Term, But I Remain Bullish
• Positive Sentiment: Otis declared a quarterly dividend of $0.44 per share, reinforcing its cash-return profile for income-focused investors. Otis Declares Quarterly Dividend of $0.44 per Share
• Neutral Sentiment: The stock is trading below recent historical valuation levels after a sizable year-to-date decline, which may interest value investors but does not change the near-term operating challenges. Is Otis Stock Attractive After Guidance Cuts and Its 19% YTD Slide?
• Neutral Sentiment: Analysts continue to rate Otis as a “Hold,” reflecting a balanced view between steady service growth and weaker equipment demand. Otis Worldwide Corporation (NYSE:OTIS) Given Consensus Rating of “Hold” by Analysts
• Negative Sentiment: Recent earnings commentary points to contracting margins, weaker New Equipment demand, and continued drag from China, which is why investors are focusing on the guidance cut rather than the revenue beat. Otis Worldwide: Strong Service Growth Still Needs To Show Margin Expansion

Otis Worldwide Trading Up 0.0%

NYSE OTIS opened at $71.94 on Friday. Otis Worldwide has a 12 month low of $69.16 and a 12 month high of $94.57. The stock has a market cap of $27.39 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.58 and a beta of 0.90. The stock’s fifty day moving average price is $71.95 and its 200-day moving average price is $79.90.

Otis Worldwide (NYSE:OTIS) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, analysts forecast that Otis Worldwide will post 4 earnings per share for the current fiscal year.

Otis Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.76 annualized dividend and a yield of 2.4%. Otis Worldwide’s dividend payout ratio is 45.24%.

Institutional Trading of Otis Worldwide

Several institutional investors have recently added to or reduced their stakes in OTIS. Camelot Portfolios LLC bought a new position in shares of Otis Worldwide during the fourth quarter valued at $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Otis Worldwide during the fourth quarter valued at $27,000. Elevation Wealth Partners LLC increased its holdings in Otis Worldwide by 1,910.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 402 shares of the company’s stock worth $29,000 after buying an additional 382 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Otis Worldwide in the 4th quarter worth about $33,000. Finally, Reflection Asset Management bought a new stake in Otis Worldwide in the 4th quarter worth about $34,000. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

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.