Otis Worldwide Corporation (NYSE:OTIS) Given Average Recommendation of “Hold” by Analysts

Otis Worldwide Corporation (NYSE:OTIS) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $97.6364.

OTIS has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price objective 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. Royal Bank Of Canada lowered their price objective on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Evercore assumed coverage on Otis Worldwide in a research note on Monday, April 13th. They issued an “outperform” rating and a $100.00 target price on the stock. New Street Research set a $98.00 target price on Otis Worldwide in a research note on Friday, January 30th. Finally, UBS Group set a $105.00 target price on Otis Worldwide in a research note on Thursday, April 23rd.

Institutional Trading of Otis Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of OTIS. Root Financial Partners LLC purchased a new stake in Otis Worldwide in the third quarter worth about $26,000. Camelot Portfolios LLC purchased a new position in shares of Otis Worldwide during the fourth quarter valued at approximately $26,000. Stance Capital LLC purchased a new position in shares of Otis Worldwide during the third quarter valued at approximately $27,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Otis Worldwide during the fourth quarter valued at approximately $27,000. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Otis Worldwide during the third quarter valued at approximately $31,000. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Otis Worldwide Price Performance

OTIS opened at $71.13 on Friday. The firm has a market capitalization of $27.29 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. Otis Worldwide has a one year low of $70.65 and a one year high of $101.42. The company has a fifty day moving average price of $79.27 and a 200-day moving average price of $85.83.

Otis Worldwide (NYSE:OTIS) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s quarterly 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. On average, analysts expect that Otis Worldwide will post 4.19 earnings per share for the current year.

Otis Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.5%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, May 15th. Otis Worldwide’s dividend payout ratio (DPR) is 44.68%.

Trending Headlines about Otis Worldwide

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.

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.