<div id="readability-page-1"><p>Shares of Otis Worldwide Corporation (NYSE:OTIS - Get Free Report) have received a consensus rating of &#34;Hold&#34; from the eleven research firms that are  covering the firm, Marketbeat Ratings reports. One analyst  has rated the stock with a sell recommendation, seven have assigned  a hold recommendation and three have given a buy recommendation to  the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $97.6364.</p><ul><li>Why Otis Worldwide Stock Keeps Going Up</li></ul><p>Several research firms recently commented on OTIS. Wall Street Zen lowered Otis Worldwide from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, January 10th. Wells Fargo &amp; Company decreased their price target on Otis Worldwide from $92.00 to $80.00 and set an &#34;equal weight&#34; rating for the company in a 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 &#34;outperform&#34; rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley  set a $88.00 price objective on shares of Otis Worldwide in a research note on Friday, April 24th. Finally, JPMorgan Chase &amp; Co. cut shares of Otis Worldwide from an &#34;overweight&#34; rating to a &#34;neutral&#34; rating and set a $98.00 target price for the company. in a research note on Friday, January 30th.</p><div><p><span></span><span>Get <strong>Otis Worldwide</strong> alerts:</span></p></div><p><b>Read Our Latest Stock Analysis on Otis Worldwide</b></p><h2>Otis Worldwide Price Performance</h2><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p>NYSE OTIS opened at $74.83 on Friday. Otis Worldwide has a 1 year low of $74.62 and a 1 year high of $101.42. The company has a market capitalization of $28.71 billion, a PE ratio of 19.90, a P/E/G ratio of 2.45 and a beta of 0.95. The company has a fifty day moving average of $81.47 and a 200 day moving average of $86.57. </p><p>Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.Otis Worldwide's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS.  Research analysts expect that  Otis Worldwide will post 4.18 earnings per share for the current year. </p><h2>Otis Worldwide Increases Dividend</h2><p>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 issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Otis Worldwide's previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. Otis Worldwide's dividend payout ratio  is presently 44.68%. </p><h2>Insider Transactions at Otis Worldwide</h2><p>In other news, CAO Michael Patrick Ryan sold 1,182 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $90.06, for a total transaction of $106,450.92. Following the sale, the chief accounting officer directly owned 3,504 shares in the company, valued at $315,570.24. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, insider Montlivault Stephane De sold 47,944 shares of Otis Worldwide stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $92.25, for a total value of $4,422,834.00. Following the completion of the transaction, the insider owned 29,176 shares of the company's stock, valued at approximately $2,691,486. This represents a 62.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own  0.14% of the company's stock. </p><h2>Institutional Trading of Otis Worldwide</h2><p>Several institutional investors have recently bought and sold shares of OTIS. Oslo Pensjonsforsikring AS acquired a new position in shares of  Otis Worldwide during the 1st quarter worth approximately $207,000.  Cassaday &amp; Co Wealth Management LLC acquired a new stake in  Otis Worldwide in the 1st quarter valued at $137,000.  Dimensional Fund Advisors LP increased its holdings in  Otis Worldwide by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,969,372 shares of the company's stock worth $151,790,000 after acquiring an additional 83,896 shares in the last quarter.  KBC Group NV increased its holdings in  Otis Worldwide by 64.1% in the 1st quarter. KBC Group NV now owns 453,059 shares of the company's stock worth $34,922,000 after acquiring an additional 176,913 shares in the last quarter.  Finally, SEB Asset Management AB acquired a new position in  Otis Worldwide during the first quarter worth $7,814,000. 88.03% of the stock is owned by institutional investors and hedge funds. </p><h2>About Otis Worldwide</h2> (Get Free Report)<p>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.  </p><p>In addition to new equipment sales, a significant portion of Otis's business derives from long-term service contracts and responsive maintenance work.</p><h2>See Also</h2><ul><li>Five stocks we like better than Otis Worldwide</li><li>Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due</li><li>Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches</li><li>Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money</li><li>Water Infrastructure: Why This Boring Sector Could Get Exciting</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Otis Worldwide Right Now?</h2><p>Before you consider Otis Worldwide, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Otis Worldwide wasn't on the list.</p><p>While Otis Worldwide currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

OTIS

<p>Otis Worldwide Corporation (NYSE:OTIS) has received a consensus rating of "Hold" from eleven research firms. One analyst rated it as a sell, seven as hold, and three as buy. The average target price is $97.64. Recent reports show mixed ratings, with some firms lowering their price targets. The company reported $0.89 EPS, missing estimates, and had a revenue of $3.57 billion. Otis Worldwide also announced a quarterly dividend increase to $0.44, with a yield of 2.4%. Insider transactions showed significant stock sales by executives.</p>

Otis Worldwide Corporation (NYSE:OTIS) Given Average Recommendation of "Hold" by Brokerages