Zacks Research Forecasts Reduced Earnings for Otis Worldwide

Otis Worldwide Co. (NYSE:OTIS) – Equities research analysts at Zacks Research cut their Q4 2025 earnings estimates for shares of Otis Worldwide in a note issued to investors on Wednesday, February 19th. Zacks Research analyst S. Mukherjee now expects that the company will post earnings of $1.07 per share for the quarter, down from their previous forecast of $1.14. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share.

Several other equities analysts have also weighed in on OTIS. Wells Fargo & Company dropped their price objective on shares of Otis Worldwide from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Barclays cut their price objective on shares of Otis Worldwide from $94.00 to $91.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Wolfe Research lowered Otis Worldwide from a “peer perform” rating to an “underperform” rating and set a $104.00 price target on the stock. in a research note on Thursday, December 12th. UBS Group began coverage on shares of Otis Worldwide in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $113.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Otis Worldwide from $108.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Otis Worldwide currently has a consensus rating of “Hold” and a consensus price target of $102.88.

Otis Worldwide Trading Up 0.3 %

NYSE OTIS opened at $98.67 on Monday. The stock has a 50 day moving average of $94.70 and a 200-day moving average of $97.36. Otis Worldwide has a 12 month low of $90.12 and a 12 month high of $106.33. The company has a market cap of $39.12 billion, a PE ratio of 24.30 and a beta of 1.06.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). Otis Worldwide had a net margin of 11.53% and a negative return on equity of 31.76%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Forum Financial Management LP boosted its position in shares of Otis Worldwide by 12.0% during the fourth quarter. Forum Financial Management LP now owns 2,893 shares of the company’s stock valued at $268,000 after buying an additional 311 shares during the period. Toronto Dominion Bank boosted its position in Otis Worldwide by 56.5% during the 4th quarter. Toronto Dominion Bank now owns 219,473 shares of the company’s stock valued at $20,325,000 after acquiring an additional 79,200 shares in the last quarter. Vise Technologies Inc. bought a new position in Otis Worldwide in the fourth quarter worth about $267,000. Orion Capital Management LLC purchased a new stake in Otis Worldwide during the fourth quarter valued at approximately $35,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Otis Worldwide by 9.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,602,727 shares of the company’s stock worth $333,649,000 after purchasing an additional 316,890 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

Insider Buying and Selling

In other Otis Worldwide news, EVP Peiming Zheng sold 32,694 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $95.43, for a total transaction of $3,119,988.42. Following the completion of the sale, the executive vice president now directly owns 169 shares in the company, valued at $16,127.67. The trade was a 99.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nora E. Lafreniere sold 1,700 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $95.91, for a total value of $163,047.00. Following the completion of the sale, the executive vice president now owns 24,927 shares of the company’s stock, valued at $2,390,748.57. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,621 shares of company stock worth $10,046,255 in the last 90 days. Insiders own 0.23% of the company’s stock.

Otis Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, February 14th. Otis Worldwide’s payout ratio is currently 38.42%.

Otis Worldwide declared that its Board of Directors has initiated a share buyback plan on Thursday, January 16th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

About Otis Worldwide

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.