Q2 EPS Estimates for Otis Worldwide Cut by Zacks Research

Otis Worldwide Co. (NYSE:OTIS) – Equities research analysts at Zacks Research reduced their Q2 2025 EPS estimates for Otis Worldwide in a research note issued to investors on Wednesday, May 14th. Zacks Research analyst S. Mukherjee now anticipates that the company will post earnings per share of $1.02 for the quarter, down from their previous estimate of $1.05. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share. Zacks Research also issued estimates for Otis Worldwide’s Q4 2025 earnings at $1.05 EPS, Q1 2026 earnings at $1.03 EPS, Q2 2026 earnings at $1.07 EPS and Q1 2027 earnings at $1.11 EPS.

Several other brokerages have also recently issued reports on OTIS. Barclays decreased their target price on shares of Otis Worldwide from $92.00 to $90.00 and set an “underweight” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of Otis Worldwide from $105.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of Otis Worldwide from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada decreased their target price on shares of Otis Worldwide from $109.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $98.86.

Otis Worldwide Stock Performance

OTIS opened at $97.82 on Thursday. The stock has a market cap of $38.61 billion, a price-to-earnings ratio of 24.09 and a beta of 1.01. Otis Worldwide has a fifty-two week low of $89.70 and a fifty-two week high of $106.83. The firm’s fifty day moving average is $98.06 and its 200 day moving average is $97.62.

Otis Worldwide (NYSE:OTIS) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.01. Otis Worldwide had a net margin of 11.53% and a negative return on equity of 31.76%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter last year, the company posted $0.88 EPS. The company’s revenue was down 2.5% compared to the same quarter last year.

Otis Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, May 16th. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.39. Otis Worldwide’s dividend payout ratio is currently 44.09%.

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

Insider Buying and Selling at Otis Worldwide

In other Otis Worldwide news, insider Montlivault Stephane De sold 6,660 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $105.30, for a total transaction of $701,298.00. Following the sale, the insider now directly owns 63,931 shares in the company, valued at $6,731,934.30. This represents a 9.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Otis Worldwide

A number of large investors have recently modified their holdings of OTIS. Resonant Capital Advisors LLC grew its position in shares of Otis Worldwide by 3.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,455 shares of the company’s stock worth $320,000 after acquiring an additional 105 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Otis Worldwide by 4.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,689 shares of the company’s stock worth $249,000 after acquiring an additional 109 shares during the last quarter. Montis Financial LLC grew its position in Otis Worldwide by 5.2% in the 4th quarter. Montis Financial LLC now owns 2,216 shares of the company’s stock valued at $205,000 after buying an additional 110 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Otis Worldwide by 15.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 828 shares of the company’s stock valued at $85,000 after buying an additional 110 shares in the last quarter. Finally, AlTi Global Inc. grew its position in Otis Worldwide by 4.9% in the 4th quarter. AlTi Global Inc. now owns 2,404 shares of the company’s stock valued at $223,000 after buying an additional 113 shares in the last quarter. 88.03% of the stock is owned by hedge funds and other institutional investors.

Otis Worldwide Company Profile

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.