Otis Worldwide Corporation (NYSE: OTIS) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Otis Worldwide Corporation (OTIS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$3.02, or -4.51%, to $64.01. Volume reached 38,789 shares, with price reaching a high of $65.45 and a low of $65.45. Recently, Yahoo Finance discussed the stock, revealing that Students Tackle Climate Change Using STEM Skills.


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Stocks Info

The company is listed on the NYSE and operates within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $65.45 and fluctuated between $67.11 as its day high and $65.36 as its day low. The current market capitalization of Otis Worldwide Corporation is $27.96B. A total of 1.97 million shares were traded on the day, compared to an average of 2.13M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, OTIS has seen 2 BUY and 11 SELL insider trades, representing the acquisition of 6,544 and the disposition of 46,871 shares. Over the last 12 months, there were 14 BUYs and 25 SELLs from insiders. Insiders purchased 57,163 shares during that period but sold 75,187.

In the most recent transaction, GHAI RAHUL sold 5,000 shares of OTIS for 77.87 per share on Aug 02. After the transaction, the EVP, CFO now owns 2,063 company shares. In a previous transaction on Aug 01, GHAI RAHUL sold 2,618 shares at 78.55 per share. OTIS shares that EVP, CFO owns now total 7,063.

Among the insiders who sold shares, LaFreniere Nora E. disposed of 13,576 shares on Jul 29 at a per-share price of $76.54. This resulted in the EVP, General Counsel holding 12,376 shares of OTIS after the transaction. In another insider transaction, Zheng Peiming sold 3,333 shares at $75.92 per share on May 27. Company shares held by the President, Otis China now total 11,502.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Otis Worldwide Corporation pays an annual dividend of $1.16, resulting in a dividend yield of 1.77%, and it has a price to earnings (P/E) ratio of 22.51. OTIS’s most recent ex-dividend date was 08/18/2022 when it declared a $0.29 quarterly dividend that was paid in cash on 09/10/2022. Previously, the company paid the dividend on 06/10/2022 with an ex-dividend date of 05/19/2022. The dividend was $0.29 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for OTIS in the last 3 months, the mean price target is $80.00 with high estimates of $90.00 and low estimates of $65.00. In terms of 52-week highs and lows, OTIS has a high of $88.22 and a low of $66.89.

As of this writing, OTIS has an earnings estimate of $0.78 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.78 per share and a lower estimate of $0.78. The company reported an EPS of $0.86 in the last quarter, which was 10.26% higher than expectations of $0.78.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OTIS is Underweight with a score of 3.57. A total of 6 analysts rated the stock as Buy while 2 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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