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Saturday, June 3, 2023

This Is Too Hot For Otis Worldwide Corporation (NYSE: OTIS), Let’s Take A Closer Look

After Hours

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. After-hours trades for Otis Worldwide Corporation (OTIS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.42, or -0.49%, to $85.34. The Otis Worldwide Corporation has recorded 207,136 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Otis Is Again a DiversityInc Noteworthy Company.

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Stocks Info

As a NYSE listed company, OTIS falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $85.76 and fluctuated between $86.34 as its day high and $85.44 as its day low. The current market capitalization of Otis Worldwide Corporation is $35.17B. A total of 1.55 million shares were traded on the day, compared to an average of 1.76M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OTIS has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 19,225 and the disposition of 14,636 shares. Over the last 12 months, there were 44 BUYs and 68 SELLs from insiders. Insiders purchased 185,328 shares during that period but sold 195,634.

In the most recent transaction, Calleja Fernandez Bernardo sold 703 shares of OTIS for 86.85 per share on Mar 06. After the transaction, the President, Otis EMEA now owns 22,215 company shares. In a previous transaction on Feb 14, Calleja Fernandez Bernardo sold 837 shares at 84.67 per share. OTIS shares that President, Otis EMEA owns now total 19,998.

Among the insiders who sold shares, Ryan Michael Patrick disposed of 3,018 shares on Feb 06 at a per-share price of $84.46. This resulted in the VP, CAO & Controller holding 0 shares of OTIS after the transaction. In another insider transaction, Cramer James F. sold 700 shares at $83.97 per share on Feb 06. Company shares held by the President, Otis Americas now total 5,037.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Otis Worldwide Corporation pays an annual dividend of $1.36, resulting in a dividend yield of 1.59%, and it has a price to earnings (P/E) ratio of 28.33. OTIS’s most recent ex-dividend date was 5/18/2023 when it declared a $0.34 quarterly dividend that was paid in cash on 6/9/2023. Previously, the company paid the dividend on 3/10/2023 with an ex-dividend date of 2/16/2023. The OTIS stock dividend was $0.29 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OTIS in the last 3 months, the mean price target is $87.66 with high estimates of $96.00 and low estimates of $78.00. In terms of 52-week highs and lows, OTIS has a high of $87.33 and a low of $62.49.

As of this writing, OTIS has an earnings estimate of $0.86 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.84. The company reported an EPS of $0.75 in the last quarter, which was 1.40% higher than expectations of $0.74.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OTIS’s latest balance sheet shows that the firm has $1.56B in Cash & Short Term Investments as of fiscal 2021. There were $7.61B in debt and $6.25B in liabilities at the time. Its Book Value Per Share was -$11.72, while its Total Shareholder’s Equity was -$2.98B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.50.

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