Otis Worldwide Corp (NYSE: OTIS) May Be Attracting Institutional Investments

After Hours

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Stocks Info

Otis Worldwide Corp is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. The current market capitalization of Otis Worldwide Corp is $38.22B. A total of 1.61 million shares were traded on the day, compared to an average of 1.88M shares.

In the most recent transaction, Zheng Peiming sold 30,364 shares of OTIS for 93.69 per share on May 07 ’24. After the transaction, the EVP, Chief Product, Delivery now owns 15,570 company shares. In a previous transaction on Feb 21 ’24, de Montlivault Stephane sold 18,393 shares at 91.10 per share. OTIS shares that President, Otis Asia Pacific owns now total 67,274.

Among the insiders who sold shares, LaFreniere Nora E. disposed of 22,106 shares on Feb 20 ’24 at a per-share price of $90.87. This resulted in the EVP, General Counsel holding 24,927 shares of OTIS after the transaction. In another insider transaction, Ryan Michael Patrick sold 3,522 shares at $90.77 per share on Feb 20 ’24. Company shares held by the SVP, CAO & Controller now total 756.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Otis Worldwide Corp pays an annual dividend of $1.36, resulting in a dividend yield of 1.44%, and it has a price to earnings (P/E) ratio of 27.29. OTIS’s most recent ex-dividend date was 5/16/2024 when it declared a $0.39 quarterly dividend that was paid in cash on 6/7/2024. Previously, the company paid the dividend on 3/8/2024 with an ex-dividend date of 2/15/2024. The OTIS stock dividend was $0.34 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, OTIS has a high of $100.35 and a low of $73.32.

As of this writing, OTIS has an earnings estimate of $1.02 per share for the current quarter. EPS was calculated based on a consensus of 6.0 estimates, with a high estimate of $1.04 per share and a lower estimate of $0.98. The company reported an EPS of $0.92 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. OTIS’s latest balance sheet shows that the firm has $1.56B in Cash & Short Term Investments as of fiscal 2021. There were $7.79B in debt and $6.25B in liabilities at the time. Its Book Value Per Share was -$12.43, while its Total Shareholder’s Equity was -$2.98B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.78.

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