Is Otis Worldwide Corp (NYSE: OTIS) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. The current market capitalization of Otis Worldwide Corp is $40.19B. A total of 1.51 million shares were traded on the day, compared to an average of 1.99M 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.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Otis Worldwide Corp pays an annual dividend of $1.41, resulting in a dividend yield of 1.42%, and it has a price to earnings (P/E) ratio of 28.70. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, OTIS has a high of $100.79 and a low of $73.32.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. OTIS’s latest balance sheet shows that the firm has $1.56B in Cash & Short Term Investments as of fiscal 2021. There were $7.79B 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

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 3.78.

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