Zacks Research Lowers Earnings Estimates for Otis Worldwide

Otis Worldwide Co. (NYSE:OTIS) – Equities researchers at Zacks Research decreased their Q1 2025 EPS estimates for shares of Otis Worldwide in a research report issued to clients and investors on Wednesday, February 19th. Zacks Research analyst S. Mukherjee now anticipates that the company will earn $0.90 per share for the quarter, down from their prior estimate of $1.00. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.03 per share. Zacks Research also issued estimates for Otis Worldwide’s Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $1.04 EPS, FY2025 earnings at $4.06 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.11 EPS, Q3 2026 earnings at $1.11 EPS, Q4 2026 earnings at $1.14 EPS, FY2026 earnings at $4.41 EPS and FY2027 earnings at $4.82 EPS.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). Otis Worldwide had a negative return on equity of 31.76% and a net margin of 11.53%.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Otis Worldwide from $108.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. UBS Group initiated coverage on shares of Otis Worldwide in a research note on Wednesday, November 13th. They set a “neutral” rating and a $113.00 price target on the stock. Barclays lowered their price target on shares of Otis Worldwide from $94.00 to $91.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Wolfe Research cut shares of Otis Worldwide from a “peer perform” rating to an “underperform” rating and set a $104.00 price target on the stock. in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price target on shares of Otis Worldwide from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Otis Worldwide has an average rating of “Hold” and a consensus price target of $102.88.

Otis Worldwide Stock Performance

Shares of Otis Worldwide stock opened at $99.02 on Friday. Otis Worldwide has a one year low of $90.12 and a one year high of $106.33. The company has a market cap of $39.26 billion, a P/E ratio of 24.39 and a beta of 1.06. The firm has a fifty day moving average of $94.64 and a two-hundred day moving average of $97.22.

Otis Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.58%. Otis Worldwide’s dividend payout ratio is currently 38.42%.

Otis Worldwide declared that its board has authorized a stock buyback plan on Thursday, January 16th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Otis Worldwide news, CEO Judith Fran Marks sold 38,012 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $94.41, for a total value of $3,588,712.92. Following the completion of the sale, the chief executive officer now owns 245,883 shares of the company’s stock, valued at $23,213,814.03. This trade represents a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peiming Zheng sold 32,694 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $95.43, for a total transaction of $3,119,988.42. Following the sale, the executive vice president now directly owns 169 shares of the company’s stock, valued at $16,127.67. The trade was a 99.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,621 shares of company stock valued at $10,046,255 in the last ninety days. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Otis Worldwide

Hedge funds have recently added to or reduced their stakes in the business. Resonant Capital Advisors LLC lifted its stake in Otis Worldwide by 3.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,455 shares of the company’s stock valued at $320,000 after buying an additional 105 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Otis Worldwide by 4.2% in 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 in the last quarter. Montis Financial LLC increased its stake in Otis Worldwide by 5.2% in the 4th quarter. Montis Financial LLC now owns 2,216 shares of the company’s stock worth $205,000 after purchasing an additional 110 shares in the last quarter. AlTi Global Inc. increased its stake in Otis Worldwide by 4.9% in the 4th quarter. AlTi Global Inc. now owns 2,404 shares of the company’s stock worth $223,000 after purchasing an additional 113 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in Otis Worldwide by 1.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,945 shares of the company’s stock worth $643,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.

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.