Otis Worldwide Corp (NYSE: OTIS) is 5.26% higher on its value in year-to-date trading and has touched a low of $73.32 and a high of $100.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OTIS stock was last observed hovering at around $92.72 in the last trading session, with the day’s gains setting it 1.46%.
Currently trading at $94.18, the stock is 1.08% and -0.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 1.57% at the moment leaves the stock 0.51% off its SMA200. OTIS registered 15.86% gain for a year compared to 6-month loss of -4.38%.
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The stock witnessed a 2.25% gain in the last 1 month and extending the period to 3 months gives it a -3.35%, and is 3.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 1.53% over the month.
Otis Worldwide Corp (OTIS) has around 71000 employees, a market worth around $37.72B and $14.18B in sales. Current P/E ratio is 26.28 and Fwd P/E is 22.18. Profit margin for the company is 10.34%. Distance from 52-week low is 28.45% and -6.60% from its 52-week high. The company has generated returns on investments over the last 12 months (193.03%).
with sales reaching $3.59B over the same period.The EPS is expected to grow by 9.27% this year, but quarterly earnings will post 1.10% year-over-year.
Otis Worldwide Corp (OTIS) Top Institutional Holders
1636.0 institutions hold shares in Otis Worldwide Corp (OTIS), with institutional investors hold 91.93% of the company’s shares. The shares outstanding are 406.60M, and float is at 400.11M with Short Float at 1.39%. Institutions hold 91.80% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 45.09 million shares valued at $4.34 billion. The investor’s holdings represent 11.127% of the OTIS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 34.51 million shares valued at $3.32 billion to account for 8.5173 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 21.93 million shares representing 5.4121% and valued at over $2.11 billion, while JPMORGAN CHASE & CO holds 4.9146 of the shares totaling 19.91 million with a market value of $1.92 billion.
Otis Worldwide Corp (OTIS) Insider Activity
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Otis Worldwide Corp disclosed in a document filed with the SEC on May 07 ’24 that Zheng Peiming (EVP, Chief Product, Delivery) sold a total of 30,364 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $93.69 per share for $2.84 million. Following the transaction, the insider now directly holds 15570.0 shares of the OTIS stock.
Still, SEC filings show that on Feb 21 ’24, de Montlivault Stephane (President, Otis Asia Pacific) disposed off 18,393 shares at an average price of $91.10 for $1.68 million. The insider now directly holds 67,274 shares of Otis Worldwide Corp (OTIS).
