Otis Worldwide Corp (NYSE: OTIS) is 14.59% higher on its value in year-to-date trading and has touched a low of $83.99 and a high of $106.33 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 $101.97 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $102.52, the stock is 2.11% and 0.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.54% at the moment leaves the stock 5.53% off its SMA200. OTIS registered 21.61% gain for a year compared to 6-month gain of 6.36%. The firm has a 50-day simple moving average (SMA 50) of $101.626 and a 200-day simple moving average (SMA200) of $97.14845.
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The stock witnessed a 1.13% loss in the last 1 month and extending the period to 3 months gives it a 9.26%, and is 2.84% 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 1.34% over the week and 1.81% over the month.
Otis Worldwide Corp (OTIS) has around 71000 employees, a market worth around $41.17B and $14.21B in sales. Current P/E ratio is 25.53 and Fwd P/E is 24.49. Profit margin for the company is 11.48%. Distance from 52-week low is 22.06% and -3.58% from its 52-week high. The company has generated returns on investments over the last 12 months (166.26%).
The EPS is expected to grow by 8.89% this year
1651.0 institutions hold shares in Otis Worldwide Corp (OTIS), with institutional investors hold 92.92% of the company’s shares. The shares outstanding are 406.60M, and float is at 399.01M with Short Float at 2.22%. Institutions hold 92.81% 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
The most recent transaction is an insider sale by Ryan Michael Patrick, the company’s SVP, CAO & Controller. SEC filings show that Ryan Michael Patrick sold 5,638 shares of the company’s common stock on Nov 08 ’24 at a price of $100.95 per share for a total of $0.57 million. Following the sale, the insider now owns 756.0 shares.
Otis Worldwide Corp disclosed in a document filed with the SEC on Nov 07 ’24 that Luersman Abbe (EVP & CPO) sold a total of 9,000 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $101.02 per share for $0.91 million. Following the transaction, the insider now directly holds 9992.0 shares of the OTIS stock.
Still, SEC filings show that on Nov 08 ’24, Michael Ryan (Officer) Proposed Sale 5,638 shares at an average price of $100.92 for $0.57 million. The insider now directly holds shares of Otis Worldwide Corp (OTIS).
