Otis Worldwide (NYSE:OTIS) Stock Gets Price Target Reduction from Wells Fargo & Company

Otis Worldwide (NYSE:OTIS) had its target price decreased by Wells Fargo & Company from $77.00 to $75.00 in a research note published on Thursday morning, Marketbeat.com reports. Wells Fargo & Company currently has an underweight rating on the stock.

A number of other brokerages have also weighed in on OTIS. Evercore restated an “outperform” rating and issued a $95.00 target price on shares of Otis Worldwide in a research report on Thursday, July 23rd. Sanford C. Bernstein upped their price target on shares of Otis Worldwide from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a report on Monday, August 10th. Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a research note on Tuesday, July 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $91.20.

Otis Worldwide Price Performance

OTIS stock opened at $75.93 on Thursday. Otis Worldwide has a fifty-two week low of $63.58 and a fifty-two week high of $94.57. The stock has a market capitalization of $28.90 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.66 and a beta of 0.87. The business’s fifty day moving average price is $69.68 and its two-hundred day moving average price is $76.43.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. Otis Worldwide had a net margin of 10.28% and a negative return on equity of 28.45%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. Research analysts expect that Otis Worldwide will post 4.03 EPS for the current year.

Otis Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be given a $0.44 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.3%. Otis Worldwide’s dividend payout ratio (DPR) is presently 43.78%.

Institutional Investors Weigh In On Otis Worldwide

A number of institutional investors have recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in Otis Worldwide in the 2nd quarter valued at about $27,000. MidFirst Bank acquired a new position in Otis Worldwide during the 2nd quarter valued at about $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Otis Worldwide in the 2nd quarter worth approximately $28,000. Elevation Wealth Partners LLC boosted its holdings in shares of Otis Worldwide by 1,910.0% in the second quarter. Elevation Wealth Partners LLC now owns 402 shares of the company’s stock valued at $29,000 after acquiring an additional 382 shares in the last quarter. Finally, Addison Advisors LLC bought a new position in shares of Otis Worldwide in the second quarter valued at approximately $29,000. 88.03% of the stock is currently owned by institutional investors.

Key Headlines Impacting Otis Worldwide

Here are the key news stories impacting Otis Worldwide this week:

• Positive Sentiment: Otis declared a quarterly dividend of $0.44 per share, payable December 11 to shareholders of record November 13. The annualized payout is $1.76 per share, representing an approximately 2.3% yield and reinforcing the company’s shareholder-return appeal. Otis Declares Quarterly Dividend of $0.44 per Share
• Positive Sentiment: BNP Paribas raised its price target to $90 from $86, indicating improved expectations for the stock despite differing views among analysts. BNP Paribas Adjusts Price Target on Otis Worldwide
• Neutral Sentiment: Otis issued fiscal 2026 EPS guidance of $4.01-$4.05, broadly in line with the $4.04 consensus estimate. Revenue guidance of $15.1-$15.3 billion is slightly below the $15.3 billion consensus at the midpoint, suggesting limited upside expectations.
• Neutral Sentiment: Analyst commentary continues to highlight strong recurring service growth, while comparisons with Albany International focus on valuation, operating performance and business quality rather than a new company-specific catalyst. Otis: Service Growth Is Strong, But Profitability Lags Head-To-Head Contrast: Otis Worldwide and Albany International
• Negative Sentiment: Profitability remains a concern: analysis describes a margin squeeze beneath Otis’s growth, which could limit earnings expansion even if service revenue remains resilient. Otis Q3 Earnings Spotlight: A Margin Squeeze Beneath Growth
• Negative Sentiment: Wells Fargo lowered its price target to $75 from $77 and maintained an “underweight” rating. Evercore ISI also reduced its target to $95 from $100, signaling more limited near-term upside. Wells Fargo Lowers Otis Price Target Evercore ISI Adjusts Price Target

Otis Worldwide Company Profile

Otis Worldwide Corporation (NYSE: OTIS) is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.

Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.

The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.