Now trading at a price of $84.44, Otis Worldwide has moved 0.2% so far today.
Otis Worldwide returned gains of 9.0% last year, with its stock price reaching a high of $91.33 and a low of $73.32. Over the same period, the stock underperformed the S&P 500 index by -3.0%. As of April 2023, the company's 50-day average price was $80.45. Otis Worldwide Corporation engages in the manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. Based in Farmington, CT, the large-cap Technology company has 69,000 full time employees. Otis Worldwide has offered a 1.5% dividend yield over the last 12 months.
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Year 2018 2019 2020 \
Revenue (MM) $12,915 $13,118 $12,756
Gross Margins 14% 14% 13%
Operating Margins 15% 14% 13%
Net Margins 9% 10% 8%
Net Income (MM) $1,210 $1,267 $1,056
Net Interest Expense (MM) $20 $18 $-122
Depreciation & Amort. (MM) $190 $180 $191
Earnings Per Share $2.42 $2.55 $2.08
Year 2021 2022 2023
Revenue (MM) $14,298 $13,685 $14,028
Gross Margins 15% 15% 15%
Operating Margins 15% 15% 15%
Net Margins 10% 10% 10%
Net Income (MM) $1,420 $1,369 $1,472
Net Interest Expense (MM) $-136 $-143 $-145
Depreciation & Amort. (MM) $203 $191 $191
Earnings Per Share $2.89 $2.96 $3.3000000000000003
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Otis Worldwide has a trailing twelve month P/E ratio of 24.3, compared to an average of 27.16 for the Technology sector. Based on its EPS guidance of $3.83, the company has a forward P/E ratio of 21.0. The company doesn't issue forward earnings guidance, and the compound average growth rate of its last 6 years of reported EPS is 5.3%. On this basis, the company's PEG ratio is 4.58, which suggests that it is overpriced.
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The 11 analysts following Otis Worldwide have set target prices ranging from $77.0 to $100.0 per share, for an average of $89.09 with a buy rating. As of April 2023, the company is trading -9.7% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Otis Worldwide has a very low short interest because 1.1% of the company's shares are sold short. Institutions own 88.7% of the company's shares, and the insider ownership rate stands at 0.08%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 10% stake in the company is worth $3,365,729,944.
