Shares of Technology sector company Otis Worldwide moved 0.8% today, and are now trading at a price of $86.69. The Large-Cap stock's daily volume was 304,226 compared to its average volume of 2,924,350. The S&P 500 index returned a 0.0% performance.
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company is based in Farmington and has 72,000 full time employees. Its market capitalization is $34,025,621,504. Otis Worldwide currently offers its equity investors a dividend that yields 1.8% per year.
13 analysts are following Otis Worldwide and have set target prices ranging from $90.0 to $134.0 per share. On average, they have given the company a rating of hold. At today's prices, OTIS is trading -14.42% away from its average analyst target price of $101.31 per share.
Over the last year, OTIS shares have gone down by -6.9%, which represents a difference of -24.2% when compared to the S&P 500. The stock's 52 week high is $106.83 per share and its 52 week low is $84.25. With average free cash flows of $1.43 Billion that have been growing at an average rate of 1.9% over the last 5 years, Otis Worldwide declining stock performance may not be reflective of the quality of its underlying business.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 1,563,000 | 126,000 | 1,437,000 | -3.49 |
| 2023 | 1,627,000 | 138,000 | 1,489,000 | 3.04 |
| 2022 | 1,560,000 | 115,000 | 1,445,000 | -9.35 |
| 2021 | 1,750,000 | 156,000 | 1,594,000 | 22.9 |
| 2020 | 1,480,000 | 183,000 | 1,297,000 | -2.04 |
| 2019 | 1,469,000 | 145,000 | 1,324,000 |
