Wells Fargo & Company Cuts Otis Worldwide (NYSE:OTIS) Price Target to $80.00

04 Apr 2026, 04:06 by Scott Moore · The Cerbat Gem

Otis Worldwide (NYSE:OTIS – Free Report) had its target price reduced by Wells Fargo & Company from $92.00 to $80.00 in a report released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Otis Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. BNP Paribas Exane raised shares of Otis Worldwide from a “neutral” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Tuesday, December 9th. JPMorgan Chase & Co. downgraded shares of Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 price target for the company. in a report on Friday, January 30th. New Street Research set a $98.00 price target on shares of Otis Worldwide in a research report on Friday, January 30th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Otis Worldwide in a report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.78.

Get Our Latest Analysis on Otis Worldwide

Otis Worldwide Stock Up 0.2%

Shares of NYSE:OTIS opened at $78.00 on Wednesday. Otis Worldwide has a 52-week low of $75.27 and a 52-week high of $105.95. The stock has a market cap of $30.32 billion, a P/E ratio of 22.29, a PEG ratio of 2.34 and a beta of 1.05. The business has a fifty day moving average of $86.28 and a two-hundred day moving average of $88.37.

Otis Worldwide (NYSE:OTIS – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $1.03 EPS for the quarter, hitting the consensus estimate of $1.03. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.88 billion. Otis Worldwide had a negative return on equity of 30.42% and a net margin of 9.59%.The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, equities analysts anticipate that Otis Worldwide will post 4.04 earnings per share for the current year.

Otis Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 13th. Otis Worldwide’s dividend payout ratio (DPR) is 48.00%.

Insider Activity at Otis Worldwide

In other news, insider Montlivault Stephane De sold 47,944 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $92.25, for a total value of $4,422,834.00. Following the sale, the insider directly owned 29,176 shares of the company’s stock, valued at approximately $2,691,486. The trade was a 62.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Judith Fran Marks sold 56,107 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $90.89, for a total transaction of $5,099,565.23. Following the completion of the transaction, the chief executive officer owned 231,072 shares in the company, valued at approximately $21,002,134.08. This represents a 19.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,013 shares of company stock valued at $14,337,635 in the last ninety days. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OTIS. Alliancebernstein L.P. lifted its stake in Otis Worldwide by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 19,378,760 shares of the company’s stock worth $1,918,885,000 after acquiring an additional 603,860 shares in the last quarter. State Street Corp grew its position in Otis Worldwide by 0.8% in the 4th quarter. State Street Corp now owns 16,128,197 shares of the company’s stock valued at $1,408,798,000 after acquiring an additional 121,207 shares in the last quarter. Geode Capital Management LLC increased its stake in Otis Worldwide by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 10,788,225 shares of the company’s stock worth $945,020,000 after purchasing an additional 29,636 shares during the period. Norges Bank acquired a new stake in shares of Otis Worldwide during the fourth quarter worth about $770,125,000. Finally, Franklin Resources Inc. lifted its position in shares of Otis Worldwide by 5.7% during the fourth quarter. Franklin Resources Inc. now owns 7,842,153 shares of the company’s stock worth $685,012,000 after purchasing an additional 422,519 shares in the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

About Otis Worldwide

(Get Free Report)

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.