Zacks Research Lifts Earnings Estimates for Otis Worldwide

Otis Worldwide Corporation (NYSE:OTIS) – Zacks Research lifted their Q3 2026 earnings estimates for Otis Worldwide in a research note issued on Wednesday, February 18th. Zacks Research analyst Team now expects that the company will earn $1.13 per share for the quarter, up from their previous forecast of $1.11. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share. Zacks Research also issued estimates for Otis Worldwide’s Q2 2027 earnings at $1.22 EPS, Q3 2027 earnings at $1.25 EPS, Q4 2027 earnings at $1.27 EPS, FY2027 earnings at $4.81 EPS and FY2028 earnings at $5.39 EPS.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Otis Worldwide in a report on Monday, December 29th. JPMorgan Chase & Co. cut Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 target price for the company. in a report on Friday, January 30th. Wells Fargo & Company lowered their price objective on Otis Worldwide from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Monday, December 15th. Barclays upped their price target on shares of Otis Worldwide from $90.00 to $92.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Finally, BNP Paribas Exane upgraded shares of Otis Worldwide from a “neutral” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Otis Worldwide currently has an average rating of “Hold” and an average target price of $101.44.

Otis Worldwide Stock Down 0.4%

Shares of OTIS stock opened at $92.66 on Friday. The company has a market cap of $36.02 billion, a P/E ratio of 26.47, a P/E/G ratio of 2.79 and a beta of 1.01. Otis Worldwide has a twelve month low of $84.00 and a twelve month high of $106.83. The business has a fifty day simple moving average of $89.22 and a 200 day simple moving average of $89.14.

Otis Worldwide (NYSE:OTIS) last issued its earnings results on Wednesday, January 28th. The company reported $1.03 EPS for the quarter, meeting the consensus estimate of $1.03. Otis Worldwide had a net margin of 9.59% and a negative return on equity of 30.42%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the previous year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OTIS. Cambient Family Office LLC bought a new position in Otis Worldwide in the 4th quarter valued at about $2,721,000. Wick Capital Partners LLC bought a new position in shares of Otis Worldwide in the fourth quarter valued at approximately $161,000. Vancity Investment Management Ltd boosted its position in shares of Otis Worldwide by 24.4% during the fourth quarter. Vancity Investment Management Ltd now owns 5,044 shares of the company’s stock valued at $441,000 after buying an additional 990 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Otis Worldwide by 15.5% during the fourth quarter. Corient Private Wealth LLC now owns 151,180 shares of the company’s stock worth $13,053,000 after buying an additional 20,289 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its stake in Otis Worldwide by 44.1% during the 4th quarter. Alberta Investment Management Corp now owns 170,600 shares of the company’s stock valued at $14,902,000 after acquiring an additional 52,200 shares in the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Neil Green sold 6,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $86.45, for a total transaction of $518,700.00. Following the transaction, the executive vice president owned 3,773 shares in the company, valued at $326,175.85. The trade was a 61.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Judith Fran Marks sold 56,107 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 231,072 shares of the company’s stock, valued at $21,002,134.08. The trade was a 19.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 158,013 shares of company stock valued at $14,337,635 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Otis Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, February 13th. Otis Worldwide’s payout ratio is presently 48.00%.

Trending Headlines about Otis Worldwide

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

• Positive Sentiment: Zacks raised its FY2027 view and several 2027 quarterly estimates (FY2027 to $4.81 from $4.69; Q2/Q3/Q4 2027 raised to $1.22 / $1.25 / $1.27) and also nudged some 2026–2027 quarter estimates higher — this signals an improved medium‑term earnings trajectory. Zacks raises FY2027, 2027 quarters
• Positive Sentiment: Zacks increased a few 2026/2027 quarter estimates (for example, Q3 2026 to $1.13 from $1.11 and Q2 2027 to $1.22 from $1.18), suggesting modest upside to near‑term operating momentum in some periods. Quarterly estimate increases
• Neutral Sentiment: Zacks published a FY2028 EPS forecast of $5.39 (no prior comparable figure listed in the note), which outlines a longer‑term growth path but is informational until tracked against future revisions. FY2028 estimate published
• Negative Sentiment: Zacks trimmed near‑term 2026 estimates: Q1 2026 cut to $0.93 from $0.98, Q2 2026 to $1.06 from $1.07, and FY2026 reduced to $4.29 from $4.33 — these downgrades are the most direct downward pressure on the stock today. Near-term cuts by Zacks

About Otis Worldwide

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.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.