Otis Worldwide CorporationNYSE: OTIS
Industrials · Industrial Machinery & Supplies & Components
$77.20
-0.87%
Vol: 1.6M
Research Digest
Friday, May 1, 2026
Otis Q1 beats revenue; service growth +11%, dividend raised 5%
Otis Worldwide reported Q1 sales of $3.57B, beating estimates, with net income up to $340M from $243M and diluted EPS of $0.89 (slight miss vs. $0.90). Service segment grew 11% organically driving results, though new equipment declined 1%. Board increased quarterly dividend by 5% to $0.44/share, payable June 12. RBC Capital lowered PT to $105 from $110. Three Buy, seven Hold, one Sell rating reflects mixed sentiment. Company trading at 20.54x P/E with 2.2% dividend yield and $30.1B market cap.
Previous Market Intelligence
13 daysApr 30Otis Q1 2026 revenue hits $3.6B with organic sales up 1%, but stock falls 2.87% on margin pressure (down 130 bps to 15.4%) and weak new equipment demand.Mixed▶
Otis Worldwide reported Q1 2026 revenue of $3.57B, beating estimates, but adjusted EPS of $0.89 missed forecast by $0.01. GAAP EPS surged 43% to $0.87. Organic sales grew only 1%, with repair service up 16% and modernization orders up 11%, but new equipment orders lagged at +1%. Adjusted operating margin declined 130 bps to 15.4%, weighing on stock sentiment. The company returned $400M via share repurchases and announced 5% dividend increase to $0.44 per share. Operating cash flow of $413M supports capital returns. RBC lowered price target to $105 from $110 on April 23. Consensus is Hold with mixed analyst sentiment.
Apr 29Otis Q1 revenue $3.57B beats but EPS $0.89 misses; 5% dividend hike; margin pressure headwindMixed▶
Otis Worldwide reported mixed Q1 results with revenue of $3.57B beating estimates but EPS of $0.89 missing expectations. Service segment grew 11% showing strength in modernization demand. New Equipment sales declined 1%. Company announced 5% quarterly dividend increase to $0.44/share payable June 12. Stock fell 2.87% to $78.01 in premarket trading due to margin pressure concerns. Adjusted operating profit margin declined 130 basis points to 15.4%. RBC Capital lowered PT to $105 from $110. Organic sales rose 1% in Q1, led by 5% service growth.
Apr 16Otis acquires majority stake in WeMaintain service tech firm; Evercore initiates coverage with Outperform rating; Wolfe Research downgrade to Peer Perform.Mixed▶
Otis Worldwide acquired a majority stake in WeMaintain, an elevator and escalator maintenance technology company with 350+ employees across Europe and Asia. The investment aims to expand service operations and digital tool adoption. On April 13, Evercore Inc. initiated coverage with an Outperform rating and $100 price target, while on April 8 Wolfe Research downgraded from Outperform to Peer Perform. Q4 2025 results missed: EPS $1.03 vs. $1.04 expected, revenue $3.8B vs. $3.89B expected. CEO Judy Marks projects mid to high single-digit EPS growth for 2026.
Apr 15Otis Worldwide acquires majority stake in WeMaintain, a technology-enabled elevator and escalator service company, on April 13.Positive▶
Otis Worldwide announced the closing of its acquisition of a majority stake in WeMaintain on April 13. WeMaintain will continue operating independently while backed by Otis for growth expansion. Evercore ISI initiated coverage with Outperform rating and $100 price target.
Apr 14Otis Worldwide acquires majority stake in WeMaintain; Evercore initiates Outperform rating ahead of April 22 earnings call.Positive▶
Otis Worldwide closed acquisition of majority stake in WeMaintain, a technology-enabled elevator and escalator service company, on April 13. Evercore ISI initiated coverage with Outperform rating. Q1 2026 earnings call scheduled for April 22.
Apr 13Otis Worldwide downgraded by Wolfe Research amid weakened H1 2026 outlook and China demand concerns.Negative▶
Wolfe Research downgraded Otis to Peer Perform on April 8 citing negative H1 2026 earnings guidance. Wells Fargo cut target to $80 from $92 and Barclays to $80 from $90. Management reduced first-half outlook by 7-8% due to cost inflation and operational challenges. China orders contracted for 11 consecutive quarters. Q1 2026 earnings April 22. Stock at $78.11.
Apr 10Otis Worldwide downgraded by Wolfe Research to Peer Perform amid earnings headwinds and China exposure concerns.Negative▶
On April 8, Wolfe Research downgraded Otis Worldwide from Outperform to Peer Perform, citing concerns about revenue growth in commercial real estate. The company faces a 52-week decline of 15.66%. Upcoming Q1 earnings (April 22) will focus on modernization growth and China exposure. Otis secured a Transport for London contract for 172 escalators.
Apr 9Otis Worldwide missed Q4 forecasts; Wolfe Research downgraded amid earnings concernsNegative▶
Otis Worldwide missed Q4 2025 forecasts with EPS of $1.03 versus $1.04 expected and revenue of $3.8 billion versus $3.89 billion expected. Wolfe Research downgraded OTIS from Outperform to Peer Perform on April 8, 2026. Price targets lowered to $80 at both Wells Fargo and Barclays from $92 and $90 respectively. Company reported 1% organic sales growth and 11% adjusted EPS growth driven by strong service and modernization segments. Returned $1.5 billion to shareholders through dividends and buybacks in 2025 with $1.6 billion in adjusted free cash flow. Consensus Hold with 12-month target of $100.07.
Apr 8Otis Worldwide reports cautious Q4 results; analyst downgrades cite organic growth concernsNeutral▶
Otis Worldwide (OTIS) reported Q4 2025 EPS of $1.03 (vs. $1.04 expected) and revenue of $3.8B (vs. $3.89B expected), missing forecasts. The company posted 1% organic sales growth and 11% adjusted EPS growth, with strong service and modernization segment performance. Wells Fargo and Barclays reiterated cautious ratings with price target cuts: Wells Fargo to $80 from $92, Barclays to $80 from $90. CEO Judith Marks sold 56,107 shares on Feb 5 at $90.89. Otis returned $1.5B to shareholders via dividends/buybacks in 2025; Board declared $0.42 quarterly dividend. Stock down 16.5% YoY; April 22 earnings call will outline 2026 outlook. Analysts see 30.2% upside potential despite cautious sentiment.
Apr 7Otis Q1 2026 earnings April 22; 2026 guide mid to high single-digit EPS growth.Neutral▶
Otis FY25 net sales $14.4B, flat organic, but adjusted EPS +6% to $4.05. Service +8% with +5% organic, modernization orders +43% Q4. 2026 guide $15.0-15.3B with mid-high single-digit EPS growth. Q1 results April 22. Wells Fargo and Barclays cautious. $0.42 dividend.
Apr 6Otis Worldwide Faces Analyst Target Cuts from Wells Fargo and BarclaysNegative▶
Otis Worldwide Corporation (OTIS), the world's largest vertical transportation systems manufacturer, faces near-term headwinds with analyst downgrades. Wells Fargo cut its price target to $80 from $92, while Barclays reduced its target to $80 from $90, both within the past 48 hours. The company manufactures elevators, escalators, and moving walkways serving global construction demand. Stock price increased $0.65 (0.84%) from recent lows. Analyst action suggests market concerns regarding near-term valuation and growth outlook despite company's market-leading position.
Apr 3Otis won a Transport for London escalator modernization contract; analyst price targets cut to $80 by Wells Fargo and Barclays.Mixed▶
Otis was selected by Transport for London to deliver service and modernization for 172 escalators across the London Underground, beginning April 2026. Wells Fargo lowered PT from $92 to $80 and Barclays cut from $90 to $80 on April 1. Q1 2026 earnings will be reported April 22 at 8:30 a.m. ET. Analysts expect Q1 diluted EPS of $0.95, up 3.3% YoY.
Apr 2Otis Worldwide misses Q4 earnings expectations and guides Q1 down 3-5% YoY; Wells Fargo and Barclays both cut price targets to $80.Negative▶
Otis Worldwide missed Q4 2025 earnings with EPS of $1.03 (vs $1.04 expected) and revenue of $3.8B (vs $3.89B expected). Company projects Q1 EPS down 3-5% YoY. Wells Fargo and Barclays both cut price targets to $80 (from $92 and $90 respectively), citing stagnant organic revenue growth. Ipswich Investment Management reduced its stake by 58.8% in Q4. Stock reached 52-week low at $78.02. Analyst consensus is Hold. Q1 earnings discussion April 22, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PHPARKER | $882.03 | -3.01% | -0.3% | 26.7x | 1.25 | $114.8B |
| ITWILLINOIS | $255.35 | -1.03% | -0.2% | 21.3x | 1.15 | $74.4B |
| GWWWW | $1,149.37 | -1.03% | +4.0% | 23.9x | 1.09 | $55.0B |
| IRINGERSOLL | $77.72 | -2.68% | +1.5% | 20.7x | 1.33 | $31.3B |
| DOVDOVER | $225.78 | -0.28% | +9.1% | 19.5x | 1.25 | $30.5B |
| OTISOTIS | $77.20 | -0.87% | -0.3% | 16.5x | 1.04 | $29.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.