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Otis Worldwide Corporation (OTIS) is a leading specialty industrial machinery business with stocks listed in the US. It opened the day at US$79.76 after a previous close of US$80.47. During the day the price has varied from a low of USD78.925 to a high of USD80.17. The latest price was USD79.5 (25 minute delay). Otis Worldwide Corporation is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in Otis Worldwide Corporation
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Otis Worldwide Corporation. Find the share by name or ticker symbol: OTIS. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Otis Worldwide Corporation reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$79.87, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Otis Worldwide Corporation, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Otis Worldwide Corporation. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Otis Worldwide Corporation key stats
- Compare share trading platforms
- Is Otis Worldwide Corporation stock a buy or sell?
- Otis Worldwide Corporation performance over time
- Can I short Otis Worldwide Corporation shares?
- Are Otis Worldwide Corporation shares over-valued?
- Otis Worldwide Corporation's financials
- Does Otis Worldwide Corporation pay a dividend?
- Other common questions
Otis Worldwide Corporation share priceUse our graph to track the performance of OTIS stocks over time.
Otis Worldwide Corporation shares at a glance
|52-week range||US$53.7733 - US$81.56|
|50-day moving average||US$78.7211|
|200-day moving average||US$69.5761|
|Dividend yield||US$0.96 (1.19%)|
|Earnings per share (TTM)||N/A|
Compare share trading platforms to buy stock
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Is it a good time to buy Otis Worldwide Corporation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Otis Worldwide Corporation price performance over time
|1 week (2021-06-11)||-1.29%|
|1 month (2021-05-21)||2.49%|
|3 months (2021-03-19)||18.91%|
|6 months (2020-12-18)||21.17%|
|1 year (2020-06-19)||39.47%|
Is Otis Worldwide Corporation under- or over-valued?
Valuing Otis Worldwide Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Otis Worldwide Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Otis Worldwide Corporation's PEG ratio
Otis Worldwide Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.355. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Otis Worldwide Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Otis Worldwide Corporation's EBITDA
Otis Worldwide Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$2.2 billion.
The EBITDA is a measure of a Otis Worldwide Corporation's overall financial performance and is widely used to measure a its profitability.
Otis Worldwide Corporation financials
|Revenue TTM||US$13.2 billion|
|Operating margin TTM||14.86%|
|Gross profit TTM||US$3.8 billion|
|Return on assets TTM||12.24%|
|Return on equity TTM||0%|
|Market capitalisation||US$34.5 billion|
TTM: trailing 12 months
Shorting Otis Worldwide Corporation shares
There are currently 5.0 million Otis Worldwide Corporation shares held short by investors – that's known as Otis Worldwide Corporation's "short interest". This figure is 13.5% down from 5.8 million last month.
There are a few different ways that this level of interest in shorting Otis Worldwide Corporation shares can be evaluated.
Otis Worldwide Corporation's "short interest ratio" (SIR)
Otis Worldwide Corporation's "short interest ratio" (SIR) is the quantity of Otis Worldwide Corporation shares currently shorted divided by the average quantity of Otis Worldwide Corporation shares traded daily (recently around 3.0 million). Otis Worldwide Corporation's SIR currently stands at 1.65. In other words for every 100,000 Otis Worldwide Corporation shares traded daily on the market, roughly 1650 shares are currently held short.
However Otis Worldwide Corporation's short interest can also be evaluated against the total number of Otis Worldwide Corporation shares, or, against the total number of tradable Otis Worldwide Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Otis Worldwide Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Otis Worldwide Corporation shares in existence, roughly 10 shares are currently held short) or 0.0116% of the tradable shares (for every 100,000 tradable Otis Worldwide Corporation shares, roughly 12 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Otis Worldwide Corporation.
Find out more about how you can short Otis Worldwide Corporation stock.
Otis Worldwide Corporation share dividends
Dividend payout ratio: 31.94% of net profits
Recently Otis Worldwide Corporation has paid out, on average, around 31.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.19% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Otis Worldwide Corporation shareholders could enjoy a 1.19% return on their shares, in the form of dividend payments. In Otis Worldwide Corporation's case, that would currently equate to about $0.96 per share.
While Otis Worldwide Corporation's payout ratio might seem fairly standard, it's worth remembering that Otis Worldwide Corporation may be investing much of the rest of its net profits in future growth.
Otis Worldwide Corporation's most recent dividend payout was on 9 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 19 May 2021 (the "ex-dividend date").
Otis Worldwide Corporation overview
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates through two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
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