- Otis Worldwide (OTIS, Financial) has increased its quarterly dividend by 7.7%, reflecting a strategic move to enhance shareholder returns.
- Analysts provide a mixed outlook with a slight potential upside in stock price.
- Current evaluations suggest a "Hold" status, and GF Value indicates a potential overvaluation.
Otis Worldwide Corporation (NYSE: OTIS) has announced a 7.7% rise in its quarterly dividend, bringing it to $0.42 per share, up from $0.39. This increase provides investors with a forward yield of 1.7%. Shareholders noted in the books by May 16 will receive the dividend payment on June 6.
Wall Street Analysts' Predictions
In an analysis of Otis Worldwide Corp's (OTIS, Financial) future, 11 analysts have set a one-year price target averaging $98.96. The projections range from a high of $109.00 to a low of $90.00, suggesting a minimal upside potential of 0.01% from the current trading price of $98.95. For more comprehensive insights, visit our Otis Worldwide Corp (OTIS) Forecast page.
The consensus from 15 brokerage firms classifies Otis Worldwide Corp (OTIS, Financial) with an average recommendation of 2.9, translating to a "Hold" rating. On the rating scale, 1 represents a Strong Buy and 5 indicates a Sell.
Evaluating Otis's Market Position
According to GuruFocus estimates, the projected GF Value for Otis Worldwide Corp (OTIS, Financial) over the next year is positioned at $95.47. This estimate indicates a potential downside of 3.52% from the stock's current price of $98.95. The GF Value, an insightful metric from GuruFocus, evaluates what the stock's fair trading value should be, considering historical trading multiples, past business growth, and future performance expectations. For a deeper dive into Otis's summary and valuation metrics, visit the Otis Worldwide Corp (OTIS) Summary page.
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