Otis Worldwide Corporation has declared a quarterly dividend of $0.39 per share, resulting in an annualized dividend of $1.56 and a dividend yield of 1.51%.
Royal Bank of Canada reaffirmed an "outperform" rating with a target price of $110.00.
UBS Group initiated coverage with a "neutral" rating and a price target of $113.00.
Morgan Stanley assigned an "equal weight" rating with a price objective of $97.00.
Wells Fargo & Company adjusted their target to $105.00.
Barclays lowered its price target to $94.00.
The consensus rating for Otis Worldwide is "Hold," with a consensus price target of $104.57.
Institutional investors, including Zurcher Kantonalbank Zurich Cantonalbank, Optas LLC, and Brighton Jones LLC, have shown continued interest in the company.
Insider transactions, such as the sale of shares by Executive Vice President Abbe Luersman, have raised questions about insider sentiment.
Otis Worldwide's recent earnings report showed a slight miss in earnings per share and revenue, but the company demonstrated resilience with a year-over-year increase in revenue.
The stock has experienced volatility, with a 52-week low of $83.99 and a high of $106.33.
The upcoming dividend payment and strategic decisions made by management and investors will be closely monitored to assess the company's long-term viability and growth potential.