An Insider Sold 1,597 Shares Of Otis Worldwide Corporation (OTIS)

At the last check on Friday, Otis Worldwide Corporation’s (NYSE:OTIS) stock was up $2.18, moving up 2.99 percent to $75.18. The average number of shares traded per day over the past five days has been 2,333,865 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.01 fall in that time frame. In the last twenty days, the average volume was 2,396,731, while in the previous 50 days, it was 2,463,574.

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Since last month, OTIS stock retreated -3.81%. Shares of the company fell to $71.26 on 05/12/22, the lowest level in the past month. A 52-week high of $92.84 was reached on 01/03/22 after having rallying from a 52-week low of $71.07. Since the beginning of this year, OTIS’s stock price has dropped by -16.16% or -$12.50, and marked a new high 1 time. However, the stock has declined by -19.02% since its 52-week high.

Otis Worldwide Corporation (OTIS) last reported insider trading activity 289 days ago on Jul 28. Calleja Fernandez Bernardo, the President, Otis EMEA of the company, disposed of 1,597 shares for $87.80 on Jul 28. It resulted in a $140,224 divestment by the insider. Ryan Michael Patrick sold 2,220 shares at an average price of $87.44 on Jul 28. The insider now owns 0 shares following the transaction.

Valuation Metrics

The latest dividend of $0.29 per share was paid out, which is 20.83% more than last year’s $0.24. On Friday April 22 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended March 30, Otis Worldwide Corporation’s quick ratio stood at 1.20, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 29.20% percent. In the year ended March 30, operating margins totaled 14.90%. Based on annual data, OTIS earned $4.19 billion in gross profit and brought in $14.3 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 43.00%. Return on equity (ROE) for the past 12 months was -30.50%.

In Otis Worldwide Corporation’s quarter-end financial report for March 30, it reported total debt of $6.69 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. OTIS’s revenue rose 0.18% to $3.57 billion during the quarter, while net income inched up to $3.41 billion. While analysts expected Otis Worldwide Corporation to report $0.74 quarterly earnings, the actual figure was $0.77 per share, beating the consensus estimate by 4.10%. During the quarter, the company generated $574.0 million in EBITDA. The liabilities of Otis Worldwide Corporation were 16.72 billion at the end of its most recent quarter ended March 30, and its total debt was $7.13 billion. The value of shareholders’ equity is $422.79 million.

Technical Picture

This quick technical analysis looks at Otis Worldwide Corporation’s (OTIS) price momentum. With a historical volatility rate of 30.53%, the RSI 9-day stood at 52.72% on 12 May.

With respect to its five-day moving average, the current Otis Worldwide Corporation price is down by -0.01% percent or -$0.01. At present, OTIS shares trade -0.23% below its 20-day simple moving average and -9.42% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.82% below its SMA50 and -16.09% below its SMA200.

Stochastic coefficient K was 39.77% and Stochastic coefficient D was 32.89%, while ATR was 2.29. Given the Stochastic reading of 59.52% for the 14-day period, the RSI (14) reading has been calculated as 50.05%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.33.

Analyst Ratings

Wells Fargo launched its rating on Otis Worldwide Corporation (NYSE: OTIS) to an Underweight in a note to investors on October 08, 2021. Otis Worldwide Corporation (OTIS) has been rated Overweight by analysts. According to 1 brokerage firm, OTIS is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Otis Worldwide Corporation stock as buy, with 8 recommending it as overweight.


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