Balance Sheet Insights: Otis Worldwide Corp (OTIS)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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In the latest session, Otis Worldwide Corp (NYSE: OTIS) closed at $96.60 up 0.10% from its previous closing price of $96.50. In other words, the price has increased by $0.10 from its previous closing price. On the day, 1.56 million shares were traded. OTIS stock price reached its highest trading level at $97.17 during the session, while it also had its lowest trading level at $95.81.

Ratios:

For a deeper understanding of Otis Worldwide Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.38. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.97.

On February 22, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $102.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 07 ’24 when Zheng Peiming sold 30,364 shares for $93.69 per share. The transaction valued at 2,844,682 led to the insider holds 15,570 shares of the business.

de Montlivault Stephane sold 18,393 shares of OTIS for $1,675,626 on Feb 21 ’24. The President, Otis Asia Pacific now owns 67,274 shares after completing the transaction at $91.10 per share. On Feb 20 ’24, another insider, LaFreniere Nora E., who serves as the EVP, General Counsel of the company, sold 22,106 shares for $90.87 each. As a result, the insider received 2,008,832 and left with 24,927 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OTIS now has a Market Capitalization of 39057600512 and an Enterprise Value of 45546582016. As of this moment, Otis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.89, and their Forward P/E ratio for the next fiscal year is 22.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.73. Its current Enterprise Value per Revenue stands at 3.185 whereas that against EBITDA is 18.241.

Stock Price History:

The Beta on a monthly basis for OTIS is 0.93, which has changed by 0.11844385 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, OTIS has reached a high of $100.84, while it has fallen to a 52-week low of $73.32. The 50-Day Moving Average of the stock is 0.40%, while the 200-Day Moving Average is calculated to be 7.86%.

Shares Statistics:

For the past three months, OTIS has traded an average of 1.94M shares per day and 1830010 over the past ten days. A total of 406.60M shares are outstanding, with a floating share count of 403.89M. Insiders hold about 0.11% of the company’s shares, while institutions hold 88.90% stake in the company. Shares short for OTIS as of 1715731200 were 4435497 with a Short Ratio of 3.73, compared to 1713139200 on 5366796. Therefore, it implies a Short% of Shares Outstanding of 4435497 and a Short% of Float of 1.24.

Dividends & Splits

According to the company, the forward annual dividend rate for OTIS is 1.41, from 1.36 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014093264

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