Otis Worldwide: A Boring Dividend Growth Stock I Just Bought (Rating Upgrade)
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Otis Worldwide Corporation is showing resilience with projected net sales and EPS growth, driven by strong financials and buybacks. Despite challenges in China, it maintains a solid balance sheet and a strong dividend growth track record. Lower interest rates and frequent buybacks provide tailwinds, with a 2026 price target of $115 per share.
January 28, 2025 | 6:15 pm
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Otis Worldwide Corporation is projected to grow its net sales and EPS by 1.2% and 9% respectively, supported by strong financials and buybacks. Despite challenges in China, the company maintains a solid balance sheet and a strong dividend growth track record. Lower interest rates and frequent buybacks are expected to provide tailwinds, with a 2026 price target of $115 per share.
The article highlights Otis Worldwide's resilience and growth prospects despite international challenges, particularly in China. The company's strong financials, minimal CAPEX, and dividend growth track record are positive indicators. Lower interest rates and frequent buybacks are expected to provide additional support, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100