Zheng Peiming, an insider at Otis Worldwide Corp (OTIS), purchased 16,903 shares of the company on December 2, 2025, at a price of $86.94 per share, amounting to a total transaction value of $1.47 million. Following this transaction, Peiming holds a total of 16,903 shares in Otis.
Otis Worldwide Corp, headquartered in Farmington, Connecticut, specializes in the manufacture, installation, and maintenance of escalators and elevators. The company operates in the machinery industry and employs 72,000 full-time workers. Otis went public on March 18, 2020, and has a market capitalization of $33.9 billion. The current P/E ratio stands at 25.14, with an EPS of 3.39 and a dividend yield of 193.2%.
Insider transactions provide insight into how executives view their company's stock. While Peiming's purchase may suggest confidence in Otis's future, it is important to consider that such transactions can be influenced by various personal or regulatory factors. Investors are advised to analyze insider activity over time and across multiple executives rather than relying on isolated transactions.
Looking ahead, Otis Worldwide Corp is set to report earnings on April 21, 2026, with an estimated EPS of $1.02 and revenue of $3.7 billion, followed by another earnings report on July 21, 2026, with an estimated EPS of $1.13 and revenue of $3.9 billion.