Otis Worldwide (OTIS)

• Market cap: $39.6B
• 1 day: -1.99%
• 5 days: -3.10%
• 1 month: -1.04%
• 3 months: 7.24%
• 6 months: -1.65%
• Year to date: 12.09%
• 1 year: 15.47%
• 5 years: 119.05%
• 10 years: 119.05%
• Sector: Industrials
• Industry: Electronic & Other Electrical Equipment, Except Computer Equipment

About: Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Employees: 71,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

72% more call options, than puts

Call options by funds: $167M | Put options by funds: $97.4M

33% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 8 (+2) [Q3]

4% more capital invested

Capital invested by funds: $35.5B [Q2] → $36.9B (+$1.36B) [Q3]

0% less funds holding

Funds holding: 1,167 [Q2] → 1,166 (-1) [Q3]

1% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 95

2.61% less ownership

Funds ownership: 90.54% [Q2] → 87.93% (-2.61%) [Q3]

27% less repeat investments, than reductions

Existing positions increased: 347 | Existing positions reduced: 478

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $94 5% downside
• Avg. target: $102 3% upside
• High target: $113 14% upside

8 analyst ratings

• positive: 1 13%
• neutral: 6 75%
• negative: 1 13%

Barclays Julian Mitchell 76% 1-year accuracy 62 / 82 met price target	5% downside $94	Underweight Downgraded	5 Dec 2024
UBS Chris Snyder 71% 1-year accuracy 10 / 14 met price target	14% upside $113	Neutral Assumed	13 Nov 2024
Wells Fargo Joseph O'Dea 76% 1-year accuracy 16 / 21 met price target	6% upside $105	Equal-Weight Maintained	31 Oct 2024
Barclays Julian Mitchell 76% 1-year accuracy 62 / 82 met price target	5% downside $94	Equal-Weight Maintained	31 Oct 2024
Wells Fargo Joseph O'Dea 76% 1-year accuracy 16 / 21 met price target	9% upside $108	Equal-Weight Maintained	7 Oct 2024