OTIS stock icon

Otis Worldwide

99.12 USD
-2.01
1.99%
At close Dec 5, 4:00 PM EST
After hours
99.12
+0.00
0.00%
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%
 

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

0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 8 analysts

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
13%
neutral
75%
negative
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

Financial journalist opinion

Based on 3 articles about OTIS published over the past 30 days

Positive
Zacks Investment Research
14 hours ago
OTIS to Install SkyRise Elevator System in Kuala Lumpur's Dawn KLCC
Otis Worldwide's advanced and revolutionary vertical transportation offerings are set to grace the 68-storeyed Dawn KLCC building.
OTIS to Install SkyRise Elevator System in Kuala Lumpur's Dawn KLCC
Positive
Zacks Investment Research
6 days ago
Why Is Otis Worldwide (OTIS) Up 4.4% Since Last Earnings Report?
Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?
Why Is Otis Worldwide (OTIS) Up 4.4% Since Last Earnings Report?
Neutral
Seeking Alpha
1 week ago
Otis Worldwide: Strong Business And Dividend Growth, But Weak Momentum
Otis Worldwide is a market leader with high-margin recurring revenue and a strong economic moat but faces headwinds in the Chinese market, while trading at a premium valuation. The company's rich history is overshadowed by its short time as a standalone entity, making it less visible to dividend focused retail investors who look at dividend raise streaks. Significant exposure to foreign markets in its high-margin service business pose currency risks and questions about long-term growth rates.
Otis Worldwide: Strong Business And Dividend Growth, But Weak Momentum
Neutral
PRNewsWire
1 month ago
Otis Declares Quarterly Dividend of $0.39 per Share
FARMINGTON, Conn. , Oct. 31, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock.
Otis Declares Quarterly Dividend of $0.39 per Share
Neutral
Seeking Alpha
1 month ago
Otis Worldwide Corporation (OTIS) Q3 2024 Earnings Call Transcript
Otis Worldwide Corporation (NYSE:OTIS ) Q3 2024 Earnings Call Transcript October 30, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Vice President of Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President & Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Jeffrey Sprague - Vertical Research Partners Julian Mitchell - Barclays Joe O'Dea - Wells Fargo Chris Snyder - Morgan Stanley Patrick Bowman - JP Morgan Chase Operator Good morning, and welcome to Otis' Third Quarter 2024 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay.
Otis Worldwide Corporation (OTIS) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
1 month ago
Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down
OTIS' third-quarter 2024 results reflect dismal demand trends in China and EMEA, partially offset by higher sales trends in the Americas and Asia Pacific.
Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, Otis Worldwide (OTIS) Q3 Earnings: A Look at Key Metrics
The headline numbers for Otis Worldwide (OTIS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Compared to Estimates, Otis Worldwide (OTIS) Q3 Earnings: A Look at Key Metrics
Negative
Zacks Investment Research
1 month ago
Otis Worldwide (OTIS) Misses Q3 Earnings and Revenue Estimates
Otis Worldwide (OTIS) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.95 per share a year ago.
Otis Worldwide (OTIS) Misses Q3 Earnings and Revenue Estimates
Neutral
PRNewsWire
1 month ago
OTIS REPORTS THIRD QUARTER 2024 RESULTS
Otis delivers continued strong Service performance with high single digit Service sales growth GAAP EPS up 47.3% and adjusted EPS up 1.1% Service net sales up 7.2% and Service organic sales up 7.7% Maintenance portfolio units increased 4.2% Mod orders up 3%, backlog up 14%, up 12% at constant currency GAAP cash flow from operations of $394 million; adjusted free cash flow of $381 million Share repurchases of $200 million YTD GAAP EPS up 24.2% and YTD adjusted EPS up 8.2%, share repurchases of $800 million Updated full-year outlook1: adjusted EPS of ~$3.85 with ~6.5% Service organic sales growth and ~75 basis points of Service margin expansion FARMINGTON, Conn. , Oct. 30, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2024 net sales of $3.5 billion with organic sales up 1.2%.
OTIS REPORTS THIRD QUARTER 2024 RESULTS
Positive
Zacks Investment Research
1 month ago
Unlocking Q3 Potential of Otis Worldwide (OTIS): Exploring Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Otis Worldwide (OTIS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Unlocking Q3 Potential of Otis Worldwide (OTIS): Exploring Wall Street Estimates for Key Metrics
Charts implemented using Lightweight Charts™