OTIS icon

Otis Worldwide

99.06 USD
+2.01
2.07%
Updated Apr 22, 12:08 PM EDT
1 day
2.07%
5 days
0.19%
1 month
-2.29%
3 months
3.85%
6 months
-3.79%
Year to date
7.39%
1 year
2.88%
5 years
110.54%
10 years
118.92%
 

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: 72,000

0
Funds holding %
of 7,419 funds
0
Analysts bullish %
of 3 analysts

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

243% more call options, than puts

Call options by funds: $186M | Put options by funds: $54.1M

37% more first-time investments, than exits

New positions opened: 147 | Existing positions closed: 107

2.77% more ownership

Funds ownership: 87.87% [Q3] → 90.64% (+2.77%) [Q4]

2% more funds holding

Funds holding: 1,179 [Q3] → 1,201 (+22) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 377 | Existing positions reduced: 412

8% less capital invested

Capital invested by funds: $36.6B [Q3] → $33.5B (-$3.04B) [Q4]

38% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 5 (-3) [Q4]

Research analyst outlook

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

Low target
$88
11%
downside
Avg. target
$92
7%
downside
High target
$95
4%
downside

3 analyst ratings

positive
0%
neutral
67%
negative
33%
JP Morgan
Stephen Tusa
42% 1-year accuracy
15 / 36 met price target
11%downside
$88
Neutral
Maintained
8 Apr 2025
Barclays
Julian Mitchell
30% 1-year accuracy
37 / 124 met price target
7%downside
$92
Underweight
Maintained
26 Mar 2025
Wells Fargo
Joseph O'Dea
40% 1-year accuracy
14 / 35 met price target
4%downside
$95
Equal-Weight
Maintained
30 Jan 2025

Financial journalist opinion

Based on 5 articles about OTIS published over the past 30 days

Positive
Zacks Investment Research
1 day ago
Exploring Analyst Estimates for Otis Worldwide (OTIS) Q1 Earnings, Beyond Revenue and EPS
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 March 2025.
Exploring Analyst Estimates for Otis Worldwide (OTIS) Q1 Earnings, Beyond Revenue and EPS
Neutral
PRNewsWire
1 week ago
Otis First Quarter 2025 Earnings Advisory
FARMINGTON, Conn. , April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m.
Otis First Quarter 2025 Earnings Advisory
Positive
Seeking Alpha
2 weeks ago
Otis Worldwide: Cautiously Optimistic Approaching Earnings (Rating Upgrade)
Upgrading Otis Worldwide to a Buy rating due to its defensive qualities and recent outperformance amid market volatility, reflecting investor confidence. Otis's service business, accounting for 85% of operating profit, offers stable, high-margin, recession-resistant cash flows, making it a strong defensive play. Despite its premium valuation, Otis's robust free cash flow and dividend growth, supported by share buybacks, make it an attractive investment in current market conditions.
Otis Worldwide: Cautiously Optimistic Approaching Earnings (Rating Upgrade)
Positive
CNBC Television
2 weeks ago
Trade Tracker: Josh Brown buys Otis Worldwide
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's buying a stock in a sea of red.
Trade Tracker: Josh Brown buys Otis Worldwide
Positive
Zacks Investment Research
2 weeks ago
OTIS to Supply Elevators & Escalators for Kaohsiung's New Project
Otis Worldwide's innovation ability reflects from its recent project win in Kaohsiung, Taiwan. Click here to learn more about the new project win.
OTIS to Supply Elevators & Escalators for Kaohsiung's New Project
Positive
CNBC Television
1 month ago
Josh Brown's 'Best Stocks in the Market' list: RTX and Otis Worldwide
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to reveal two more names on his "Best Stocks in the Market" list.
Josh Brown's 'Best Stocks in the Market' list: RTX and Otis Worldwide
Positive
Zacks Investment Research
1 month ago
Why Is Otis Worldwide (OTIS) Up 2.9% Since Last Earnings Report?
Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?
Why Is Otis Worldwide (OTIS) Up 2.9% Since Last Earnings Report?
Neutral
Zacks Investment Research
2 months ago
Otis Worldwide (OTIS) International Revenue in Focus: Trends and Expectations
Examine Otis Worldwide's (OTIS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Otis Worldwide (OTIS) International Revenue in Focus: Trends and Expectations
Neutral
PRNewsWire
2 months ago
Otis Declares Quarterly Dividend of $0.39 per Share
FARMINGTON, Conn. , Jan. 30, 2025 /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
Negative
Zacks Investment Research
2 months ago
Otis Worldwide Earnings Miss Estimates in Q4, Stock Price Decreases
OTIS Q4 results hurt by a dismal New Equipment segment performance but gain from the Service segment. Dive in to get a clear picture about the quarter.
Otis Worldwide Earnings Miss Estimates in Q4, Stock Price Decreases
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