Otis Worldwide (OTIS)

• Market cap: $40.1B
• 1 day: -0.68%
• 5 days: 1.08%
• 1 month: 2.89%
• 3 months: 8.23%
• 6 months: 5.15%
• Year to date: 9.72%
• 1 year: 0.99%
• 5 years: 153.02%
• 10 years: 123.67%
• Sector: Industrials
• Industry: Electronic & Other Electrical Equipment, Except Computer Equipment

About: Otis Worldwide Corp 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

Fund manager confidence

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

243% more call options, than puts

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

31% more first-time investments, than exits

New positions opened: 142 | Existing positions closed: 108

1% more funds holding

Funds holding: 1,180 [Q3] → 1,195 (+15) [Q4]

10% less repeat investments, than reductions

Existing positions increased: 374 | Existing positions reduced: 414

4.28% less ownership

Funds ownership: 94.94% [Q3] → 90.67% (-4.28%) [Q4]

15% less capital invested

Capital invested by funds: $39.8B [Q3] → $33.8B (-$6.01B) [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: $91 10% downside
• Avg. target: $97 4% downside
• High target: $105 4% upside

3 analyst ratings

• positive: 0 0%
• neutral: 2 67%
• negative: 1 33%

JP Morgan Stephen Tusa 50% 1-year accuracy 14 / 28 met price target	4% upside $105	Neutral Maintained	30 Jan 2025
Wells Fargo Joseph O'Dea 33% 1-year accuracy 12 / 36 met price target	6% downside $95	Equal-Weight Maintained	30 Jan 2025
Barclays Julian Mitchell 45% 1-year accuracy 54 / 119 met price target	10% downside $91	Underweight Maintained	8 Jan 2025