Otis WorldwideOTIS
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
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
36% more first-time investments, than exits
New positions opened: 146 | Existing positions closed: 107
2.77% more ownership
Funds ownership: 87.87% [Q3] → 90.64% (+2.77%) [Q4]
2% more funds holding
Funds holding: 1,180 [Q3] → 1,201 (+21) [Q4]
9% less repeat investments, than reductions
Existing positions increased: 377 | Existing positions reduced: 413
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
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
RBC Capital Ben Hendrix 35% 1-year accuracy 25 / 71 met price target | 9%upside $105 | Outperform Maintained | 28 Apr 2025 |
Barclays Julian Mitchell 36% 1-year accuracy 46 / 128 met price target | 7%downside $90 | Underweight Maintained | 25 Apr 2025 |
Wells Fargo Joseph O'Dea 40% 1-year accuracy 14 / 35 met price target | 1%downside $95 | Equal-Weight Maintained | 24 Apr 2025 |
JP Morgan Stephen Tusa 47% 1-year accuracy 16 / 34 met price target | 9%downside $88 | Neutral Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 14 articles about OTIS published over the past 30 days
