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Otis Worldwide Corporation (OTIS)

Stock Price: $76.13 USD -1.49 (-1.92%)
Updated May 12, 2021 4:00 PM EDT - Market closed
After-hours: $75.54 -0.59 (-0.78%) May 12, 7:35 PM
Market Cap 33.31B
Revenue (ttm) 13.20B
Net Income (ttm) 1.05B
Shares Out 433.67M
EPS (ttm) 2.42
PE Ratio 31.47
Forward PE 27.55
Dividend $0.96
Dividend Yield 1.26%
Trading Day May 12
Last Price $76.13
Previous Close $77.62
Change ($) -1.49
Change (%) -1.92%
Day's Open 77.76
Day's Range 76.11 - 77.96
Day's Volume 2,392,724
52-Week Range 46.59 - 79.56

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Does Otis Worldwide (OTIS) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 week ago - Zacks Investment Research

Otis Worldwide (OTIS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down th...

2 weeks ago - Zacks Investment Research

Amazon, General Electric, Otis and GameStop were our top stock trades for Tuesday. Now, here's what the charts suggest after Monday's action.

Other stocks mentioned: AMZN, GE, GME
2 weeks ago - InvestorPlace

Before the market opened on April 26, elevator maker Otis Worldwide Corp. (NYSE:OTIS) reported earnings results for the first quarter of 2021, which ended on March 31.

2 weeks ago - GuruFocus

A large maker of elevators, escalators and moving walkways is seeing worldwide demand bounce back so fast following last year's COVID slump that it's increasing its dividend by 20 percent. Otis Worldwid...

2 weeks ago - New York Post

One of my favorite investing strategies is to buy shares of companies that raise dividends by at least 10%. Double-digit dividend growth can be a sign that a company believes its business is set to impr...

Other stocks mentioned: PH, WHR
2 weeks ago - GuruFocus

Otis Worldwide (OTIS) delivered earnings and revenue surprises of 16.13% and 8.75%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

FARMINGTON, Conn., April 26, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2021 net sales of $3.4 billion with 10.3% organic growth.

2 weeks ago - PRNewsWire

The sector's Q1 results are likely to reflect a solid housing market. High labor/material costs and the COVID-19 pandemic might have been risks.

Other stocks mentioned: DHI, FAST, LII, NVR, PCH, SSD
2 weeks ago - Zacks Investment Research

The end of the week brings a slowdown in March-quarter earnings releases. More companies continue to beat estimated earnings and revenues than the other way round, but expectations have not been particu...

2 weeks ago - 24/7 Wall Street

FARMINGTON, Conn., April 19, 2021 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.24 per share of Otis' common stock, which repre...

3 weeks ago - PRNewsWire

Otis Worldwide (OTIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 weeks ago - Zacks Investment Research

FARMINGTON, Conn., April 12, 2021 /PRNewswire/ -- Today, student teams from 14 schools across nine countries and regions made history as the first cohort to complete Otis' inaugural Made to Move Communi...

1 month ago - PRNewsWire

Ipswich, MA, based Investment company Ipswich Investment Management Co., Inc. (Current Portfolio) buys Otis Worldwide Corp, Texas Pacific Land Corp, NextEra Energy Inc, Vertex Pharmaceuticals Inc, Targe...

1 month ago - GuruFocus

FARMINGTON, Conn., April 9, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, April 26, 2021, at 8:30 a.m.

1 month ago - PRNewsWire

An aviation giant, a leading air-conditioning manufacturer, and an elevator company make up a short list of stocks that hedge funds have been buying.

Other stocks mentioned: BA, CARR
1 month ago - The Motley Fool

FARMINGTON, Conn., March 15, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks and Executive Vice President of Operations Todd Glance will speak about the company's...

1 month ago - PRNewsWire

FARMINGTON, Conn., Feb. 4, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.20 per share of Otis' common stock. The dividend will...

3 months ago - PRNewsWire

The elevator and escalator manufacturer sets positive if modest growth targets for the current year.

3 months ago - The Motley Fool

"As long as people follow other guidance, they can bring the risks down," Otis CEO Judy Marks said in a "Mad Money" interview.

3 months ago - CNBC

Otis Worldwide CEO on coronavirus safety in elevators

YouTube video

Data show that there is less potential of contracting coronavirus on an elevator than the risk of contracting coronavirus in an outdoor eating establishment, Otis Worldwide CEO Judy Marks said.

3 months ago - CNBC Television

Otis Worldwide Corp. (NYSE: OTIS) published its earnings report for the fiscal fourth quarter on Monday that came in better than what analysts had anticipated. The company also gave upbeat guidance for ...

3 months ago - Invezz

Otis Worldwide Corporation (OTIS) CEO Judy Marks on Q4 2020 Results - Earnings Call Transcript

3 months ago - Seeking Alpha

Shares of Otis Worldwide (NYSE:OTIS) moved higher by 1.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 40.43% over the past year to $0.66, which...

3 months ago - Benzinga

Shares of Otis Worldwide Corp. were indicated up about 0.5% in premarket trading Monday, after the elevator and escalator maker reported fourth-quarter profit and sales that rose above expectations, and...

3 months ago - Market Watch

FARMINGTON, Conn., Feb. 1, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported fourth quarter 2020 net sales of $3.5 billion with 1.3% organic growth. GAAP diluted earnings per share (E...

3 months ago - PRNewsWire

FARMINGTON, Conn., Jan. 27, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today released the results of a three-month academic study that investigates how elevator airflow affects potenti...

3 months ago - PRNewsWire

FARMINGTON, Conn., Jan. 15, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, February 1, 2021, at 10:00 a.m. EST. Otis President & CEO Judy Marks and E...

3 months ago - PRNewsWire

Otis has a strong brand that started in 1853 with the development of the elevator breaker. Otis One will help increase sales, raise conversion rates, and lower costs.

4 months ago - Seeking Alpha

FARMINGTON, Conn., Jan. 11, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purc...

4 months ago - PRNewsWire

An aerospace company, an elevator company, and a motion and control technology company have all been bought by hedge funds in 2020.

Other stocks mentioned: PH, RTX
5 months ago - The Motley Fool

It's time to start considering some of the best stocks to buy for 2021. However, these 12 selections come with a bit of a twist.

Other stocks mentioned: ADBE, FIS, JCI, JELD, JNJ, MCD, MELI ...
5 months ago - InvestorPlace

Otis's Q3 results showed the resilience of elevator businesses, with sales down only 1.2% year-on-year (they were down only 6.5% in Q2). Cost savings helped EBIT grew 7.0% year-on-year in Q3; leverage, ...

6 months ago - Seeking Alpha

Otis Worldwide Corp (OTIS) CEO Judith Marks on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

FARMINGTON, Conn., Oct. 26, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2020 net sales of $3.3 billion, a decrease of 1.2% organically versus the prior year. GAAP ...

6 months ago - PRNewsWire

Otis Worldwide Corp. reported Monday a third-quarter profit and sales that beat expectations, and provided an upbeat full-year outlook. The elevator and escalator installation company's stock was still ...

6 months ago - Market Watch

FARMINGTON, Conn., Oct. 9, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, October 26, 2020, at 10:00 a.m. EDT. Otis President & CEO Judy Marks and Ex...

7 months ago - PRNewsWire

FARMINGTON, Conn., Sept. 18, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared, effective October 5, 2020, a quarterly dividend of $0.20 per share of Otis' c...

7 months ago - PRNewsWire

Otis Worldwide's (OTIS) CEO Judy Marks on Morgan Stanley Virtual 8th Annual Laguna Conference - Transcript

Other stocks mentioned: MS
7 months ago - Seeking Alpha

FARMINGTON, Conn., Sept. 1, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks will participate in the 8th annual Laguna conference hosted by Morgan Stanley on Septe...

8 months ago - PRNewsWire

FARMINGTON, Conn., Aug. 19, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks and Executive Vice President & CFO Rahul Ghai will participate in a conference call ho...

8 months ago - PRNewsWire

FARMINGTON, Conn., Aug. 17, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) has acquired Bay State Elevator, including its service portfolio and operations in Massachusetts, Connecticut, Ve...

8 months ago - PRNewsWire

Otis Worldwide CEO on China recovery, elevators being essential services

YouTube video

"We have been an essential service since the Covid pandemic started, and our folks are continuing to service elevators globally and never stopped," Otis Worldwide CEO Judy Marks said.

9 months ago - CNBC Television

Otis Worldwide Corp (OTIS) CEO Judith Marks on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

FARMINGTON, Conn., July 28, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported second quarter 2020 net sales of $3.0 billion, a decrease of 6.5% organically versus the prior year.

9 months ago - PRNewsWire

FARMINGTON, Conn., July 22, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, has joined the P...

9 months ago - PRNewsWire

FARMINGTON, Conn., July 15, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) is helping customers around the world prepare for the safe reopening and continued maintenance of their buildings...

9 months ago - PRNewsWire

COVID-19 Office Paradigm Shift Could Be A Tailwind For Otis

9 months ago - Seeking Alpha

FARMINGTON, Conn., July 13, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Tuesday, July 28, 2020, at 10:00 a.m. EDT. Otis President & CEO Judy Marks and Exe...

9 months ago - PRNewsWire

Otis Market Share Strategy Leveling Playing Field, Schindler Resilient On Demographics And End-Markets

9 months ago - Seeking Alpha

About OTIS

Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates through two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevator... [Read more...]

Industry
Specialty Industrial Machinery
Founded
1853
Stock Exchange
NYSE
Ticker Symbol
OTIS
Full Company Profile

Financial Performance

In 2020, Otis Worldwide's revenue was $12.76 billion, a decrease of -2.76% compared to the previous year's $13.12 billion. Earnings were $906.00 million, a decrease of -18.82%.

Financial Statements

Analyst Forecasts

According to 11 analysts, the average rating for Otis Worldwide stock is "Buy." The 12-month stock price forecast is 81.88, which is an increase of 7.55% from the latest price.

Price Target
$81.88
(7.55% upside)
Analyst Consensus: Buy