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Otis Worldwide Corporation (OTIS)

Stock Price: $88.52 USD 1.19 (1.36%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $88.50 -0.02 (-0.02%) Jul 23, 7:43 PM
Market Cap 37.99B
Revenue (ttm) 13.20B
Net Income (ttm) 1.05B
Shares Out 433.67M
EPS (ttm) 2.41
PE Ratio 36.75
Forward PE 30.49
Dividend $0.80
Dividend Yield 0.90%
Trading Day July 23
Last Price $88.52
Previous Close $87.33
Change ($) 1.19
Change (%) 1.36%
Day's Open 88.08
Day's Range 87.65 - 88.82
Day's Volume 1,649,130
52-Week Range 56.89 - 88.82

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Another week of June-quarter earnings results wraps up Friday morning, when we hear from American Express, Honeywell and Schlumberger.

Other stocks mentioned: LMT, ARLP
2 days ago - 24/7 Wall Street

Momentum stocks turn the idea of "buy low, sell high" on its head. These seven stocks are on the rise and don't show signs of stopping.

Other stocks mentioned: CARR, DUK, EQR, MRNA, RVI, SLI
4 days ago - InvestorPlace

Otis Worldwide (OTIS) is likely to have witnessed higher revenues and earnings in the second quarter, given recovery in end-markets served.

4 days ago - Zacks Investment Research

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.

5 days ago - Zacks Investment Research

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

2 weeks ago - PRNewsWire

One of the largest elevator and escalator companies in the world gets new coverage from an analyst with a bullish outlook and potential for returned capital to shareholders.  The Otis Worldwide Analyst:...

2 weeks ago - Benzinga

Should you follow this leading hedge fund manager's recommendation to buy these stocks?

Other stocks mentioned: DE, FTV
3 weeks ago - The Motley Fool

Otis (OTIS) is banking on segmental performance, dividend yield and the current repurchase program.

1 month ago - Zacks Investment Research

Top 5 Stocks to Buy From the Booming Building Products Industry

Other stocks mentioned: MAS, NX, OC, WMS
1 month ago - Zacks Investment Research

FARMINGTON, Conn., June 8, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS), the company that helped make the vertical city possible and transformed how we live and work, today announced a new gen...

1 month ago - PRNewsWire

FARMINGTON, Conn., May 26, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, today unveiled addition...

1 month ago - PRNewsWire

FARMINGTON, Conn., May 25, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS) today announced that Abbe Luersman will join the company as Executive Vice President and Chief People Officer (CPO), eff...

1 month ago - PRNewsWire

FARMINGTON, Conn., May 20, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks will speak at the Bernstein 37th Annual Strategic Decisions Virtual Conference on Thurs...

2 months ago - PRNewsWire

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

2 months 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 months 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 months 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 months 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 months 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 months 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 months 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 months 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
3 months 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...

3 months 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 months 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 months 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...

3 months 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...

3 months 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.

3 months 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
3 months 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...

4 months 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...

5 months ago - PRNewsWire

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

5 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.

5 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.

5 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 ...

5 months ago - Invezz

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

5 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...

5 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...

5 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...

5 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...

5 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...

6 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.

6 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...

6 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
7 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 ...
7 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, ...

8 months ago - Seeking Alpha

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

8 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 ...

8 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 ...

8 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...

9 months ago - PRNewsWire

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 12 analysts, the average rating for Otis Worldwide stock is "Buy." The 12-month stock price forecast is 84.78, which is a decrease of -4.23% from the latest price.

Price Target
$84.78
(-4.23% downside)
Analyst Consensus: Buy