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Otis Worldwide Corporation (OTIS)

Stock Price: $63.52 USD -1.67 (-2.56%)
Updated Jan 21, 2021 4:00 PM EST - Market closed
Pre-market: $63.28 -0.24 (-0.38%) Jan 22, 8:25 AM
Market Cap 27.52B
Revenue (ttm) 12.62B
Net Income (ttm) 873.03M
Shares Out 433.08M
EPS (ttm) 2.02
PE Ratio 31.51
Forward PE 24.75
Dividend $0.80
Dividend Yield 1.26%
Trading Day January 21
Last Price $63.52
Previous Close $65.19
Change ($) -1.67
Change (%) -2.56%
Day's Open 65.24
Day's Range 63.45 - 65.24
Day's Volume 2,031,253
52-Week Range 40.00 - 67.78

News

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PRNewsWire - 1 week ago

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 M...

Seeking Alpha - 1 week ago

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.

PRNewsWire - 1 week ago

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...

The Motley Fool - 1 month ago

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
InvestorPlace - 1 month ago

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, NEE, SIVB, TDOC
Seeking Alpha - 2 months ago

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; ...

Seeking Alpha - 2 months ago

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

PRNewsWire - 2 months ago

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 y...

Market Watch - 2 months ago

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 ...

PRNewsWire - 3 months ago

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 Ma...

PRNewsWire - 4 months ago

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 ...

Seeking Alpha - 4 months ago

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

Other stocks mentioned: MS
PRNewsWire - 4 months ago

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 Stanle...

PRNewsWire - 5 months ago

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 conferen...

PRNewsWire - 5 months ago

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

CNBC Television - 5 months ago

Otis Worldwide CEO on China recovery, elevators being essential services

"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.

Seeking Alpha - 5 months ago

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

PRNewsWire - 5 months ago

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...

PRNewsWire - 5 months ago

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 jo...

PRNewsWire - 6 months ago

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...

Seeking Alpha - 6 months ago

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

PRNewsWire - 6 months ago

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 Mar...

Seeking Alpha - 6 months ago

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

Seeking Alpha - 6 months ago

Otis: Number 1 In Elevators By Size With Aggressive EPS Growth Plan

Seeking Alpha - 6 months ago

Otis Worldwide: Solid Business, 'Going Up' In The Long Term

PRNewsWire - 7 months ago

FARMINGTON, Conn., June 17, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) has named Jim Cramer as President, Otis Americas. Cramer will report directly to Otis President & CEO, ...

Zacks Investment Research - 7 months ago

The Fed's decision to expand its scope to support credit markets amid the pandemic bolstered market participants' confidence.

Other stocks mentioned: EBAY, LOW, NVDA, SNPS
Zacks Investment Research - 7 months ago

The reopening of the U.S. economy and improving employment level are reviving strength of the overall construction space.

Other stocks mentioned: BZH, KBH, RH, WSM
The Motley Fool - 7 months ago

An investment appraisal of the elevator company, formerly part of United Technologies.

Seeking Alpha - 8 months ago

Otis Worldwide Corp (OTIS) CEO Judith Marks on Q1 2020 Results - Earnings Call Transcript

Seeking Alpha - 9 months ago

Otis Worldwide Enjoys A Flywheel Business Model, Strong Recurring Revenue Base, And High Barriers To Entry

Seeking Alpha - 9 months ago

In the current environment, forex is an especially important factor to consider.

Seeking Alpha - 9 months ago

Otis Worldwide: Buy This Undervalued Spin-Off And Industry Leader

Forbes - 9 months ago

On November 26, 2018, United Technologies Corp. had announced tax-free spin-off of its Otis and Carrier businesses, into new, independent publicly traded companies to be named Otis Worldwide C...

Other stocks mentioned: RTX, CARR

About OTIS

Otis Worldwide Corporation manufactures, installs, and services elevators and escalators worldwide. 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 elevators and escalators. The company was found... [Read more...]

Industry
Specialty Industrial Machinery
Founded
1853
CEO
Judith F. Marks
Employees
69,000
Stock Exchange
NYSE
Ticker Symbol
OTIS
Full Company Profile

Financial Performance

In 2019, Otis Worldwide's revenue was $13.12 billion, an increase of 1.57% compared to the previous year's $12.92 billion. Earnings were $1.12 billion, an increase of 6.39%.

Financial Statements

Analyst Forecasts

According to 11 analysts, the average rating for Otis Worldwide stock is "Buy." The 12-month stock price forecast is 70.13, which is an increase of 10.41% from the latest price.

Price Target
$70.13
(10.41% upside)
Analyst Consensus: Buy