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as 12-03-2024 12:46pm EST
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.
| Founded: | 1853 | Country: | United States |
| Employees: | N/A | City: | FARMINGTON |
| Market Cap: | 41.1B | IPO Year: | N/A |
| Target Price: | $105.83 | AVG Volume (30 days): | 1.9M |
| Analyst Decision: | Hold | Number of Analysts: | 8 |
| Dividend Yield: | Dividend Payout Frequency: | Quarterly | |
| EPS: | 4.02 | EPS Growth: | 21.39 |
| 52 Week Low/High: | $85.42 - $106.33 | Next Earning Date: | 10-30-2024 |
| Revenue: | $14,206,000,000 | Revenue Growth: | 1.27% |
| Revenue Growth (this year): | 2.48% | Revenue Growth (next year): | 2.86% |
Stock Insider Trading Activity of Otis Worldwide Corporation (OTIS)
| Name | Ticker | Relationship | Date | Transaction | AVG Cost Per Share | Shares | Total Value | Securities Owned After Transaction(s) | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|---|
| Ryan Michael Patrick | OTIS | SVP, CAO & Controller | Nov 8 '24 | Sell | $100.95 | 5,638 | $569,158.92 | 756 | |
| Luersman Abbe | OTIS | EVP & CPO | Nov 7 '24 | Sell | $101.02 | 9,000 | $909,208.80 | 9,992 |
Latest Otis Worldwide Corporation News
OTIS Breaking Stock News: Dive into OTIS Ticker-Specific Updates for Smart Investing
Simply Wall St.
5 hours ago
Insiders At Otis Worldwide Sold US$4.3m In Stock, Alluding To Potential Weakness
Zacks
4 days ago
Why Is Otis Worldwide (OTIS) Up 4.4% Since Last Earnings Report?
StockStory
5 days ago
Three Reasons Why OTIS is Risky and One Stock to Buy Instead
Simply Wall St.
8 days ago
Is It Time To Consider Buying Otis Worldwide Corporation (NYSE:OTIS)?
MT Newswires
20 days ago
UBS Adjusts Price Target on Otis Worldwide to $113 From $97, Maintains Neutral Rating
Bloomberg
20 days ago
Europe Follows US’s Debt Sales Revival as Borrowing Costs Fall
PR Newswire
20 days ago
Students to Develop Urban Mobility Solutions Using AI
MT Newswires
22 days ago
Vertical Research Raises Price Target on Otis Worldwide to $100 From $95
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