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as 07-26-2024 4:00pm 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: | 39.2B | IPO Year: | N/A |
| Target Price: | $97.86 | AVG Volume (30 days): | 2.5M |
| Analyst Decision: | Hold | Number of Analysts: | 8 |
| Dividend Yield: | Dividend Payout Frequency: | Quarterly | |
| EPS: | 3.58 | EPS Growth: | 13.29 |
| 52 Week Low/High: | $73.32 - $100.84 | Next Earning Date: | 07-24-2024 |
| Revenue: | $14,181,000,000 | Revenue Growth: | 2.40% |
| Revenue Growth (this year): | 5.02% | Revenue Growth (next year): | 3.34% |
Stock Insider Trading Activity of Otis Worldwide Corporation (OTIS)
| Name | Ticker | Relationship | Date | Transaction | Cost Per Share | Shares | Total Value | Securities Owned After Transaction(s) | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|---|
| Zheng Peiming | OTIS | EVP, Chief Product, Delivery | May 7 '24 | Sell | $93.69 | 30,364 | $2,844,681.70 | 15,570 | SEC Form 4 |
| de Montlivault Stephane | OTIS | President, Otis Asia Pacific | Feb 21 '24 | Sell | $91.10 | 18,393 | $1,675,626.21 | 67,274 | SEC Form 4 |
| LaFreniere Nora E. | OTIS | EVP, General Counsel | Feb 20 '24 | Sell | $90.87 | 22,106 | $2,008,831.91 | 24,927 | SEC Form 4 |
| Ryan Michael Patrick | OTIS | SVP, CAO & Controller | Feb 20 '24 | Sell | $90.77 | 3,522 | $319,679.61 | 756 | SEC Form 4 |
| Marks Judith Fran | OTIS | Chair, CEO & President | Feb 6 '24 | Sell | $91.83 | 37,312 | $3,426,360.96 | 192,319 | SEC Form 4 |
Latest Otis Worldwide Corporation News
OTIS Breaking Stock News: Dive into OTIS Ticker-Specific Updates for Smart Investing
Zacks
8 hours ago
Weyerhaeuser's (WY) Q2 Earnings & Net Sales Miss Estimates
MT Newswires
11 hours ago
Redburn Atlantic Adjusts Price Target on Otis Worldwide to $108 From $105
Simply Wall St.
13 hours ago
Otis Worldwide Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
StockStory
16 hours ago
Unpacking Q2 Earnings: Worthington (NYSE:WOR) In The Context Of Other Industrial Machinery Stocks
GuruFocus.com
19 hours ago
Otis Worldwide Corp (OTIS): A Strategic SWOT Insight
PR Newswire
a day ago
Otis Declares Quarterly Dividend of $0.39 per Share
MT Newswires
a day ago
UBS Adjusts Otis Worldwide Price Target to $97 From $95, Maintains Neutral Rating
Zacks
a day ago
United Rentals (URI) Q2 Earnings Beat Estimates, Stock Up
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