- Previous Close
104.30 - Open
105.14 - Bid 103.88 x 800
- Ask 104.70 x 800
- Day's Range
103.54 - 105.16 - 52 Week Range
73.32 - 105.39 - Volume
1,156,251 - Avg. Volume
2,282,354 - Market Cap (intraday)
41.882B - Beta (5Y Monthly) 0.93
- PE Ratio (TTM)
29.21 - EPS (TTM)
3.58 - Earnings Date Oct 23, 2024 - Oct 28, 2024
- Forward Dividend & Yield 1.56 (1.49%)
- Ex-Dividend Date Aug 16, 2024
- 1y Target Est
99.12
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in 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. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.
www.otis.com71,000
Full Time Employees
December 31
Fiscal Year Ends
Sector
Specialty Industrial Machinery
Industry
Recent News: OTIS
View MorePerformance Overview: OTIS
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: OTIS
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Statistics: OTIS
View MoreValuation Measures
Market Cap
41.88B
Enterprise Value
48.40B
Trailing P/E
29.21
Forward P/E
24.75
PEG Ratio (5yr expected)
2.61
Price/Sales (ttm)
3.02
Price/Book (mrq)
--
Enterprise Value/Revenue
3.41
Enterprise Value/EBITDA
20.29
Financial Highlights
Profitability and Income Statement
Profit Margin
10.35%
Return on Assets (ttm)
14.51%
Return on Equity (ttm)
--
Revenue (ttm)
14.18B
Net Income Avi to Common (ttm)
1.47B
Diluted EPS (ttm)
3.58
Balance Sheet and Cash Flow
Total Cash (mrq)
942M
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
1.19B
Research Analysis: OTIS
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Research Reports: OTIS
View MoreOtis Earnings: Still-Weak Equipment Demand Irks Investors Despite Modernization and Service Strength
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.
RatingPrice TargetMid Cap U.S. Pick List September 2024
This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.
Mid Cap U.S. Pick List August 2024
This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.
Recent weakness offers buying opportunity
COMPANY DESCRIPTION Otis is the world's largest elevator and escalator manufacturing, installation and services company. The company's 71,000 employees operate from more than 1,400 branches and offices and include 40,000 field technicians. The company has more than two million maintenance units under contact and operates in 200 countries. Its two business segments are New Equipment and Services. Otis was founded in 1853. The shares are a component of the S&P 500.
RatingPrice Target