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OTIS

OTIS - Otis Worldwide Corp Stock Price, Fair Value and News

99.86USD+1.23 (+1.25%)Market Closed

Market Summary

OTIS
USD99.86+1.23
Market Closed
1.25%

OTIS Alerts

  • 3 major insider sales recently.

OTIS Stock Price

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OTIS RSI Chart

OTIS Valuation

Market Cap

40.5B

Price/Earnings (Trailing)

28.8

Price/Sales (Trailing)

2.85

EV/EBITDA

22.22

Price/Free Cashflow

24.89

OTIS Price/Sales (Trailing)

OTIS Profitability

EBT Margin

14.29%

Return on Equity

710.1%

Return on Assets

13.9%

Free Cashflow Yield

4.02%

OTIS Fundamentals

OTIS Revenue

Revenue (TTM)

14.2B

Rev. Growth (Yr)

5.26%

Rev. Growth (Qtr)

2.75%

OTIS Earnings

Earnings (TTM)

1.4B

Earnings Growth (Yr)

8.75%

Earnings Growth (Qtr)

-14.1%

Breaking Down OTIS Revenue

Last 7 days

0.9%

Last 30 days

8.9%

Last 90 days

11.5%

Trailing 12 Months

19.9%

How does OTIS drawdown profile look like?

OTIS Financial Health

Current Ratio

0.99

Debt/Equity

34.45

Debt/Cashflow

0.24

OTIS Investor Care

Dividend Yield

1.31%

Dividend/Share (TTM)

1.31

Buy Backs (1Y)

2.27%

Diluted EPS (TTM)

3.39

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202313.6B13.8B14.0B14.2B
202214.3B14.1B13.8B13.7B
202113.2B13.9B14.2B14.3B
202013.0B12.7B12.6B12.8B
201913.0B13.0B13.1B13.1B
201800012.9B

Tracking the Latest Insider Buys and Sells of Otis Worldwide Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 01, 2024
zheng peiming
acquired
-
-
301
evp, chief product, delivery
Mar 01, 2024
zheng peiming
sold (taxes)
-13,395
95.68
-140
evp, chief product, delivery
Mar 01, 2024
loh sally
acquired
-
-
1,207
president, otis china
Feb 21, 2024
de montlivault stephane
acquired
4,184,250
65.1275
64,247
president, otis asia pacific
Feb 21, 2024
de montlivault stephane
sold (taxes)
-4,184,180
91.25
-45,854
president, otis asia pacific
Feb 21, 2024
de montlivault stephane
sold
-1,675,630
91.1013
-18,393
president, otis asia pacific
Feb 20, 2024
lafreniere nora e.
sold
-2,008,830
90.8727
-22,106
evp, general counsel
Feb 20, 2024
ryan michael patrick
sold
-319,680
90.7665
-3,522
svp, cao & controller
Feb 20, 2024
lafreniere nora e.
acquired
809,632
54.6643
14,811
evp, general counsel
Feb 20, 2024
lafreniere nora e.
sold (taxes)
-809,555
90.9
-8,906
evp, general counsel

1–10 of 50

Which funds bought or sold OTIS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 26, 2024
Fairman Group, LLC
new
-
716
716
-%
Mar 26, 2024
HighPoint Advisor Group LLC
new
-
957,000
957,000
0.07%
Mar 22, 2024
Livelsberger Financial Advisory
new
-
372
372
-%
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-3.39
3,024,240
42,645,900
0.03%
Mar 19, 2024
Accent Capital Management, LLC
new
-
35,788
35,788
0.03%
Mar 18, 2024
CoreFirst Bank & Trust
unchanged
-
5,799
56,635
0.04%
Mar 15, 2024
B. Riley Wealth Advisors, Inc.
reduced
-13.28
-21,840
624,233
0.02%
Mar 14, 2024
ABLES, IANNONE, MOORE & ASSOCIATES, INC.
new
-
179
179
-%
Mar 11, 2024
VANGUARD GROUP INC
added
14.84
894,232,000
4,095,340,000
0.09%
Mar 08, 2024
TRUST CO OF VERMONT
reduced
-18.85
-121,330
1,143,870
0.08%

1–10 of 50

Are Funds Buying or Selling OTIS?

Are funds buying OTIS calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own OTIS
No. of Funds

Unveiling Otis Worldwide Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 12, 2024
blackrock inc.
8.5%
34,990,980
SC 13G/A
Jan 10, 2024
vanguard group inc
11.18%
45,770,739
SC 13G/A
Feb 09, 2023
vanguard group inc
9.53%
39,713,309
SC 13G/A
Feb 03, 2023
blackrock inc.
8.6%
35,961,868
SC 13G/A
Feb 10, 2022
state street corp
4.00%
16,998,926
SC 13G/A
Feb 03, 2022
blackrock inc.
8.7%
37,081,287
SC 13G/A
Feb 24, 2021
state street corp
7.76%
33,601,023
SC 13G/A
Feb 12, 2021
state street corp
7.76%
33,601,023
SC 13G
Feb 10, 2021
vanguard group inc
8.65%
37,456,285
SC 13G
Feb 02, 2021
blackrock inc.
7.4%
32,225,210
SC 13G

Recent SEC filings of Otis Worldwide Corp

View All Filings
Date Filed Form Type Document
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Feb 23, 2024
4
Insider Trading
Feb 21, 2024
144
Notice of Insider Sale Intent
Feb 20, 2024
4
Insider Trading
Feb 20, 2024
4
Insider Trading
Feb 20, 2024
144
Notice of Insider Sale Intent
Feb 20, 2024
144
Notice of Insider Sale Intent
Feb 12, 2024
SC 13G/A
Major Ownership Report
Feb 08, 2024
4
Insider Trading

What is the Fair Value of OTIS?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index

Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $17,289
S&P 500 Index: $12,922
Very Expensive Stocks: $11,022


Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Otis Worldwide Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
196.0B
68.0B
17.42% 85.59%
20.68
2.88
16.96% 2688.24%
186.2B
67.1B
11.25% 52.84%
18.02
2.78
12.84% 54.12%
42.5B
6.6B
5.33% 35.68%
32.33
6.43
7.26% 13.25%
41.8B
34.1B
8.95% 28.92%
49.79
1.23
21.34% -61.52%
13.2B
14.9B
9.44% 8.69%
214.07
0.89
12.31% -81.65%
MID-CAP
9.7B
6.9B
11.40% 76.40%
63.11
1.39
5.64% 109.59%
7.1B
15.5B
-2.21% 41.15%
51.56
0.46
12.59% -4.48%
6.0B
4.3B
6.34% 37.26%
32.14
1.39
19.51% -1.03%
4.2B
2.3B
2.01% 40.67%
26.24
1.81
2.90% -35.23%
2.7B
1.7B
-1.37% 17.92%
19.99
1.61
11.63% 33.59%
SMALL-CAP
1.2B
35.8M
-10.81% -61.18%
-1.26
33.91
-27.93% -23.21%
1.2B
1.4B
-14.14% -53.85%
18.98
0.86
-24.65% -34.19%
671.5M
527.6M
8.25% 16.85%
19.76
1.27
14.23% 56.70%
413.4M
135.4M
-8.75% 205.15%
-25.21
3.05
-25.90% 65.37%
218.7M
99.2M
76.27% 123.72%
-17.86
2.21
-3.69% -37.37%

Otis Worldwide Corp News

Latest updates
Defense World • 3 hours ago
Defense World • 26 Mar 2024 • 05:03 am
MarketWatch • 25 Mar 2024 • 09:58 pm
Yahoo Finance • 25 Mar 2024 • 01:50 pm
Yahoo Finance • 22 Mar 2024 • 10:05 am

Otis Worldwide Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue2.8%3,6203,5233,7203,3463,4393,3443,4883,4143,5693,6203,7013,4083,4933,2683,0292,9663,3533,3133,3513,101-
Costs and Expenses4.1%3,0872,9653,1522,8402,9652,8272,9822,9043,0793,0783,1492,9063,0582,8072,6162,5722,9132,8212,8512,680-
  S&GA Expenses10.2%498452479455448417439459503479484482537481441465481444444441-
  R&D Expenses2.8%37.0036.0036.0035.0038.0037.0038.0037.0046.0039.0039.0035.0040.0037.0037.0038.0045.0039.0040.0039.00-
EBITDA Margin-0.4%0.15*0.15*0.15*0.14*0.14*0.14*0.14*0.14*0.14*0.14*0.14*0.13*0.12*0.13*0.14*0.15*0.16*----
Interest Expenses-5.1%-41.00-39.00-37.00-33.00-36.00-35.00-35.00-37.00-44.00-33.00-27.00-32.00-37.00-39.00-41.00-5.005.006.003.001.00-
Income Taxes-2.9%133137135128137143103136137128153123118103109125183143143125-
Earnings Before Taxes-10.3%477532542480455493451489447507532475397413374327437504495425-
EBT Margin-0.2%0.14*0.14*0.14*0.14*0.14*0.14*0.13*0.14*0.14*0.13*0.13*0.13*0.12*0.12*0.13*0.14*0.14*----
Net Income-14.1%323376376331297324321311281331326308251266224165218317308273-
Net Income Margin0.6%0.10*0.10*0.10*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.08*0.08*0.07*0.07*0.07*0.08*0.09*----
Free Cashflow95.1%597306446278464239353504277355533585309348664159454----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Assets-2.6%10,11710,39010,1359,8459,8199,3429,91311,79512,27910,47210,85710,50510,71010,47310,4419,5249,687
  Current Assets-5.2%6,4006,7496,4176,1536,1435,8296,1507,8448,2616,3756,6816,3466,4936,2716,3925,5145,658
    Cash Equivalents-22.1%1,2741,6361,2191,1171,1891,0341,2181,2351,5651,5531,9231,7251,8011,7331,9121,2071,459
  Inventory-1.9%612624640642617603596626622628673686659667629599571
  Net PPE2.7%727708715719719692724757774775781765774721704688721
  Goodwill2.7%1,5881,5471,5791,5701,5671,4481,5501,6361,6671,7021,7421,7271,7731,7001,6391,6081,647
Liabilities-1.1%14,83715,00014,76014,48314,48314,07514,66515,14515,26313,70514,11113,79113,91113,85614,01713,7137,361
  Current Liabilities-4.0%6,4796,7497,1586,8236,8435,9926,3386,6516,2476,3636,7166,3956,6736,2915,7625,3555,374
  Short Term Borrowings------10381.0051.0024.0038.0034334170153833.0067.0034.00
  Long Term Debt0.6%6,8666,8226,1176,1166,0986,4596,6026,6947,2495,4585,4575,4575,2625,5126,2606,2585.00
    LT Debt, Non Current0.6%6,8666,8226,1176,1166,0986,4596,6026,6947,2495,4585,4575,4575,2625,5126,260-5.00
Shareholder's Equity-----------------2,128
  Retained Earnings8.2%-2,005-2,183-2,419-2,653-2,865-3,042-3,245-3,529-2,256-2,404-2,633-2,855-3,106-3,241-3,418--
Accumulated Depreciation-100.0%-1,1961,2051,1831,1511,0791,1411,1441,1561,1731,1631,1271,1971,1541,1241,0881,082
Shares Outstanding-0.3%411413414414420421423424428426428432433433433433433
Minority Interest25.5%69.0055.0010190.0071.0052.00109107481559539559467543570537531
Float---36,614---29,681---34,888---24,623--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations95.1%597306446278464239353504277355533585309348664159454364354297-
  Share Based Compensation0%15.0015.0019.0015.0026.0013.0015.0013.0017.0017.0017.0014.0019.0017.0016.0011.008.0013.009.007.00-
Cashflow From Investing-24.4%-51.00-41.00-70.00-21.00-95.0072.007.00-17.00-20.00-2.00-17.00-50.00-64.00-147-50.00-92.00-53.00-58.00-74.00-18.00-
Cashflow From Financing-658.1%-932167-244-341-250-465-2,114-8231,679-705-342-574-255-40976.00-256-439-341-41.00-312-
  Dividend Payments0%13913914112012012112210210210210287.0087.0086.0087.00------
  Buy Backs-2.4%223228177175150300200200-219206300---------

OTIS Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales:   
Revenues$ 14,209$ 13,685$ 14,298
Costs and expenses:   
Research and development144150159
Selling, general and administrative1,8841,7631,948
Costs and expenses12,04411,67812,212
Other income (expense), net212622
Operating profit2,1862,0332,108
Non-service pension cost (benefit)5211
Interest expense (income), net150143136
Net income before income taxes2,0311,8881,961
Income tax expense533519541
Net income1,4981,3691,420
Less: Noncontrolling interest in subsidiaries' earnings92116174
Net income attributable to Otis Worldwide Corporation$ 1,406$ 1,253$ 1,246
Earnings per share (Note 3):   
Basic (in usd per share)$ 3.42$ 2.98$ 2.91
Diluted (in usd per share)$ 3.39$ 2.96$ 2.89
Weighted average number of shares outstanding   
Basic shares (in shares)411.4420.0427.7
Diluted shares (in shares)414.6423.0431.4
Product sales   
Net sales:   
Revenues$ 5,812$ 5,864$ 6,428
Costs and expenses:   
Cost of products and services sold4,8434,9495,293
Service sales   
Net sales:   
Revenues8,3977,8217,870
Costs and expenses:   
Cost of products and services sold$ 5,173$ 4,816$ 4,812

OTIS Balance Sheet

2023-12-31
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 1,274$ 1,189
Accounts receivable (net of allowance for expected credit losses of $130 and $152)3,5383,357
Contract assets717664
Inventories612617
Other current assets259316
Total Current Assets6,4006,143
Future income tax benefits323285
Fixed assets, net727719
Operating lease right-of-use assets416449
Intangible assets, net335369
Goodwill1,5881,567
Other assets328287
Total Assets10,1179,819
Liabilities and Equity (Deficit)  
Short-term borrowings and current portion of long-term debt32670
Accounts payable1,8781,717
Accrued liabilities1,8731,794
Contract liabilities2,6962,662
Total Current Liabilities6,4796,843
Long-term debt6,8666,098
Future pension and postretirement benefit obligations462392
Operating lease liabilities292315
Future income tax obligations245279
Other long-term liabilities493556
Total Liabilities14,83714,483
Commitments and contingent liabilities (Note 21)
Redeemable noncontrolling interest135135
Shareholders' Equity (Deficit):  
Common Stock and additional paid-in-capital213162
Treasury Stock(2,382)(1,575)
Accumulated deficit(2,005)(2,865)
Accumulated other comprehensive income (loss)(750)(592)
Total Shareholders' Equity (Deficit)(4,924)(4,870)
Noncontrolling interest6971
Total Equity (Deficit)(4,855)(4,799)
Total Liabilities and Equity (Deficit)$ 10,117$ 9,819
OTIS
Otis Worldwide Corporation engages in the 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. 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.
 CEO
 WEBSITEwww.otis.com
 EMPLOYEES65535

Otis Worldwide Corp Frequently Asked Questions


What is the ticker symbol for Otis Worldwide Corp? What does OTIS stand for in stocks?

OTIS is the stock ticker symbol of Otis Worldwide Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Otis Worldwide Corp (OTIS)?

As of Wed Mar 27 2024, market cap of Otis Worldwide Corp is 40.49 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OTIS stock?

You can check OTIS's fair value in chart for subscribers.

What is the fair value of OTIS stock?

You can check OTIS's fair value in chart for subscribers. The fair value of Otis Worldwide Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Otis Worldwide Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OTIS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Otis Worldwide Corp a good stock to buy?

The fair value guage provides a quick view whether OTIS is over valued or under valued. Whether Otis Worldwide Corp is cheap or expensive depends on the assumptions which impact Otis Worldwide Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OTIS.

What is Otis Worldwide Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, OTIS's PE ratio (Price to Earnings) is 28.8 and Price to Sales (PS) ratio is 2.85. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OTIS PE ratio will change depending on the future growth rate expectations of investors.