Market Summary
USD80.93-0.77
Market Closed-0.94%
OTIS Stock Price
OTIS RSI Chart
OTIS Valuation
OTIS Price/Sales (Trailing)
OTIS Profitability
OTIS Fundamentals
OTIS Revenue
OTIS Earnings
Price Action
52 Week Range
62.2691.33
(Low)(High)
Last 7 days
-0.9%
Last 30 days
-2.4%
Last 90 days
-6.3%
Trailing 12 Months
21.2%
OTIS Financial Health
OTIS Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for OTIS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-02 | Luersman Abbe | acquired | - | - | 1,200 | evp & cpo |
2023-08-02 | Luersman Abbe | sold (taxes) | -32,538 | 89.39 | -364 | evp & cpo |
2023-07-28 | Calleja Fernandez Bernardo | acquired | 3,058,120 | 64.4642 | 47,439 | president, otis emea |
2023-07-28 | Calleja Fernandez Bernardo | sold | -362,060 | 90.6965 | -3,992 | president, otis emea |
2023-07-28 | Ryan Michael Patrick | sold | -576,676 | 90.5015 | -6,372 | vp, cao & controller |
2023-07-28 | Calleja Fernandez Bernardo | sold (taxes) | -3,058,000 | 90.46 | -33,805 | president, otis emea |
2023-07-01 | Calleja Fernandez Bernardo | acquired | - | - | 15,385 | president, otis emea |
2023-07-01 | Calleja Fernandez Bernardo | sold (taxes) | -457,956 | 89.01 | -5,145 | president, otis emea |
2023-06-01 | de Montlivault Stephane | acquired | - | - | 20,599 | president, otis asia pac |
2023-06-01 | Ryan Michael Patrick | sold (taxes) | -320,090 | 81.51 | -3,927 | vp, cao & controller |
Which funds bought or sold OTIS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-13 | CGC Financial Services, LLC | new | - | 9,791 | 9,791 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | added | 10.3 | 5,083 | 36,227 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 19,316 | 372,952 | 0.11% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 260,443 | 260,443 | 0.01% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 24.00 | 446 | -% |
2023-08-29 | EFG Asset Management (Americas) Corp. | reduced | -4.74 | 32,986 | 7,181,520 | 1.66% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 972 | 20,483 | -% |
2023-08-25 | Brown Shipley& Co Ltd | added | 13.04 | 494,765 | 3,070,400 | 1.26% |
2023-08-24 | Alberta Investment Management Corp | added | 174 | 4,407,630 | 6,736,990 | 0.06% |
2023-08-23 | HEADINVEST, LLC | reduced | -11.91 | -47,342 | 492,818 | 0.11% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Otis Worldwide
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 16, 2023 | 8-K | Current Report | |
| Aug 16, 2023 | 424B2 | Prospectus Filed | |
| Aug 14, 2023 | FWP | Prospectus Filed | |
| Aug 14, 2023 | 424B2 | Prospectus Filed | |
| Aug 03, 2023 | 4 | Insider Trading | |
| Jul 28, 2023 | 4 | Insider Trading | |
| Jul 28, 2023 | 4 | Insider Trading | |
| Jul 28, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 28, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 27, 2023 | 10-Q | Quarterly Report |
Peers (Alternatives to Otis Worldwide)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CAT | 139.5B | 64.8B | 0.68% | 59.26% | 16.69 | 2.15 | 19.88% | 23.71% |
ITW | 70.2B | 16.1B | -1.64% | 21.28% | 22.63 | 4.37 | 5.86% | 17.15% |
PH | 41.8B | 19.1B | -4.14% | 48.23% | 33.16 | 2.43 | 20.20% | 58.33% |
OTIS | 33.4B | 13.8B | -2.44% | 21.19% | 25.15 | 2.41 | -1.72% | 6.75% |
NDSN | 12.7B | 2.6B | -5.08% | 2.20% | 25.45 | 4.92 | 3.47% | 3.87% |
| MID-CAP | ||||||||
WWD | 7.4B | 2.8B | -1.15% | 42.57% | 36.49 | 2.68 | 20.08% | 21.60% |
MIDD | 7.1B | 4.1B | -5.50% | -0.97% | 15.57 | 1.73 | 10.28% | -5.05% |
AQUA | 6.1B | 1.9B | 0.46% | 36.55% | 77.42 | 3.28 | 16.94% | 47.44% |
FELE | 4.1B | 2.1B | -4.82% | 6.44% | 21.26 | 1.98 | 10.59% | 10.76% |
AIMC | 4.0B | 1.9B | 0.68% | 55.46% | 31.86 | 2.08 | 2.41% | 358.48% |
ALG | 2.0B | 1.6B | 0.68% | 37.32% | 16.37 | 1.27 | 12.15% | 49.02% |
| SMALL-CAP | ||||||||
SXI | 1.7B | 741.0M | -8.79% | 72.10% | 12.08 | 2.27 | 0.78% | 126.40% |
EPAC | 1.5B | 589.4M | 2.81% | 55.22% | 43.73 | 2.55 | 4.36% | 214.75% |
TNC | 1.4B | 1.2B | -6.99% | 23.27% | 14.5 | 1.17 | 8.71% | 68.74% |
TAYD | 82.2M | 40.2M | -8.32% | 98.86% | 13.07 | 2.04 | 30.24% | 180.76% |
Otis Worldwide News
Returns for OTIS
Cumulative Returns on OTIS
11.9%
3-Year Cumulative Returns
Risks for OTIS
What is the probability of a big loss on OTIS?
40.2%
Probability that Otis Worldwide stock will be more than 20% underwater in next one year
0%
Probability that Otis Worldwide stock will be more than 30% underwater in next one year.
0%
Probability that Otis Worldwide stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does OTIS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Otis Worldwide was unfortunately bought at previous high price.
Drawdowns
Financials for Otis Worldwide
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
| Revenue | 1.7% | 13,849 | 13,617 | 13,685 | 13,815 | 14,091 | 14,304 | 14,298 | 14,222 | 13,870 | 13,198 | 12,756 | 12,616 | 12,661 | 12,983 | 13,118 | 13,020 | 12,904 | 12,404 | 12,915 |
| S&GA Expenses | 2.3% | 1,799 | 1,759 | 1,763 | 1,818 | 1,880 | 1,925 | 1,948 | 1,982 | 1,984 | 1,941 | 1,924 | 1,868 | 1,831 | 1,834 | 1,810 | 1,772 | 1,770 | 1,764 | 1,735 |
| R&D Expenses | -1.4% | 146 | 148 | 150 | 158 | 160 | 161 | 159 | 153 | 151 | 149 | 152 | 157 | 159 | 162 | 163 | 157 | 158 | 156 | 181 |
| EBITDA | -100.0% | - | 1,930 | 1,936 | 1,925 | 1,943 | 2,034 | 2,028 | 1,985 | 1,883 | 1,709 | 1,580 | 1,657 | 1,789 | 1,951 | 2,055 | 2,092 | 2,030 | 1,884 | 2,097 |
| EBITDA Margin | -100.0% | - | 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* | 0.16* | 0.16* | 0.15* | 0.16* |
| Interest Expenses | -1.4% | -141 | -139 | -143 | -151 | -149 | -141 | -136 | -129 | -135 | -149 | -122 | -79.00 | -34.00 | 10.00 | 14.00 | 13.00 | 8.00 | 4.00 | 14.00 |
| Earnings Before Taxes | 4.8% | 1,970 | 1,879 | 1,888 | 1,880 | 1,894 | 1,975 | 1,961 | 1,911 | 1,817 | 1,659 | 1,511 | 1,551 | 1,642 | 1,763 | 1,861 | 1,899 | 1,840 | 1,700 | 1,893 |
| EBT Margin | -100.0% | - | 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* | 0.15* | 0.14* | 0.14* | 0.15* |
| Net Income | 4.3% | 1,328 | 1,273 | 1,253 | 1,237 | 1,244 | 1,249 | 1,246 | 1,216 | 1,151 | 1,049 | 906 | 873 | 924 | 1,008 | 1,116 | 1,197 | 1,162 | 1,092 | 1,049 |
| Net Income Margin | -100.0% | - | 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* | 0.09* | 0.09* | 0.09* | 0.08* |
| Free Cashflow | -100.0% | - | 1,334 | 1,560 | 1,373 | 1,489 | 1,669 | 1,750 | 1,782 | 1,775 | 1,906 | 1,480 | 1,625 | 1,641 | 1,331 | 1,469 | 1,353 | 1,302 | 1,188 | 1,550 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Assets | 2.9% | 10,135 | 9,845 | 9,819 | 9,342 | 9,913 | 11,795 | 12,279 | 10,472 | 10,857 | 10,505 | 10,710 | 10,473 | 10,441 | 9,524 | 9,687 |
| Current Assets | 4.3% | 6,417 | 6,153 | 6,143 | 5,829 | 6,150 | 7,844 | 8,261 | 6,375 | 6,681 | 6,346 | 6,493 | 6,271 | 6,392 | 5,514 | 5,658 |
| Cash Equivalents | 9.1% | 1,219 | 1,117 | 1,189 | 1,034 | 1,218 | 1,235 | 3,477 | 1,553 | 1,923 | 1,725 | 1,782 | 1,733 | 1,912 | 1,207 | 1,459 |
| Inventory | -0.3% | 640 | 642 | 617 | 603 | 596 | 626 | 622 | 628 | 673 | 686 | 659 | 667 | 629 | 599 | 571 |
| Net PPE | -0.6% | 715 | 719 | 719 | 692 | 724 | 757 | 774 | 775 | 781 | 765 | 774 | 721 | 704 | 688 | 721 |
| Goodwill | 0.6% | 1,579 | 1,570 | 1,567 | 1,448 | 1,550 | 1,636 | 1,667 | 1,702 | 1,742 | 1,727 | 1,773 | 1,700 | 1,639 | 1,608 | 1,647 |
| Liabilities | 1.9% | 14,760 | 14,483 | 14,483 | 14,075 | 14,665 | 15,145 | 15,263 | 13,705 | 14,111 | 13,791 | 13,911 | 13,856 | 14,017 | 13,713 | 7,361 |
| Current Liabilities | 4.9% | 7,158 | 6,823 | 6,843 | 5,992 | 6,338 | 6,651 | 6,247 | 6,363 | 6,716 | 6,395 | 6,673 | 6,291 | 5,762 | 5,355 | 5,374 |
| Short Term Borrowings | - | - | - | - | 103 | 81.00 | 51.00 | 24.00 | 38.00 | 343 | 341 | 701 | 538 | 33.00 | 67.00 | 34.00 |
| LT Debt, Non Current | 0.0% | 6,117 | 6,116 | 6,098 | 6,459 | 6,602 | 6,694 | 7,249 | 5,458 | 5,457 | 5,457 | 5,262 | 5,512 | 6,260 | - | 5.00 |
| Shareholder's Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,128 |
| Retained Earnings | 8.8% | -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 | 1.9% | 1,205 | 1,183 | 1,151 | 1,079 | 1,141 | 1,144 | 1,156 | 1,173 | 1,163 | 1,127 | 1,197 | 1,154 | 1,124 | 1,088 | 1,082 |
| Shares Outstanding | -0.4% | 413 | 414 | - | 419 | 421 | 424 | - | 426 | 428 | 432 | 433 | 433 | 433 | 433 | - |
| Minority Interest | 12.2% | 101 | 90.00 | 71.00 | 52.00 | 109 | 107 | 481 | 559 | 539 | 559 | 467 | 543 | 570 | 537 | 531 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
| Cashflow From Operations | 7.0% | 1,427 | 1,334 | 1,560 | 1,373 | 1,489 | 1,669 | 1,750 | 1,782 | 1,775 | 1,906 | 1,480 | 1,625 | 1,641 | 1,331 | 1,469 | 1,353 | 1,302 | 1,188 | 1,550 |
| Share Based Compensation | 5.8% | 73.00 | 69.00 | 67.00 | 58.00 | 62.00 | 64.00 | 65.00 | 67.00 | 67.00 | 66.00 | 63.00 | 52.00 | 48.00 | 41.00 | 37.00 | 39.00 | 32.00 | 28.00 | 38.00 |
| Cashflow From Investing | -208.1% | -114 | -37.00 | -33.00 | 42.00 | -32.00 | -56.00 | -89.00 | -133 | -278 | -311 | -353 | -342 | -253 | -277 | -203 | -200 | -184 | -72.00 | -201 |
| Cashflow From Financing | 59.0% | -1,300 | -3,170 | -3,652 | -1,723 | -1,963 | -191 | 58.00 | -1,876 | -1,580 | -1,162 | -844 | -1,028 | -960 | -1,077 | -1,133 | -925 | -706 | -1,248 | -1,497 |
| Dividend Payments | 3.9% | 502 | 483 | 465 | 447 | 428 | 408 | 393 | 378 | 362 | 347 | 260 | 173 | 87.00 | - | - | - | - | - | - |
| Buy Backs | -2.8% | 802 | 825 | 850 | 700 | 619 | 625 | 725 | 725 | 506 | 300 | - | - | - | - | - | - | - | - | - |
OTIS Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net sales: | ||||
| Revenues | $ 3,720 | $ 3,488 | $ 7,066 | $ 6,902 |
| Costs and expenses: | ||||
| Research and development | 36 | 38 | 71 | 75 |
| Selling, general and administrative | 479 | 439 | 934 | 898 |
| Costs and expenses | 3,152 | 2,982 | 5,992 | 5,886 |
| Other income (expense), net | 12 | (19) | 19 | (3) |
| Operating profit | 580 | 487 | 1,093 | 1,013 |
| Non-service pension cost (benefit) | 1 | 1 | 1 | 1 |
| Interest expense (income), net | 37 | 35 | 70 | 72 |
| Net income before income taxes | 542 | 451 | 1,022 | 940 |
| Income tax expense | 135 | 103 | 263 | 239 |
| Net income | 407 | 348 | 759 | 701 |
| Less: Noncontrolling interest in subsidiaries' earnings | 31 | 27 | 52 | 69 |
| Net income attributable to Otis Worldwide Corporation | $ 376 | $ 321 | $ 707 | $ 632 |
| Earnings per share (Note 2): | ||||
| Basic (in usd per share) | $ 0.91 | $ 0.76 | $ 1.71 | $ 1.49 |
| Diluted (in usd per share) | $ 0.90 | $ 0.76 | $ 1.70 | $ 1.48 |
| Weighted average number of shares outstanding: | ||||
| Basic shares (in shares) | 412,700,000 | 421,400,000 | 413,500,000 | 422,800,000 |
| Diluted shares (in shares) | 416,000,000.0 | 424,200,000 | 416,900,000 | 425,900,000 |
| Product sales | ||||
| Net sales: | ||||
| Revenues | $ 1,604 | $ 1,534 | $ 2,911 | $ 2,956 |
| Costs and expenses: | ||||
| Cost of products and services sold | 1,328 | 1,291 | 2,426 | 2,481 |
| Service sales | ||||
| Net sales: | ||||
| Revenues | 2,116 | 1,954 | 4,155 | 3,946 |
| Costs and expenses: | ||||
| Cost of products and services sold | $ 1,309 | $ 1,214 | $ 2,561 | $ 2,432 |
OTIS Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 1,219 | $ 1,189 |
| Accounts receivable (net of allowance for expected credit losses of $143 and $152) | 3,497 | 3,357 |
| Contract assets | 735 | 664 |
| Inventories | 640 | 617 |
| Other current assets | 326 | 316 |
| Total Current Assets | 6,417 | 6,143 |
| Future income tax benefits | 284 | 285 |
| Fixed assets (net of accumulated depreciation of $1,205 and $1,151) | 715 | 719 |
| Operating lease right-of-use assets | 438 | 449 |
| Intangible assets, net | 355 | 369 |
| Goodwill | 1,579 | 1,567 |
| Other assets | 347 | 287 |
| Total Assets | 10,135 | 9,819 |
| Liabilities and Equity (Deficit) | ||
| Short-term borrowings and current portion of long-term debt | 746 | 670 |
| Accounts payable | 1,744 | 1,717 |
| Accrued liabilities | 1,779 | 1,794 |
| Contract liabilities | 2,889 | 2,662 |
| Total Current Liabilities | 7,158 | 6,843 |
| Long-term debt | 6,117 | 6,098 |
| Future pension and postretirement benefit obligations | 398 | 392 |
| Operating lease liabilities | 308 | 315 |
| Future income tax obligations | 278 | 279 |
| Other long-term liabilities | 501 | 556 |
| Total Liabilities | 14,760 | 14,483 |
| Commitments and contingent liabilities (Note 16) | ||
| Redeemable noncontrolling interest | 126 | 135 |
| Shareholders' Equity (Deficit): | ||
| Common Stock and additional paid-in capital | 183 | 162 |
| Treasury Stock | (1,927) | (1,575) |
| Accumulated deficit | (2,419) | (2,865) |
| Accumulated other comprehensive income (loss) | (689) | (592) |
| Total Shareholders' Equity (Deficit) | (4,852) | (4,870) |
| Noncontrolling interest | 101 | 71 |
| Total Equity (Deficit) | (4,751) | (4,799) |
| Total Liabilities and Equity (Deficit) | $ 10,135 | $ 9,819 |
Otis Worldwide Corporation manufactures, installs, and services 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.