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OTIS

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

97.14USD-0.30 (-0.31%)Market Closed

Market Summary

OTIS
USD97.14-0.30
Market Closed
-0.31%

OTIS Alerts

  • 1 major insider sales recently.

OTIS Stock Price

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OTIS RSI Chart

OTIS Valuation

Market Cap

39.4B

Price/Earnings (Trailing)

27.59

Price/Sales (Trailing)

2.76

EV/EBITDA

21.81

Price/Free Cashflow

25.92

OTIS Price/Sales (Trailing)

OTIS Profitability

EBT Margin

14.34%

Return on Equity

-28.91%

Return on Assets

14.58%

Free Cashflow Yield

3.86%

OTIS Fundamentals

OTIS Revenue

Revenue (TTM)

14.3B

Rev. Growth (Yr)

2.72%

Rev. Growth (Qtr)

-5.06%

OTIS Earnings

Earnings (TTM)

1.4B

Earnings Growth (Yr)

6.65%

Earnings Growth (Qtr)

9.29%

Breaking Down OTIS Revenue

Last 7 days

-2.0%

Last 30 days

0.4%

Last 90 days

-1.1%

Trailing 12 Months

11.4%

How does OTIS drawdown profile look like?

OTIS Financial Health

Current Ratio

0.97

Debt/Equity

-1.39

Debt/Cashflow

0.22

OTIS Investor Care

Dividend Yield

1.4%

Dividend/Share (TTM)

1.36

Buy Backs (1Y)

2.41%

Diluted EPS (TTM)

3.46

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202414.3B000
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
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Tracking the Latest Insider Buys and Sells of Otis Worldwide Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 01, 2024
loh sally
acquired
-
-
1,120
president, otis china
May 07, 2024
zheng peiming
acquired
2,550,160
62.6775
40,687
evp, chief product, delivery
May 07, 2024
zheng peiming
sold (taxes)
-2,550,020
94.01
-27,125
evp, chief product, delivery
May 07, 2024
zheng peiming
sold
-2,844,680
93.686
-30,364
evp, chief product, delivery
Mar 01, 2024
zheng peiming
acquired
-
-
301
evp, chief product, delivery
Mar 01, 2024
loh sally
acquired
-
-
1,207
president, otis china
Mar 01, 2024
zheng peiming
sold (taxes)
-13,395
95.68
-140
evp, chief product, delivery
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
acquired
4,184,250
65.1275
64,247
president, otis asia pacific
Feb 21, 2024
de montlivault stephane
sold
-1,675,630
91.1013
-18,393
president, otis asia pacific

1–10 of 50

Which funds bought or sold OTIS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
reduced
-2.5
-1,416
231,518
0.02%
Jun 07, 2024
Railway Pension Investments Ltd
reduced
-15.76
-3,817,440
54,588,600
0.53%
Jun 04, 2024
DekaBank Deutsche Girozentrale
added
11.04
3,292,000
16,344,000
0.03%
Jun 03, 2024
CACTI ASSET MANAGEMENT LLC
reduced
-3.51
180,510
3,747,080
0.30%
May 30, 2024
CAMBRIDGE TRUST CO
reduced
-8.82
5,640
487,615
0.02%
May 29, 2024
Clean Yield Group
unchanged
-
1,607
16,280
0.01%
May 29, 2024
Soltis Investment Advisors LLC
added
0.36
60,058
589,291
0.07%
May 28, 2024
Boston Partners
reduced
-37.04
-86,419,900
200,392,000
0.24%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-5.99
137,000
3,322,000
0.03%
May 24, 2024
Cetera Investment Advisers
added
259
3,447,830
4,603,220
0.01%

1–10 of 48

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
Jun 03, 2024
4
Insider Trading
May 30, 2024
SD
SD
May 20, 2024
8-K
Current Report
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading

Peers (Alternatives to Otis Worldwide Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
170.4B
69.5B
-2.69% 48.71%
48.54
2.45
16.04% -60.91%
161.1B
67.0B
-8.91% 34.10%
14.33
2.41
8.59% 58.17%
40.3B
6.7B
3.22% 13.25%
30.54
5.98
7.11% 10.53%
38.2B
34.0B
-8.42% 15.37%
18.52
1.12
12.85% -19.64%
11.9B
15.3B
-4.30% 1.52%
-864.29
0.78
13.36% -103.70%
MID-CAP
10.5B
6.9B
3.51% 50.67%
61.09
1.52
3.19% 62.26%
7.6B
15.5B
14.40% 50.73%
24.93
0.49
7.53% 3145.00%
6.2B
4.4B
-4.30% 30.53%
26.66
1.41
17.31% 1.26%
4.1B
2.4B
-3.11% 15.65%
28.84
1.75
4.48% -49.27%
2.1B
1.7B
-10.67% -3.35%
15.87
1.26
8.96% 15.52%
SMALL-CAP
1.8B
1.4B
15.28% -30.43%
30.92
1.29
-13.54% -25.70%
1.0B
627.3M
13.44% 90.82%
26.85
1.63
36.84% 37.55%
974.4M
145.6M
87.74% 289.07%
-47.2
6.69
37.42% 67.34%
664.7M
35.8M
-12.50% -54.63%
-0.7
18.55
-27.93% -18.06%
210.8M
100.1M
-14.21% 326.03%
-25.84
2.11
2.80% 39.07%

Otis Worldwide Corp News

Latest updates
MarketWatch24 hours ago
Defense World12 Jun 202406:43 am
Defense World11 Jun 202409:42 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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-5.1%3,4373,6203,5233,7203,3463,4393,3443,4883,4143,5693,6203,7013,4083,4933,2683,0292,9663,3533,3133,3513,101
Costs and Expenses-5.8%2,9073,0872,9653,1522,8402,9652,8272,9822,9043,0793,0783,1492,9063,0582,8072,6162,5722,9132,8212,8512,680
  S&GA Expenses-7.2%462498452479455448417439459503479484482537481441465481444444441
  R&D Expenses-2.7%36.0037.0036.0036.0035.0038.0037.0038.0037.0046.0039.0039.0035.0040.0037.0037.0038.0045.0039.0040.0039.00
EBITDA Margin-0.3%0.15*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*----
Interest Expenses-7.3%-44.00-41.00-39.00-37.00-33.00-36.00-35.00-35.00-37.00-44.00-33.00-27.00-32.00-37.00-39.00-41.00-5.005.006.003.001.00
Income Taxes-5.3%126133137135128137143103136137128153123118103109125183143143125
Earnings Before Taxes4.8%500477532542480455493451489447507532475397413374327437504495425
EBT Margin0.3%0.14*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*----
Net Income9.3%353323376376331297324321311281331326308251266224165218317308273
Net Income Margin0.9%0.10*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*----
Free Cashflow-71.4%171597306446278464239353504277355533585309348664159----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Assets-3.2%9,79110,11710,39010,1359,8459,8199,3429,91311,79512,27910,47210,85710,50510,71010,47310,4419,5249,687
  Current Assets-4.1%6,1386,4006,7496,4176,1536,1435,8296,1507,8448,2616,3756,6816,3466,4936,2716,3925,5145,658
    Cash Equivalents-30.6%8841,2741,6361,2191,1171,1951,0341,2181,2351,5651,5531,9231,7251,8011,7331,9121,2071,459
  Inventory-3.1%593612624640642617603596626622628673686659667629599571
  Net PPE-1.9%713727708715719719692724757774775781765774721704688721
  Goodwill-0.8%1,5751,5881,5471,5791,5701,5671,4481,5501,6361,6671,7021,7421,7271,7731,7001,6391,6081,647
Liabilities-1.6%14,60714,83715,00014,76014,48314,48314,07514,66515,14515,26313,70514,11113,79113,91113,85614,01713,7137,361
  Current Liabilities-2.5%6,3186,4796,7497,1586,8236,8435,9926,3386,6516,2476,3636,7166,3956,6736,2915,7625,3555,374
  Short Term Borrowings9.4%35.0032.00----10381.0051.0024.0038.0034334170153833.0067.0034.00
  Long Term Debt-0.3%6,8466,8666,8226,1176,1166,0986,4596,6026,6947,2495,4585,4575,4575,2625,5126,2606,2585.00
    LT Debt, Non Current-0.3%6,8466,8666,8226,1176,1166,0986,4596,6026,6947,2495,4585,4575,4575,2625,5126,260-5.00
Shareholder's Equity-1.8%-4,940-4,855---4,767-4,799-----------2,128
  Retained Earnings10.5%-1,794-2,005-2,183-2,419-2,653-2,865-3,042-3,245-3,529-2,256-2,404-2,633-2,855-3,106-3,241-3,418--
Accumulated Depreciation0.5%1,2381,2321,1961,2051,1831,1511,0791,1411,1441,1561,1731,1631,1271,1971,1541,1241,0881,082
Shares Outstanding-1.5%405411413414414420421423424428429428432433433433--
Minority Interest21.7%84.0069.0055.0010190.0071.0052.00109107481559539559467543570537531
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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-71.4%171597306446278464239353504277355533585309348664159454364354297
  Share Based Compensation6.7%16.0015.0015.0019.0015.0026.0013.0015.0013.0017.0017.0017.0014.0019.0017.0016.0011.008.0013.009.007.00
Cashflow From Investing-54.9%-79.00-51.00-41.00-70.00-21.00-95.0072.007.00-17.00-20.00-2.00-17.00-50.00-64.00-147-50.00-92.00-53.00-58.00-74.00-18.00
Cashflow From Financing49.9%-467-932167-244-341-250-465-2,114-8231,679-705-342-574-255-40976.00-256-439-341-41.00-312
  Dividend Payments-0.7%13813913914112012012112210210210210287.0087.0086.0087.00-----
  Buy Backs34.8%300223228177175150300200200-219206300--------
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OTIS Income Statement

2024-03-31
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net sales:  
Revenues$ 3,437$ 3,346
Costs and expenses:  
Research and development3635
Selling, general and administrative462455
Costs and expenses2,9072,840
Other income (expense), net147
Operating profit544513
Non-service pension cost (benefit)00
Interest expense (income), net4433
Net income before income taxes500480
Income tax expense126128
Net income374352
Less: Noncontrolling interest in subsidiaries' earnings2121
Net income attributable to Otis Worldwide Corporation$ 353$ 331
Earnings per share (Note 2):  
Basic (in usd per share)$ 0.87$ 0.80
Diluted (in usd per share)$ 0.86$ 0.79
Weighted average number of shares outstanding:  
Basic shares (in shares)405,200,000414,300,000
Diluted shares (in shares)408,100,000417,800,000
Product sales  
Net sales:  
Revenues$ 1,280$ 1,307
Costs and expenses:  
Cost of products and services sold1,0671,098
Service sales  
Net sales:  
Revenues2,1572,039
Costs and expenses:  
Cost of products and services sold$ 1,342$ 1,252

OTIS Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets  
Cash and cash equivalents$ 884$ 1,274
Accounts receivable (net of allowance for expected credit losses of $133 and $130)3,6543,538
Contract assets716717
Inventories593612
Other current assets291259
Total Current Assets6,1386,400
Future income tax benefits303323
Fixed assets (net of accumulated depreciation of $1,238 and $1,232)713727
Operating lease right-of-use assets405416
Intangible assets, net343335
Goodwill1,5751,588
Other assets314328
Total Assets9,79110,117
Liabilities and Equity (Deficit)  
Short-term borrowings and current portion of long-term debt3532
Accounts payable1,6411,878
Accrued liabilities1,6911,873
Contract liabilities2,9512,696
Total Current Liabilities6,3186,479
Long-term debt6,8466,866
Future pension and postretirement benefit obligations452462
Operating lease liabilities284292
Future income tax obligations255245
Other long-term liabilities452493
Total Liabilities14,60714,837
Commitments and contingent liabilities (Note 16)
Redeemable noncontrolling interest124135
Shareholders' Equity (Deficit):  
Common Stock and additional paid-in capital210213
Treasury Stock(2,684)(2,382)
Accumulated deficit(1,794)(2,005)
Accumulated other comprehensive income (loss)(756)(750)
Total Shareholders' Equity (Deficit)(5,024)(4,924)
Noncontrolling interest8469
Total Equity (Deficit)(4,940)(4,855)
Total Liabilities and Equity (Deficit)$ 9,791$ 10,117
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
 WEBSITEotis.com
 INDUSTRYApparel Manufacturing
 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 Thu Jun 13 2024, market cap of Otis Worldwide Corp is 39.4 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 Thu Jun 13 2024, OTIS's PE ratio (Price to Earnings) is 27.59 and Price to Sales (PS) ratio is 2.76. 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.