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OTIS

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

93.51USD+1.10 (+1.19%)Market Closed
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Market Summary

USD93.51+1.10
Market Closed
1.19%

OTIS Alerts

  • 3 major insider sales recently.

OTIS Stock Price

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OTIS RSI Chart

OTIS Valuation

Market Cap

37.5B

Price/Earnings (Trailing)

26.65

Price/Sales (Trailing)

2.64

EV/EBITDA

20.69

Price/Free Cashflow

23.03

OTIS Price/Sales (Trailing)

OTIS Profitability

EBT Margin

14.29%

Return on Equity

710.1%

Return on Assets

13.9%

Free Cashflow Yield

4.34%

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

0.2%

Last 30 days

5.8%

Last 90 days

7.9%

Trailing 12 Months

9.6%

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

1.42%

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
Feb 20, 2024
lafreniere nora e.
sold
-2,008,830
90.8727
-22,106
evp, general counsel
Feb 20, 2024
lafreniere nora e.
acquired
809,632
54.6643
14,811
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.
sold (taxes)
-809,555
90.9
-8,906
evp, general counsel
Feb 07, 2024
maheshwari anurag
sold (taxes)
-75,802
91.77
-826
evp & cfo
Feb 07, 2024
ryan michael patrick
sold (taxes)
-10,461
91.77
-114
svp, cao & controller
Feb 07, 2024
luersman abbe
sold (taxes)
-55,704
91.77
-607
evp & cpo
Feb 07, 2024
marks judith fran
sold
-3,426,360
91.83
-37,312
chair, ceo & president
Feb 07, 2024
green neil
acquired
-
-
578
evp and chief digital officer
Feb 07, 2024
de montlivault stephane
acquired
-
-
1,556
president, otis asia pac

1–10 of 50

Which funds bought or sold OTIS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 21, 2024
Raleigh Capital Management Inc.
new
-
3,131
3,131
-%
Feb 21, 2024
V-Square Quantitative Management LLC
added
93.5
461,292
860,433
0.15%
Feb 20, 2024
Pacific Center for Financial Services
unchanged
-
229
2,237
-%
Feb 20, 2024
Quarry LP
reduced
-55.14
-59,379
59,319
0.01%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
reduced
-17.99
-22,420,000
237,200,000
0.03%
Feb 16, 2024
Sanibel Captiva Trust Company, Inc.
new
-
1,024,880
1,024,880
0.04%
Feb 16, 2024
VIMA LLC
new
-
54,450
54,450
0.12%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
1.81
1,899,780
16,059,800
0.06%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-257,000
-
-%
Feb 16, 2024
SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/
sold off
-100
-508,282
-
-%

1–10 of 47

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
Feb 21, 2024
144
Notice of Insider Sale Intent
Feb 20, 2024
144
Notice of Insider Sale Intent
Feb 20, 2024
144
Notice of Insider Sale Intent
Feb 20, 2024
4
Insider Trading
Feb 20, 2024
4
Insider Trading
Feb 12, 2024
SC 13G/A
Major Ownership Report
Feb 08, 2024
4
Insider Trading
Feb 08, 2024
4
Insider Trading
Feb 08, 2024
4
Insider Trading
Feb 08, 2024
4
Insider Trading

What is the Fair Value of OTIS?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

Peers (Alternatives to Otis Worldwide Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
165.2B
67.1B
10.85% 29.98%
18.13
2.46
12.84% 23.65%
165.1B
68.0B
14.92% 83.49%
17.41
2.43
16.96% 2688.24%
41.2B
6.5B
6.39% 20.39%
31.36
6.34
7.68% 13.25%
37.3B
34.1B
12.37% 8.60%
12.95
1.09
21.34% 48.38%
12.1B
14.9B
-1.46% -0.69%
196.34
0.81
12.31% -81.65%
MID-CAP
8.3B
6.9B
10.82% 63.71%
55.14
1.2
15.17% 127.27%
6.1B
15.5B
11.76% 18.10%
43.95
0.39
12.59% -4.48%
5.5B
4.3B
6.48% 17.09%
29.4
1.27
19.51% -1.03%
4.0B
2.2B
5.04% 43.94%
14.03
1.81
-1.69% 185.56%
2.6B
1.7B
7.02% 39.98%
19.1
1.54
11.63% 33.59%
SMALL-CAP
1.1B
1.3B
-11.75% -57.40%
22.94
0.85
-33.72% -55.64%
711.5M
56.2M
5.71% -69.42%
-0.69
13.57
-64.67% -43.40%
617.7M
527.6M
1.71% 19.68%
18.18
1.17
14.23% 56.70%
400.8M
135.4M
41.25% 149.65%
-24.44
2.96
-25.90% 65.37%
108.5M
94.5M
32.09% 9.94%
-5.8
1.15
-10.30% -26446.48%

Otis Worldwide Corp News

Latest updates
MarketWatch21 minutes ago

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-0.1%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 Expenses100.0%--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-21.8%1,2801,6361,2191,1171,1891,0341,2181,2353,4771,5531,9231,7251,7821,7331,9121,2071,459
  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 Debt-100.0%-6,8226,1176,1166,0986,4596,6026,6947,2495,4585,4575,4575,2625,5126,2606,2585.00
    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-100.0%-19818317216213412112111910286.0068.0059.0036.0019.008.002,128
  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 Depreciation3.0%1,2321,1961,2051,1831,1511,0791,1411,1441,1561,1731,1631,1271,1971,1541,1241,0881,082
Shares Outstanding-100.0%-411414414420419421424428429428432433433433433433
Minority Interest25.5%69.0055.0010190.0071.0052.00109107481559539559467543570537531
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 Thu Feb 22 2024, market cap of Otis Worldwide Corp is 37.47 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 Feb 22 2024, OTIS's PE ratio (Price to Earnings) is 26.65 and Price to Sales (PS) ratio is 2.64. 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.