Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates through 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. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
IPO Year: 2020
Exchange: NYSE
Website: otis.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2025 | $109.00 | Neutral → Overweight | Analyst |
| 7/14/2025 | $109.00 | Hold | Deutsche Bank |
| 12/12/2024 | $104.00 | Peer Perform → Underperform | Wolfe Research |
| 12/5/2024 | $94.00 | Equal Weight → Underweight | Barclays |
| 11/13/2024 | $97.00 → $113.00 | Neutral | UBS |
| 10/8/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/6/2024 | $97.00 | Equal-Weight | Morgan Stanley |
| 4/2/2024 | Hold | Melius | |
| 2/22/2024 | $102.00 | Hold → Buy | Argus |
| 1/2/2024 | Buy → Hold | Vertical Research |
FARMINGTON, Conn., July 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) will host a conference call on Wednesday, July 23, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's second quarter results and 2025 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the website later in the day. If you are unable to join via the webcast, please contact Otis investor relations ([email protected]) for alternative dial-in information. Additional inves
CAIRO, July 8, 2025 /PRNewswire/ -- To enhance the quality of life for its residents, Tatweer Misr, one of Egypt's leading real estate developers, has selected Otis (NYSE:OTIS), the world's leading elevator and escalator manufacturing, installation and service company, to supply and install smart vertical mobility solutions across its urban communities. Tatweer Misr's current engagement with Otis represents six projects and 1,250 elevators over six years. Since its establishment in 2014, Tatweer Misr has been at the forefront of real estate development in Egypt, continuously s
Elevator is first of three on site to be modernized with new Otis elevators SEATTLE, May 23, 2025 /PRNewswire/ -- A new, double-deck glass elevator from Otis opened for its first rides to passengers Friday as part of a new experience at the iconic Space Needle. Visitors to the tower can now soar above Seattle in a floor-to-ceiling glass, double-deck elevator, completely transforming the trip to the top. It's the first of three elevators on site that Otis (NYSE:OTIS), the world's leading elevator and escalator manufacturing, installation and service company, will modernize. The
Team from Pembroke Pines Charter High School in Florida proposes smartphone app that uses Artificial Intelligence to aid visually impaired people; wins grants to support STEM programming at school FARMINGTON, Conn., May 7, 2025 /PRNewswire/ -- Students from Pembroke Pines Charter High School in Pembroke Pines, Florida are the first-ever global winners of the Otis Made to Move Communities student challenge for their idea to develop a smartphone app that uses Artificial Intelligence to aid visually impaired people. More than 250 students from 28 schools across 16 countries and
Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4%GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bpsGAAP EPS down 29% and adjusted EPS up 5%Maintenance portfolio units up 4%Modernization orders up 12%, backlog up 13%, up 14% at constant currencyGAAP cash flow from operations of $190 million; adjusted free cash flow of $186 millionShare repurchases of approximately $250 millionFARMINGTON, Conn., April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus t
FARMINGTON, Conn., April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, representing an 8% increase. The dividend will be payable on June 6, 2025, to shareholders of record at the close of business on May 16, 2025. "We are pleased to announce a dividend increase for the fifth consecutive year, which demonstrates our commitment to creating value for our shareholders through our disciplined capital allocation strategy," said Judy Marks, Otis Chair, CEO and President. "Our dividend has increased approximately 110% since our spin in 2020, supported by the strength of our Service
FARMINGTON, Conn., April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's first quarter results and 2025 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the website later in the day. If you are unable to join via the webcast, please contact Otis investor relations ([email protected]) for alternative dial-in information. Additional inve
FARMINGTON, Conn., Jan. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on March 7, 2025, to shareholders of record at the close of business on February 14, 2025. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, inst
Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum Fourth quarter 2024 Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8%GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansionMaintenance portfolio units increased 4.2%Modernization orders up 18%; backlog up 10%, 13% at constant currencyGAAP cash flow from operations of $690 million; adjusted free cash flow of $682 million; share repurchases of $200 millionFull year 2024 Net sales up 0.4% and organic sales up 1.4%, driven by Service sales up 5.9% and Service organic sal
FARMINGTON, Conn., Jan. 16, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) today announced that its Board of Directors has authorized the repurchase of $2 Billion of Common Stock under a share repurchase program, effective January 16, 2025. In conjunction with the new authorization, the Board of Directors cancelled the remaining approximately $100 million authorized under the prior program, approved December 1, 2022. Share repurchases may take place from time to time, subject to market conditions and at the company's discretion, in the open market, through privately negotiated transactions or other means. About OtisOtis is the world's leading elevator and escalator manufacturin
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Analyst upgraded Otis Worldwide from Neutral to Overweight and set a new price target of $109.00
Deutsche Bank initiated coverage of Otis Worldwide with a rating of Hold and set a new price target of $109.00
Wolfe Research downgraded Otis Worldwide from Peer Perform to Underperform and set a new price target of $104.00
Barclays downgraded Otis Worldwide from Equal Weight to Underweight and set a new price target of $94.00
UBS resumed coverage of Otis Worldwide with a rating of Neutral and set a new price target of $113.00 from $97.00 previously
Wolfe Research downgraded Otis Worldwide from Outperform to Peer Perform
Morgan Stanley initiated coverage of Otis Worldwide with a rating of Equal-Weight and set a new price target of $97.00
Melius initiated coverage of Otis Worldwide with a rating of Hold
Argus upgraded Otis Worldwide from Hold to Buy and set a new price target of $102.00
Vertical Research downgraded Otis Worldwide from Buy to Hold
FARMINGTON, Conn., July 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) will host a conference call on Wednesday, July 23, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's second quarter results and 2025 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the website later in the day. If you are unable to join via the webcast, please contact Otis investor relations ([email protected]) for alternative dial-in information. Additional inves
Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4%GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bpsGAAP EPS down 29% and adjusted EPS up 5%Maintenance portfolio units up 4%Modernization orders up 12%, backlog up 13%, up 14% at constant currencyGAAP cash flow from operations of $190 million; adjusted free cash flow of $186 millionShare repurchases of approximately $250 millionFARMINGTON, Conn., April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus t
FARMINGTON, Conn., April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, representing an 8% increase. The dividend will be payable on June 6, 2025, to shareholders of record at the close of business on May 16, 2025. "We are pleased to announce a dividend increase for the fifth consecutive year, which demonstrates our commitment to creating value for our shareholders through our disciplined capital allocation strategy," said Judy Marks, Otis Chair, CEO and President. "Our dividend has increased approximately 110% since our spin in 2020, supported by the strength of our Service
FARMINGTON, Conn., April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's first quarter results and 2025 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the website later in the day. If you are unable to join via the webcast, please contact Otis investor relations ([email protected]) for alternative dial-in information. Additional inve
FARMINGTON, Conn., Jan. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on March 7, 2025, to shareholders of record at the close of business on February 14, 2025. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, inst
Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum Fourth quarter 2024 Net sales up 1.5% and organic sales up 1.9%, driven by Service sales up 7.6% and Service organic sales up 7.8%GAAP EPS up 6.3% and adjusted EPS up 6.9% with continued margin expansionMaintenance portfolio units increased 4.2%Modernization orders up 18%; backlog up 10%, 13% at constant currencyGAAP cash flow from operations of $690 million; adjusted free cash flow of $682 million; share repurchases of $200 millionFull year 2024 Net sales up 0.4% and organic sales up 1.4%, driven by Service sales up 5.9% and Service organic sal
FARMINGTON, Conn., Jan. 16, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) today announced that its Board of Directors has authorized the repurchase of $2 Billion of Common Stock under a share repurchase program, effective January 16, 2025. In conjunction with the new authorization, the Board of Directors cancelled the remaining approximately $100 million authorized under the prior program, approved December 1, 2022. Share repurchases may take place from time to time, subject to market conditions and at the company's discretion, in the open market, through privately negotiated transactions or other means. About OtisOtis is the world's leading elevator and escalator manufacturin
FARMINGTON, Conn., Jan. 8, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) will host a conference call on Wednesday, January 29, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's full year and fourth quarter results and 2025 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the website later in the day. If you are unable to join via the webcast, please contact Otis investor relations ([email protected]) for alternative dial-in information.
FARMINGTON, Conn., Oct. 31, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on December 6, 2024, to shareholders of record at the close of business on November 15, 2024. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the dive
Otis delivers continued strong Service performance with high single digit Service sales growth GAAP EPS up 47.3% and adjusted EPS up 1.1%Service net sales up 7.2% and Service organic sales up 7.7%Maintenance portfolio units increased 4.2%Mod orders up 3%, backlog up 14%, up 12% at constant currencyGAAP cash flow from operations of $394 million; adjusted free cash flow of $381 millionShare repurchases of $200 millionYTD GAAP EPS up 24.2% and YTD adjusted EPS up 8.2%, share repurchases of $800 millionUpdated full-year outlook1: adjusted EPS of ~$3.85 with ~6.5% Service organic sales growth and ~75 basis points of Service margin expansionFARMINGTON, Conn., Oct. 30, 2024 /PRNewswire/ -- Otis Wor
She succeeds Anurag Maheshwari to lead financial activities at Otis FARMINGTON, Conn., July 19, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Cristina Méndez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO & President, Judy Marks. Effective August 23, Méndez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis. "Cristina has deep expertise in financial management and extensive experience leading transformation within and outside Otis. She understands our long-term strategy and service-driven business model and how to drive growth and shareholder value," said Marks. "As a strategi
Reinforces commitment to ESG in support of its business strategy FARMINGTON, Conn., June 12, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) published its 2023 ESG Report, describing its Environmental, Social and Governance (ESG) strategy and outlining progress on its 13 ESG goals. The Otis ESG strategy focuses on the key areas of Health & Safety, Environment & Impact, People & Communities, and Governance & Accountability. Progress made in each helps to drive value for stakeholders and to advance the company's business strategy across five strategic pillars: sustain New Equipment growth, accelerate Service portfolio growth, deliver modernization value, advance digitalization, an
NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- EXL (NASDAQ:EXLS), a leading data analytics and digital operations and solutions company, announced today that Thomas Bartlett has been appointed to EXL's board of directors as an independent director, effective March 6, 2024. Bartlett will serve on the board's audit committee and nominating and governance committee. The company also announced that Som Mittal has notified the board that he will not stand for re-election at EXL's 2024 annual meeting of stockholders and therefore will be retiring from the board in June 2024. "We are excited to welcome Tom to the board," said Board Chair Vikram Pandit. "Tom brings a tremendous amount of experien
Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (
Jim Cramer and Bernardo Calleja to retire in early 2024 FARMINGTON, Conn., Sept. 28, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Tracy Embree as President, Otis Americas and Enrique Miñarro Viseras as President, Otis Europe, Middle East and Africa (EMEA), reporting directly to Otis Chair, CEO & President, Judy Marks. Effective Oct. 1, Embree will succeed Jim Cramer and Miñarro Viseras will succeed Bernardo Calleja. Otis is the world's leading company for elevator and escalator manufacturing, installation and service. Embree joins O
She succeeds Perry Zheng who will assume a new executive leadership role at Otis World Headquarters FARMINGTON, Conn., Feb. 27, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Sally Loh as President, Otis China, reporting directly to Otis Chair, CEO & President, Judy Marks. Effective March 1, Loh will succeed Perry Zheng, who will return to Otis World Headquarters in the newly created role of Executive Vice President, Chief Product, Delivery and Customer Officer. March 1: Sally Loh will be President Otis China. Perry Zheng will be EVP, Chief Product, Delivery & Customer Officer."Sally's years of experience and deep knowledge of our operations and tea
He succeeds Rahul Ghai to lead financial activities at Otis FARMINGTON, Conn., June 27, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Anurag Maheshwari as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO & President, Judy Marks. Effective August 12, Maheshwari will succeed Rahul Ghai, who has accepted a position outside Otis. "Anurag has championed our long-term strategy and understands how to drive growth and shareholder value. He has successfully led our finance teams in the highly diverse
RICHMOND, Va., March 17, 2022 (GLOBE NEWSWIRE) -- The Brink's Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced that Mark Eubanks, executive vice president and chief operating officer (COO), has been appointed president and chief executive officer (CEO), effective May 6, 2022. At that time, Doug Pertz, who has served as president and CEO since July 2016, will transition to executive chairman of the board. In connection with this leadership transition, Mike Herling, who has served as chairman since 2016 and as a director since 2009, will become the board's independent lead director. The board also nominated E
RICHMOND, Va., Aug. 03, 2021 (GLOBE NEWSWIRE) -- The Brink's Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced that, effective September 7, Mark Eubanks will join the company as executive vice president and chief operating officer, with oversight responsibilities for the company's four regional operating segments. Eubanks, 49, most recently served as president, Europe, Middle East and Africa for Otis Worldwide Corporation (NYSE:OTIS), the leading elevator and escalator manufacturing, installation and service company, and was based in Paris, France. The hiring of Eubanks is part of the company's CEO success
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