Otis WorldwideOTIS
Market Cap: $36.6B
About: Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
Employees: 71,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
204% more call options, than puts
Call options by funds: $142M | Put options by funds: $46.6M
0.05% less ownership
Funds ownership: 87.77% [Q1] → 87.72% (-0.05%) [Q2]
3% less capital invested
Capital invested by funds: $35.3B [Q1] → $34.4B (-$885M) [Q2]
1% less funds holding
Funds holding: 1,173 [Q1] → 1,157 (-16) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 386 | Existing positions reduced: 442
17% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 94
25% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 6 (-2) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 6%upside $97 | Equal-Weight Initiated | 6 Sept 2024 |
Wells Fargo Joseph O'Dea 56% 1-year accuracy 14 / 25 met price target | 4%upside $95 | Equal-Weight Maintained | 25 Jul 2024 |
Wells Fargo Joseph O'Dea 56% 1-year accuracy 14 / 25 met price target | 9%upside $100 | Equal-Weight Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 4 articles about OTIS published over the past 30 days