Otis WorldwideOTIS
OTIS
About: Otis Worldwide Corp 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: 72,000
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
243% more call options, than puts
Call options by funds: $186M | Put options by funds: $54.1M
28% more first-time investments, than exits
New positions opened: 133 | Existing positions closed: 104
1% less funds holding
Funds holding: 1,177 [Q3] → 1,168 (-9) [Q4]
8% less repeat investments, than reductions
Existing positions increased: 370 | Existing positions reduced: 403
4.56% less ownership
Funds ownership: 94.97% [Q3] → 90.41% (-4.56%) [Q4]
15% less capital invested
Capital invested by funds: $39.8B [Q3] → $33.7B (-$6.12B) [Q4]
38% less funds holding in top 10
Funds holding in top 10: 8 [Q3] → 5 (-3) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$91
7%
downside
Avg. target
$97
1%
downside
High target
$105
7%
upside
3 analyst ratings
0 positive
0%
2 neutral
67%
1 negative
33%
JP Morgan Stephen Tusa 65% 1-year accuracy 20 / 31 met price target | 7%upside $105 | Neutral Maintained | 30 Jan 2025 |
Wells Fargo Joseph O'Dea 50% 1-year accuracy 18 / 36 met price target | 3%downside $95 | Equal-Weight Maintained | 30 Jan 2025 |
Barclays Julian Mitchell 55% 1-year accuracy 63 / 115 met price target | 7%downside $91 | Underweight Maintained | 8 Jan 2025 |
Financial journalist opinion
Based on 11 articles about OTIS published over the past 30 days
Neutral
Zacks Investment Research
2 weeks ago
Otis Worldwide (OTIS) International Revenue in Focus: Trends and Expectations
Examine Otis Worldwide's (OTIS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Neutral
PRNewsWire
3 weeks ago
Otis Declares Quarterly Dividend of $0.39 per Share
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.
Negative
Zacks Investment Research
3 weeks ago
Otis Worldwide Earnings Miss Estimates in Q4, Stock Price Decreases
OTIS Q4 results hurt by a dismal New Equipment segment performance but gain from the Service segment. Dive in to get a clear picture about the quarter.
Neutral
Seeking Alpha
3 weeks ago
Otis Worldwide Corporation (OTIS) Q4 2024 Earnings Call Transcript
Otis Worldwide Corporation (NYSE:OTIS ) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Rob Quartaro - Vice President, Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President and Chief Financial Officer Conference Call Participants Joseph O'Dea - Wells Fargo Rob Wertheimer - Melius Research Amit Mehrotra - UBS Nigel Coe - Wolfe Research Julian Mitchell - Barclays Jeffrey Sprague - Vertical Research Partners Steve Tusa - JPMorgan Chris Snyder - Morgan Stanley Nick Housden - RBC Capital Markets Miguel Borrega - BNP Paribas Operator Good morning and welcome to Otis' Fourth Quarter 2024 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay.
Positive
Zacks Investment Research
3 weeks ago
Otis Worldwide (OTIS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
3 weeks ago
Otis Worldwide (OTIS) Q4 Earnings Miss Estimates
Otis Worldwide (OTIS) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.87 per share a year ago.
Neutral
PRNewsWire
3 weeks ago
OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
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 expansion Maintenance portfolio units increased 4.2% Modernization orders up 18%; backlog up 10%, 13% at constant currency GAAP cash flow from operations of $690 million; adjusted free cash flow of $682 million; share repurchases of $200 million Full year 2024 Net sales up 0.4% and organic sales up 1.4%, driven by Service sales up 5.9% and Service organic sales up 6.8% GAAP EPS up 20.1% and adjusted EPS up 8.2% GAAP cash flow from operations of $1.6 billion, adjusted free cash flow of $1.6 billion; share repurchases of $1.0 billion Outlook for full year 2025*: Organic sales up 2 to 4%, adjusted earnings per share of $4.00 to $4.10 and adjusted free cash flow of approximately $1.6 billion FARMINGTON, Conn. , Jan. 29, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported full year net sales of $14.3 billion with 1.4% organic growth.
Positive
Seeking Alpha
3 weeks ago
Otis Worldwide: A Boring Dividend Growth Stock I Just Bought (Rating Upgrade)
Otis Worldwide Corporation, despite international headwinds, shows resilience with projected net sales and EPS growth of 1.2% and 9% respectively, driven by strong financials and buybacks. The company faces challenges, particularly in China, but maintains a solid balance sheet, minimal CAPEX, and a strong dividend growth track record. Lower interest rates and frequent buybacks provide tailwinds, positioning Otis for potential upside with a 2026 price target of $115 per share.
Positive
Seeking Alpha
3 weeks ago
Can The Magnificent 7 Maintain An Upbeat Earnings Season?
The Q4 earnings season continued on a positive note after big banks and other financials struck a bullish tone in the first two weeks of reporting. Highly anticipated reports from the Magnificent 7 will be in focus over the next couple of weeks. Southwest Airlines is set to report their Q4 2024 results on Thursday, January 30, a week later than expected.
Neutral
Zacks Investment Research
3 weeks ago
Otis Worldwide to Report Q4 Earnings: Here's What to Expect
Dive in to know more about the factors likely to influence OTIS' fourth-quarter 2024 results.
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