Otis WorldwideOTIS
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 Q3 regulatory filings by fund managers ($100M+ AUM)
72% more call options, than puts
Call options by funds: $167M | Put options by funds: $97.4M
33% more funds holding in top 10
Funds holding in top 10: 6 [Q2] → 8 (+2) [Q3]
4% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 91
4% more capital invested
Capital invested by funds: $35.5B [Q2] → $36.9B (+$1.37B) [Q3]
0% more funds holding
Funds holding: 1,168 [Q2] → 1,172 (+4) [Q3]
2.59% less ownership
Funds ownership: 90.54% [Q2] → 87.95% (-2.59%) [Q3]
28% less repeat investments, than reductions
Existing positions increased: 347 | Existing positions reduced: 482
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barclays Julian Mitchell 61% 1-year accuracy 62 / 101 met price target | 0%upside $94 | Underweight Downgraded | 5 Dec 2024 |
UBS Chris Snyder 79% 1-year accuracy 11 / 14 met price target | 21%upside $113 | Neutral Assumed | 13 Nov 2024 |
Wells Fargo Joseph O'Dea 70% 1-year accuracy 19 / 27 met price target | 12%upside $105 | Equal-Weight Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 3 articles about OTIS published over the past 30 days
