Otis Worldwide (OTIS)

• Market cap: $38.1B
• 1 day: 0.77%
• 5 days: 4.23%
• 1 month: 2.13%
• 3 months: -9.50%
• 6 months: -3.99%
• Year to date: 3.53%
• 1 year: 8.60%
• 5 years: 111.05%
• 10 years: 111.05%
• Sector: Industrials
• Industry: Electronic & Other Electrical Equipment, Except Computer Equipment

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]

30% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 73

6% more capital invested

Capital invested by funds: $37.4B [Q2] → $39.8B (+$2.37B) [Q3]

0% more funds holding

Funds holding: 1,168 [Q2] → 1,172 (+4) [Q3]

0.5% less ownership

Funds ownership: 95.46% [Q2] → 94.96% (-0.5%) [Q3]

28% less repeat investments, than reductions

Existing positions increased: 347 | Existing positions reduced: 482

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $91 5% downside
• Avg. target: $103 8% upside
• High target: $113 18% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

JP Morgan Stephen Tusa 70% 1-year accuracy 21 / 30 met price target	13% upside $108	Neutral Maintained	15 Jan 2025
Barclays Julian Mitchell 65% 1-year accuracy 72 / 111 met price target	5% downside $91	Underweight Maintained	8 Jan 2025
Wells Fargo Joseph O'Dea 71% 1-year accuracy 22 / 31 met price target	5% upside $100	Equal-Weight Maintained	7 Jan 2025
UBS Chris Snyder 71% 1-year accuracy 10 / 14 met price target	18% upside $113	Neutral Assumed	13 Nov 2024