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Otis Worldwide Corp Ordinary Shares OTIS Stock Quote

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Last close prices updated as of Mar 24, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 80.5
  • Sector Industrials
  • Industry Specialty Industrial Machinery
  • Investment Style Mid Blend
  • Day Range 78.53  –  80.65
  • Year Range 62.49  –  87.33
  • Market Cap 33.3970 Bil
  • Volume / Avg 1.8 Mil /  1.8 Mil
  • Price / Sales 2.49
  • Price / Book 13.20
  • Forward Div Yield 1.44%
  • Trailing Div Yield 1.44%

Morningstar‘s Stock Analysis OTIS

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Economic Moat


Capital Allocation


Otis' Margin Expansion Supporting Medium-Term Earnings Elevation

Javier Correonero Equity Analyst

Business Strategy and Outlook

| Javier Correonero |

Otis is the largest elevator original equipment manufacturer, or OEM, by revenue globally and also boasts the highest operating profit margins of the three publicly listed elevator OEMs, including Kone and Schindler. It has longer-term opportunities to grow its lucrative service business. However, along with its peers, it faces a near-term slowdown in the Chinese new equipment market, which we estimate contributes just over 10% of the company's operating profits. China's property developer sector, which carries high levels of debt, will likely go through a multi-month restructuring process before normal development activity resumes. A proportionately larger revenue share from service (maintenance and spare parts) relative to competitors underpins the company's superior profitability. Close to 60% of the company's profits come from service, which delivers profit margins as much as three times that of new equipment and replacement ("modernization") unit EBIT margins.

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Key Statistics OTIS

Company Profile OTIS

Business Description

Otis is the largest global elevator and escalator supplier by revenue with around one quarter of share excluding Japan. 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 15-20 year useful life of an elevator. As the largest global OEM, over decades the business has built a base of 2 million elevators under service. Its business model is much the same as that of its competitors Kone, Schindler, and Thyssenkrupp.

One Carrier Place
Farmington, CT, 06032
Industry Specialty Industrial Machinery
Employees 69,000

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FAQs for Otis Worldwide Corp Ordinary Shares Stock

No. OTIS does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

OTIS’s market cap is 33.40 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

OTIS’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

OTIS’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare OTIS’s historical performance against its industry peers and the overall market.