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Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally.
The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices.
The company was founded in 1853 and is headquartered in Farmington, Connecticut.
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We bought four “new” holdings in the quarter. Two of the four — Blackstone and Otis — we have owned before. In IT, we exited Oracle and trimmed Broadcom. Our five-year investment in Oracle proved highly profitable as the company transitioned its business model from licensing to software-as-a-service. On the semiconductor side, we modestly reduced our position in Broadcom to fund our new investment in Taiwan Semiconductor.
Visa (V) and Otis Worldwide (OTIS) offer compelling long-term dividend growth opportunities, amid heightened geopolitical and recession risks. V's robust balance sheet, 15%+ five-year dividend CAGR, and 48% upside to a $445 price target support its investment case, despite near-term headwinds. OTIS trades at a significant discount to historical multiples, boasts a 16% dividend CAGR, and offers 71% upside to a $132.51 price target by 2028.
Aberdeen Group plc reduced its stake in Otis Worldwide Corporation (NYSE: OTIS) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,398 shares of the company's stock after selling 7,078 shares during the quarter. Aberdeen Group plc
FARMINGTON, Conn., April 1, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 22, 2026, at 8:30 a.m.
Canoe Financial LP boosted its holdings in shares of Otis Worldwide Corporation (NYSE: OTIS) by 15.6% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,787,870 shares of the company's stock after buying an additional 375,914 shares during the period. Otis Worldwide makes
Assenagon Asset Management S.A. lifted its position in Otis Worldwide Corporation (NYSE: OTIS) by 116.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,201,675 shares of the company's stock after buying an additional 646,771 shares during the period.
Otis is an elevator pioneer and is making a lot of money selling and updating its machines. American Tower is mainly in the business of telecommunication towers, and it's added data centers to its mix.
Procyon Advisors LLC lifted its holdings in shares of Otis Worldwide Corporation (NYSE: OTIS) by 119.9% during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,857 shares of the company's stock after purchasing an additional 17,912 shares during
Otis Worldwide Corporation (NYSE: OTIS - Get Free Report) has been assigned an average recommendation of "Hold" from the ten brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company.
Otis Worldwide Corporation (OTIS) Presents at JPMorgan Industrials Conference 2026 Transcript
FARMINGTON, Conn., March 12, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Executive Vice President and CFO Cristina Méndez will participate in a fireside chat at the Industrials Conference hosted by J.P.
FARMINGTON, Conn., March 11, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Executive Vice President and CFO Cristina Méndez will participate in a fireside chat at the Industrials Conference hosted by J.P.
Designed for older adults, the new Otis Viva™ solutions – for existing and new buildings – promote safe, reliable mobility in support of longer, more independent and active living. CANNES, France, March 10, 2026 /PRNewswire/ -- At MIPIM, the world's largest real estate exhibition, Otis Worldwide Corporation (NYSE: OTIS), the world leader in the manufacture, installation, service and modernization of elevators and escalators, is reinforcing its commitment to intergenerational mobility.
Dimensional Fund Advisors LP reduced its stake in shares of Otis Worldwide Corporation (NYSE: OTIS) by 3.1% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,874,633 shares of the company's stock after selling 60,568 shares during the quarter. Dimensional Fund
Otis Worldwide (NYSE: OTIS - Get Free Report) and RBC Bearings (NYSE: RBC - Get Free Report) are both large-cap industrials companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, dividends, profitability, earnings, analyst recommendations, valuation and institutional ownership. Insider and Institutional Ownership 88.0% of Otis
