NYSE:OTIS
Otis Worldwide Corp. (OTIS)
Financials 
Technical Analysis 
Jun 25, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Otis Worldwide Corp. operates in the elevator industry, which is characterized by an oligopolistic market structure. Though experiencing a slowdown in growth in China over the past three years, there are signs of growth in new lift installations in the Americas and India. The company's service segment, which has significantly higher margins than the new equipment side, is performing better as Otis works to attach maintenance services to new orders. Notably, a large portion of the installed elevator base is aging, with 40% of elevators over 15 years old, highlighting the need for modernization or replacement. Although new equipment sales have been weak, the improvement in service contracts is a positive development for the company moving forward.
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This company was a spin off from from the OTX purchase by RTN and started trading April 3. They are the global leader in the elevator industry. They have a 17% market share. Service is 50% of their revenues but 80% of their profits. They usually have a 93% retention for this business. They suggest after COVID social distancing may lead to higher elevator usage and higher service requirements. Yield 0.4% (Analysts’ price target is $57.17)