Otis Worldwide Corporation (OTIS)

Otis Worldwide Corp. (OTIS) stock price has experienced fluctuations in the past six months. As of September 26, 2025, the share price was $90.38, a decline of 13.05% from $103.94 on September 30, 2024. Recent events include the launch of flexible phased elevator modernization packages, STEM Education Challenge, selection for Egyptian real estate projects, CEO speaking at a Morgan Stanley Conference, selection to enhance connectivity on Singapore's Cross Island Line Phase 1, collaboration with Sobha Realty in Dubai, declaration of a quarterly dividend of $0.42 per share, and reporting of second-quarter 2025 results. An article noted that Otis's Q2 earnings miss and revised 2025 outlook triggered a steep sell-off, with persistent headwinds, especially in China and the New Equipment segment. However, another analysis upgraded Otis to a "Buy" rating due to its defensive qualities and outperformance amid market volatility, highlighting its stable, high-margin service business.

Information directly detailing the demand seasonality for Otis Worldwide Corp.'s products and services is not explicitly available. Urbanization increases demand for new equipment, and a growing installed base increases the need for maintenance and modernization services. New equipment orders can be influenced by economic slowdowns, while modernization has shown strong growth. China's declining new elevator demand indicates regional economic factors influence demand. The service business offers stable, high-margin, and recession-resistant cash flows, suggesting a less seasonal demand.

Otis Worldwide Corporation specializes in vertical transportation systems, including elevators, escalators, and moving walkways. The company operates in the Industrial Services sector, focusing on Engineering & Construction. Its business is divided into New Equipment, which involves the design, manufacture, sale, and installation of vertical transportation products, and Service, which provides maintenance, repair, and modernization services, including digital solutions through the Otis ONE™ IoT platform.

Otis Worldwide Corp. operates in over 200 countries and territories, maintaining approximately 2.2 million elevators and escalators globally. In Q1 2024, its revenue breakdown was: Americas ($1.4 billion), EMEA ($0.9 billion), and Asia Pacific ($1.3 billion). Key operational areas include the United States (28.4% of net sales), China (17.2% of net sales), and other regions (54.4% of net sales).

Otis Worldwide Corp. has maintained a strong brand reputation, being named to Newsweek's list of America's Most Responsible Companies for 2025 and recognized as a "Best Place to Work for Disability Inclusion for 2024" by the Disability Equality Index®. Forbes named Otis Worldwide Corp. as one of the "World's Top Companies for Women." Otis has been consistently listed among Fortune's Most Admired Companies. The company received three internationally prestigious Red Dot awards for industrial product design in 2024 for its Smart Cab, accessible elevator buttons, and a colleague safety ID card.

Otis Worldwide Corporation's stock ownership is primarily institutional, with approximately 66.48% to 78.09% held by institutional investors such as Vanguard Group Inc., BlackRock, Inc., and JPMorgan Chase & Co. Individual investors hold a smaller percentage, around 0.09% to 33.40%, and insiders own approximately 0.12% of the stock.