Otis Worldwide Corporation (OTIS)

Otis Worldwide Corp. stock has experienced a decline of 10.46% in the past six months as of July 23, 2025, and a 1.39% decrease over the last 12 months as of January 2026. Recent events include being selected for an escalator modernization in London, delivering solutions for Montreal's REM Light Metro Transit, reporting Third Quarter 2025 results with analysts lifting the price target, holding the Second Quarter 2025 Earnings Conference Call with a 2% decline in organic sales, acquiring eight Urban Elevator locations in the US, and hosting the Fourth Quarter 2024 Earnings Conference Call.

While specific details on Otis Worldwide Corp.'s demand seasonality are limited, the company's business model, including new equipment installations and a significant service segment, suggests stability. The service segment provides recurring revenue, while the new equipment segment is influenced by economic cycles and construction trends, which may exhibit seasonal variations.

Otis Worldwide Corp. is a global leader in the vertical transportation industry, specializing in elevators, escalators, and moving walkways. The company operates within the Industrials sector, offering a comprehensive portfolio of products and services, including the Gen2 and Gen3 elevator systems, modernization services, and digital solutions like the Otis ONE IoT platform and Remote Elevator Monitoring (REM) systems. The service segment is a significant driver of Otis's financial performance.

Otis Worldwide Corp. has an extensive global presence, serving customers in over 200 countries and territories. The company's revenue is geographically segmented across the Americas, Europe, Middle East & Africa (EMEA), Asia Pacific, and China. Otis's operations are supported by more than 1,400 branches and offices in over 70 countries, with 26 engineering centers and 11 test towers worldwide.

Otis Worldwide Corp. maintains a strong brand reputation, recognized for its high-quality, reliable products, and excellent customer service. In December 2024, Otis was named to Newsweek's list of America's Most Responsible Companies for 2025. In July 2024, the company was recognized as a Best Place to Work for Disability Inclusion for 2024 by the Disability Equality Index®. In November 2023, Otis was named one of the World's Top Companies for Women by Forbes.

Otis Worldwide Corp. is primarily owned by institutional investors, who collectively hold over 92% of the company's shares. Prominent institutional owners include Vanguard Group Inc., BlackRock, Inc., JPMorgan Chase & Co., AllianceBernstein L.P., and State Street Corp. Individual investors hold a smaller portion, approximately 0.09% to 0.1% of the shares.