Otis Worldwide (OTIS)

Company Profile

Otis Worldwide Corporation gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, Otis moves 2 billion people a day and maintain more than 2 million customer units worldwide - the industry's largest Service portfolio. Otis is present in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 40,000 field professionals, all committed to meeting the diverse needs of its customers and passengers in more than 200 countries and territories.

Company profile

Ticker

OTIS

Exchange

NYSE

Website

www.otis.com

CEO

Judith F. Marks

Incorporated

Delaware

Location

Connecticut

Fiscal year end

Dec 31

Sector

Manufacturing > Iron and Steel Forging

Industry (SIC)

Electronic & Other Electrical Equipment (No Computer Equip)

General Electric • Emerson Electric • UTime • Mountain High Acquisitions • Vortex Brands • Interactive Strength ...

SEC CIK

0001781335

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

9G Elevator Pte. Ltd. • Alder France Holding SAS • Alder Holdings SAS • Alder Paris Holdings SAS • Allyn Holdings, Inc • CEAM Costruzioni Elettromeccaniche Ascensori e Montacarichi Srl • Chestnut Holdings • Cypress Holdings SRL • Highland Holdings S.a.r.l. • Juniper Holdings S.a.r.l ...

IRS number

833789412

OTIS stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$86.75

Low target

$81.00

High target

$95.00

Latest filings (excl ownership)

View all

S-3ASR

Automatic shelf registration

24 Mar 23

S-3ASR

Automatic shelf registration

24 Mar 23

8-K

Entry into a Material Definitive Agreement

10 Mar 23

8-K

Departure of Directors or Certain Officers

3 Feb 23

Otis Reports Fourth Quarter and Full Year 2022 Results

27 Oct 22

Otis Reports Third Quarter 2022 Results

26 Oct 22

8-K

Nelda Connors Appointed to Otis Worldwide Board of Directors

28 Jul 22

Transcripts

View all

OTIS

Earnings call transcript

2022 Q4

2 Feb 23

OTIS

Earnings call transcript

2022 Q3

26 Oct 22

OTIS

Earnings call transcript

2022 Q2

27 Jul 22

OTIS

Earnings call transcript

2022 Q1

25 Apr 22

OTIS

Earnings call transcript

2021 Q4

31 Jan 22

OTIS

Earnings call transcript

2021 Q3

25 Oct 21

OTIS

Earnings call transcript

2021 Q2

26 Jul 21

OTIS

Earnings call transcript

2021 Q2

26 Jul 21

OTIS

Earnings call transcript

2021 Q1

26 Apr 21

OTIS

Earnings call transcript

2020 Q4

1 Feb 21

Latest ownership filings

View all

Fernandez Bernardo Calleja

Fernandez Bernardo Calleja

Montlivault Stephane de

Financial summary

Financial statements Chart OTIS financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.20 bn	1.20 bn	1.20 bn	1.20 bn	1.20 bn	1.20 bn
Cash burn (monthly)	(no burn)	190.17 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	566.80 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	628.20 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	3.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

OTIS institutional ownership history Ownership history

85.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1055	991	+6.5%
Opened positions	157	63	+149.2%
Closed positions	93	105	-11.4%
Increased positions	287	270	+6.3%
Reduced positions	409	436	-6.2%

13F shares	Current	Prev Q	Change
Total value	27.41 tn	21.28 bn	+128730.3%
Total shares	353.31 mm	333.41 mm	+6.0%
Total puts	4.32 mm	4.79 mm	-9.9%
Total calls	924.78 k	2.41 mm	-61.6%
Total put/call ratio	4.7	2.0	+134.6%

Largest owners	Shares	Value	Change
Vanguard	39.71 mm	$3.11 tn	+0.0%
BLK Blackrock	35.21 mm	$2.76 tn	+0.5%
STT State Street	15.95 mm	$1.25 tn	NEW
MS Morgan Stanley	13.21 mm	$1.03 tn	+5.4%
Geode Capital Management	9.83 mm	$770.90 bn	+1.0%
Fiera Capital	9.33 mm	$730.52 bn	-5.2%
Alliancebernstein	9.11 mm	$713.08 bn	-5.5%
Massachusetts Financial Services	8.32 mm	$651.26 bn	-4.8%
Capital Research Global Investors	7.50 mm	$587.63 bn	+22.0%
IVZ Invesco	6.69 mm	$523.73 bn	+30.0%

Largest transactions	Shares	Bought/sold	Change
STT State Street	15.95 mm	+15.95 mm	NEW
Norges Bank	4.72 mm	+4.72 mm	NEW
Citadel Advisors	2.11 mm	+1.65 mm	+363.3%
IVZ Invesco	6.69 mm	+1.54 mm	+30.0%
Capital Research Global Investors	7.50 mm	+1.35 mm	+22.0%
Clearbridge Advisors	1.51 mm	-1.15 mm	-43.2%
BLS Capital Fondsmaeglerselskab A/s	5.98 mm	+1.15 mm	+23.8%
GS Goldman Sachs	1.99 mm	-1.10 mm	-35.5%
Caisse De Depot Et Placement Du Quebec	570.06 k	-869.30 k	-60.4%
Putnam Investments	1.91 mm	+805.35 k	+72.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

OTIS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Mar 23	Fernandez Bernardo Calleja	Common Stock	Sell	Dispose S	No	No	86.853	703	61.06 k	22,215
6 Mar 23	Fernandez Bernardo Calleja	Common Stock	Payment of exercise	Dispose F	No	No	86.88	4,826	419.28 k	22,918
6 Mar 23	Fernandez Bernardo Calleja	Common Stock	Option exercise	Acquire M	No	No	50.58	5,065	256.19 k	27,744
6 Mar 23	Fernandez Bernardo Calleja	Common Stock	Option exercise	Acquire M	No	No	60.88	2,681	163.22 k	22,679
6 Mar 23	Fernandez Bernardo Calleja	Stock Appreciation Rights Common Stock	Option exercise	Dispose M	No	No	50.58	5,065	256.19 k	0
6 Mar 23	Fernandez Bernardo Calleja	Stock Appreciation Rights Common Stock	Option exercise	Dispose M	No	No	60.88	2,681	163.22 k	0
1 Mar 23	Sally Loh	Stock Appreciation Rights Common Stock	Grant	Acquire A	No	No	85.23	11,765	1.00 mm	11,765
1 Mar 23	Sally Loh	RSU Common Stock	Grant	Acquire A	No	No	0	3,576	0.00	3,576
1 Mar 23	Peiming Zheng	Stock Appreciation Rights Common Stock	Grant	Acquire A	No	No	85.23	2,942	250.75 k	2,942
1 Mar 23	Peiming Zheng	RSU Common Stock	Grant	Acquire A	No	No	0	894	0.00	894