Otis (OTIS)
Installs elevators and escalators, then maintains and modernizes them through a global service network.
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Designs and installs elevators, escalators, and moving walkways, then earns recurring revenue by maintaining, repairing, and modernizing its own and competitors’ equipment. Service supplies most sales and nearly all segment profit, supported by a global maintenance portfolio.
Runs two businesses worldwide. New Equipment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways for residential, commercial, and infrastructure projects. Service maintains, repairs, and modernizes Otis and competing manufacturers’ equipment.
A dense local network of mechanics, branches, parts centers, and remote monitoring supports contract renewal and conversion of new installations into maintenance accounts. Otis ONE adds real-time monitoring and predictive maintenance to connected equipment, while the global maintenance portfolio creates recurring repair and modernization work.
Service provides most sales and nearly all segment operating profit, while international operations account for most revenue. New-equipment demand remains exposed to construction cycles, particularly China, and both installation and maintenance must satisfy local licensing, building, and elevator-safety codes.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Morgan Stanley | Target | Target: $88 | Target: $75 |
| Jul 28, 2026 | RBC Capital | Target | Target: $98 | Target: $90 |
| Jul 23, 2026 | Evercore ISI | Reiterate | Rating: —Target: — | Target: $95 |
| Jul 23, 2026 | Bernstein | Reiterate | Rating: —Target: $97 | Target: $90 |
| Jun 9, 2026 | Bernstein | Target | Target: — | Target: $97 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $813.0M · Total debt $8.85B · Total assets $11.16B · Shareholders' equity −$5.75B
- Revenue
- $3.86B
- Operating income
- $575.0M
- Net income
- $428.0M
HistoryDividendAnnual yield
| Institutions | 94.33% | 359.10M shares | |
|---|---|---|---|
| 1,250 holders · as of Jun 30, 2026 | |||
| Insiders | 0.12% | 464.2K shares | |
| 15 holders · as of Sep 4, 2026 | |||
| Other | 5.55% | 21.11M shares | |
| remainder | |||
380.67M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.31% | 31.62M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.58% | 25.06M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.24% | 19.96M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.38% | 16.66M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 3.31% | 12.59M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | Thibault Pierre Marie Lefebure | officer: President, Otis EMEA | −1,628 | $76.89 |
| Feb 12, 2026 | Stephane de Montlivault | officer: President, Otis Asia Pacific | −47,944 | $92.25 |
| Feb 10, 2026 | Nora E. LaFreniere | officer: EVP, General Counsel | −27,418 | $90.38 |
| Feb 10, 2026 | Michael Patrick Ryan | officer: SVP, CAO & Controller | −1,182 | $90.06 |
| Feb 4, 2026 | Judith Fran Marks | director, officer: Chair, CEO and President | −46,780 | $89.57 |
Not reported.