OTIS Stock Recent News

FARMINGTON, Conn. , Oct. 9, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, October 30, 2024, at 8:30 a.m.

Otis is set to modernize Melbourne's iconic 101 Collins Street building, enhancing efficiency and sustainability.

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Otis' Taiwan subsidiary boosts its products and service portfolio by acquiring Jardine Schindler Lifts in Taiwan.

In Otis' Made to Move Communities™ global competition, students will apply Artificial Intelligence to enable more inclusive and sustainable mobility solutions. FARMINGTON, Conn.

OTIS benefits from digital innovations and operational improvements despite tepidness in the New Equipment segment.

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Otis Worldwide Corporation is a pure-play elevator and escalator business, with operations in new equipment and service segments. The company enjoys superb economic characteristics even at its large size of operations. Otis is drowning in cash, but the bulk of these funds are returned to shareholders, creating an opportunity cost on more selective opportunities with compounding ability.

FARMINGTON, Conn. , July 25, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock.

Otis is trading at a discount of c.5.1% today, with potential upside of 10.3% in the next 12-18 months. The dip after its Q2 earnings release is unwarranted. The industry is facing New Equipment headwinds, mid-to-high single digit declines for 2024 and