OTIS Stock Summary and Trading Ideas (Otis Worldwide Common | NYSE:OTIS)

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Otis Worldwide Common trades on the NYSE stock market under the symbol OTIS.

As of September 4, 2026, OTIS stock price declined to $71.21 with 2,790,254 million shares trading.

OTIS has a beta of 0.66, meaning it tends to be less sensitive to market movements. OTIS has a correlation of 0.19 to the broad based SPY ETF.

OTIS has a market cap of $27.11 billion. This is considered a Large Cap stock.

Last quarter Otis Worldwide Common reported $4 billion in Revenue and $1.01 earnings per share. This beat revenue expectation by $122 million and met earnings estimates .

In the last 3 years, OTIS traded as high as $106.83 and as low as $69.16.

The top ETF exchange traded funds that OTIS belongs to (by Net Assets): VTI, VOO, VO, SPY, VTV.

OTIS has underperformed the market in the last year with a price return of -15.7% while the SPY ETF gained +19.8%. However, in the short term, OTIS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +2.6% vs +2.0% return in SPY. But in the last 2 weeks, OTIS shares have been beat by the market, returning -0.4% compared to an SPY return of +0.6%.

OTIS support price is $70.60 and resistance is $72.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OTIS shares will trade within this expected range on the day.