Otis Worldwide: A Compelling Service Segment [Seeking Alpha]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Seeking Alpha
A dominant player maintaining elevators in some of the most prestigious sites across the globe. A dividend yield of 1.44% with a payout ratio of 38%, leaves exciting room for more distribution in earnings to shareholders. Investment Thesis The investment thesis for Otis Worldwide ( NYSE: OTIS ) revolves around the substantial moat they possess in servicing and maintaining their extensive portfolio of elevators. Picture a scenario where a company not only records revenue from equipment sales but, as the equipment depreciates and faces malfunctions, is consistently re-engaged for maintenance services. This creates a reliable and predictable stream of income that doesn't rely on consumer demand but more on the quality and usage of their products. OTIS embody this model, and it is the service aspect that is the cornerstone of their business strength. That is why I am initiating Buy recommendation on the company. Background OTIS stands as the largest global enterprise in the man
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OTIS
News
- Otis Worldwide Corporation (NYSE:OTIS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Co. (NYSE: OTIS) had its price target raised by analysts at JPMorgan Chase & Co. from $104.00 to $105.00. They now have a "neutral" rating on the stock.MarketBeat
- Otis Worldwide Co. (NYSE: OTIS) had its price target lowered by analysts at Wells Fargo & Company from $102.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
- Nigeria Elevator and Escalator Market Report 2024, with Key Player Analysis for Otis, KONE, Mitsubishi Electric, TK Elevator, Hyundai Elevator, FUJIHD Elevator, Hitachi, Kleemann and Akotex Elevator [Yahoo! Finance]Yahoo! Finance
- OTIS Q1 Earnings Beat, Organic Sales Up, '24 View Raised [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/5/24 - Form ARS
- OTIS's page on the SEC website