Otis Worldwide OTIS
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Otis Worldwide (OTIS) Business Model and Operations Summary
Otis Worldwide Corp 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.
Key Insights
Otis Worldwide (OTIS) Core Market Data and Business Metrics
Latest Closing Price
$104.06Market Cap
$41.07 BillionPrice-Earnings Ratio
38.83Total Outstanding Shares
396.52 Million SharesTotal Employees
72,000Dividend
$0.39 Per Share QuarterlyIPO Date
March 18, 2020SIC Description
Electronic & Other Electrical Equipment (no Computer Equip)Primary Exchange
New York Stock ExchangeHeadquarters
One Carrier Place, Farmington, CT, 06032
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities, Continuing | $394 Million |
| Net Cash Flow From Investing Activities | $-113 Million |
| Exchange Gains/Losses | $23 Million |
| Net Cash Flow From Financing Activities, Continuing | $-423 Million |
| Net Cash Flow From Operating Activities | $394 Million |
| Net Cash Flow, Continuing | $-142 Million |
Income Statement
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Net Income/Loss | $557 Million |
| Income Tax Expense/Benefit | $-45 Million |
| Other Operating Expenses | $2.69 Billion |
| Costs And Expenses | $2.96 Billion |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Revenues | $3.55 Billion |
Comprehensive Income
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $487 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $24 Million |
| Comprehensive Income/Loss | $511 Million |
| Other Comprehensive Income/Loss | $-46 Million |
Balance Sheet
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Other Non-current Assets | $2.71 Billion |
| Noncurrent Assets | $3.77 Billion |
| Intangible Assets | $330 Million |
| Liabilities | $15.04 Billion |
| Inventory | $625 Million |
| Other Non-current Liabilities | $48 Million |
Historical Dividends
Current dividend: $0.39 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Jan 30, 2025 | Mar 7, 2025 | Feb 14, 2025 | $0.39 | Quarterly |
| Oct 31, 2024 | Dec 6, 2024 | Nov 15, 2024 | $0.39 | Quarterly |
| Jul 25, 2024 | Sep 6, 2024 | Aug 16, 2024 | $0.39 | Quarterly |
| Apr 23, 2024 | Jun 7, 2024 | May 17, 2024 | $0.39 | Quarterly |
| Feb 1, 2024 | Mar 8, 2024 | Feb 16, 2024 | $0.34 | Quarterly |
| Oct 26, 2023 | Dec 8, 2023 | Nov 17, 2023 | $0.34 | Quarterly |