OTIS - Otis Worldwide Corporation
Allworth Financial LP bought a new position in shares of Otis Worldwide Corporation (NYSE: OTIS) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 43,593 shares of the company's stock, valued at approximately $3,121,000. Several other institutional investors have also
Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?
Otis will return to the building to modernize existing elevators and support the next phase of development SHANGHAI, Aug. 17, 2026 /PRNewswire/ -- Otis has been selected once again to provide advanced modernization and vertical transportation solutions for Tianjin 117 Tower, a nearly 600-meter supertall landmark. It is the tallest building currently under construction in China and when complete, it will be China's third-tallest building, and host China's highest occupied floor at more than 584 meters1.
Aberdeen Group plc raised its stake in shares of Otis Worldwide Corporation (NYSE: OTIS) by 7.0% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,495 shares of the company's stock after purchasing an additional 23,615 shares
Otis is the largest elevator company in the world, operating in 200-plus countries. More than 90% of Otis' profits comes from servicing elevators, which involves maintenance, repairs and modernization.
Entropy Technologies LP lessened its holdings in Otis Worldwide Corporation (NYSE: OTIS) by 62.5% in the undefined quarter, according to its most recent filing with the SEC. The firm owned 31,787 shares of the company's stock after selling 52,880 shares during the period. Entropy Technologies LP's holdings in Otis Worldwide were worth $2,450,000
Otis Worldwide posted mixed Q2 results, beating revenue estimates but cutting full-year 2026 guidance due to persistent headwinds. Despite margin pressure and profit declines, OTIS's service segment remains the primary growth engine, with modernization up 24% and maintenance trends accelerating. Headwinds in China and higher labor and energy costs continue to weigh on New Equipment segment profits and overall margins.
OTIS trades below historical valuation levels after a 19% YTD slide, but guidance cuts and margin pressure keep the investment outlook in focus.
OTIS is relying on Service growth and a rising modernization backlog to counter weak New Equipment demand as China remains a key challenge.
I maintain a hold rating on Otis Worldwide Corporation as strong service and modernization demand is not yet translating into earnings growth. Service margins contracted due to higher labor costs and slower productivity ramp from new mechanics, despite robust backlog and retention improvements. New equipment sales remain weak overall, with China still a drag, but the Americas show promising order momentum and backlog growth.
FARMINGTON, Conn., July 23, 2026 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.44 per share of Otis' common stock.
Otis Worldwide NYSE: OTIS just gave income investors a gift wrapped in a sell-off. Shares dropped by more than 2% the day the elevator giant reported Q2 2026 earnings.
Otis Worldwide Corporation (OTIS) Q2 2026 Earnings Call Transcript
Otis Worldwide NYSE: OTIS reported stronger second-quarter organic sales growth in 2026, driven by its service business, but lowered parts of its profit outlook as investments in service quality, retention initiatives and productivity pressures weighed on margins.
OTIS tops second-quarter EPS estimates and posts higher sales, as Service momentum offset continued weakness in the New Equipment business.
While the top- and bottom-line numbers for Otis Worldwide (OTIS) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Otis Worldwide (OTIS) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.05 per share a year ago.
Otis delivers organic Service sales growth of 9% matching the highest level since spin with strong double-digit growth in modernization and repair and accelerating maintenance trends Second quarter 2026 Net sales up 7% and organic sales up 6%, driven by Service net sales up 11% with organic sales up 9%, and New Equipment net sales flat with organic sales down (1)%, improving sequentially GAAP operating profit up $28 million and adjusted operating profit down $25 million Modernization orders up 9% at constant currency, backlog up 24%, 26% at constant currency Operating cash flow of $267 million; adjusted free cash flow of $290 million Share repurchases of approximately $400 million First half 2026 Net sales up 7% and organic sales up 4%, driven by Service net sales up 11% with organic sales up 7% GAAP operating profit up $156 million and adjusted operating profit down $35 million Operating cash flow of $680 million; adjusted free cash flow of $562 million Share repurchases of approximately $800 million FARMINGTON, Conn., July 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2026 net sales of $3.9 billion with organic sales up 6% versus the prior year.
OTIS heads into Q2 earnings with Service growth and modernization initiatives in focus as investors watch whether margin pressures weigh on results.
Otis Worldwide (OTIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.