- Price
- $73.64
- Day
- +2.01%
- Mkt Cap
- $28.03B
- 52W Range
- $69.16 – $94.57
- Volume
- 2.22M
- Beta
- 0.89
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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
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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.
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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.
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OTIS trades below historical valuation levels after a 19% YTD slide, but guidance cuts and margin pressure keep the investment outlook in focus.
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OTIS is relying on Service growth and a rising modernization backlog to counter weak New Equipment demand as China remains a key challenge.
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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.
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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.
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Otis Worldwide Corporation (OTIS) Q2 2026 Earnings Call Transcript
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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.
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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.
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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.
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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.
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