Otis Worldwide Corporation

Otis Worldwide Corporation is an elevator and escalator company headquartered in Farmington, Connecticut, and the brand's roots go back to 1853. The company became independent from United Technologies in 2020. Its shares trade on the NYSE under the ticker OTIS. The company is also an S&P 500 member.

Otis makes, installs, maintains and modernizes elevators, escalators and moving walkways. Its activities are reported separately as new equipment and service. Maintenance contracts for the large installed base of equipment around the world form a steady part of the company's income structure. The company also offers a digital platform called Otis ONE that enables remote monitoring of equipment and failure prediction.

Those following Otis stock typically watch new building and housing construction activity, the renewal trend of maintenance contracts, modernization demand and developments in regional construction markets. The Lzzo.com Otis Worldwide page brings the US dollars price, a price chart and technical indicators together on one screen.