Otis Worldwide Corp

NYSE OTIS

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Otis Worldwide Corp Market Capitalization on June 03, 2024: USD 39.96 B

Otis Worldwide Corp Market Capitalization is USD 39.96 B on June 03, 2024, a 14.19% change year over year. Market capitalization is a financial metric that represents the total value of a publicly traded company. It is calculated by multiplying the current share price of a company by the total number of outstanding shares. Market capitalization is used to assess the size and relative value of a company in the stock market. It provides investors with an idea of the company's overall worth and is often used as a basis for comparing companies within the same industry or sector. A higher market capitalization generally indicates a larger, more established company.

Otis Worldwide Corp 52-week high Market Capitalization is USD 40.63 B on March 21, 2024, which is 1.69% above the current Market Capitalization.
Otis Worldwide Corp 52-week low Market Capitalization is USD 31.10 B on October 25, 2023, which is -22.17% below the current Market Capitalization.
Otis Worldwide Corp average Market Capitalization for the last 52 weeks is USD 36.28 B.

NYSE: OTIS

Otis Worldwide Corp

CEO	Ms. Judith F. Marks
IPO Date	March 19, 2020
Location	United States
Headquarters	One Carrier Place, Farmington, CT, United States, 06032
Employees	71,000
Sector	Industrials
Industry	Specialty industrial machinery

Description

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

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