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Otis Worldwide Corporation - $OTIS STOCK NEWS

Welcome to our dedicated page for Otis Worldwide Corporation news (Ticker: $OTIS), a resource for investors and traders seeking the latest updates and insights on Otis Worldwide Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Otis Worldwide Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Otis Worldwide Corporation's position in the market.

News
Otis Declares Quarterly Dividend of $0.34 per Share
Rhea-AI Summary
Otis Worldwide Corporation (OTIS) has declared a quarterly dividend of $0.34 per share of common stock, payable on March 8, 2024, to shareholders of record at the close of business on February 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
Tags
dividends
-
News
OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
Rhea-AI Summary
Otis Worldwide Corporation (OTIS) reported a strong fourth quarter and full year results, with net sales up 5.3% and organic sales up 3.8% in the fourth quarter. The company announced a 2024 outlook with solid sales and earnings growth, including organic sales up 3 to 5%, adjusted earnings per share of $3.80 to $3.90, and adjusted free cash flow of approximately $1.6 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
earnings
-
News
Otis Fourth Quarter 2023 Earnings Advisory
Rhea-AI Summary
Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, January 31, 2024, at 8:30 a.m. ET to discuss the company's full year and fourth quarter results and 2024 outlook. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Anurag Maheshwari will lead the discussion. The webcast link, presentation, and news release will be available on www.otis.com. Investors can also access additional updates on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
earnings
News
Otis to Host 2024 Investor Day
Rhea-AI Summary
Otis Worldwide Corporation (NYSE: OTIS) will host its 2024 Investor Day on Thursday, February 15, 2024, in New York City. Otis Chair, CEO & President Judy Marks and members of the leadership team will discuss the company's strategic initiatives and medium-term financial outlook. The meeting is scheduled to begin at 9:00 a.m. ET and will be broadcast live at www.otis.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
conferences
-
News
Otis Elevator invests in STEM with Hartford Boys & Girls Clubs
Rhea-AI Summary
Otis Worldwide Corporation: Otis Elevator Co. Collaborates with Boys & Girls Clubs of Hartford for STEM Learning Initiative. Otis committed to a $50,000 donation to support ongoing STEM programming at the Club. Otis Chair, President & CEO Judy Marks participated in the hands-on activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
none
-
News
Otis Recognized with Two Seramount Inclusive-Workplace Awards
Rhea-AI Summary
Otis Worldwide Corporation (NYSE:OTIS) has been recognized on the 2023 Seramount Global Inclusion Index and the 2023 Seramount Inclusion Index for its efforts to create diverse and inclusive work environments in 10 countries. The Global Inclusion Index honored Otis in 9 international markets, and the U.S.-based Inclusion Index recognized Otis among 42 companies. The recognition validates Otis' work to foster an inclusive culture and demographic diversity for women and racial/ethnic minorities. The company saw its U.S. score rise by 6 percentage points over 2022, with its highest-ranking category being company culture at 82 percent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.64%
Tags
none
News
Otis Partners with AWARE Singapore and United Women Singapore: Empowering Female Students through STEM
Rhea-AI Summary
Otis Worldwide Corporation: Otis Colleagues in Asia Pacific Sponsor Coding Workshop for Female Students in Partnership with AWARE Singapore and United Women Singapore
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
partnership
-
News
Otis Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions
Rhea-AI Summary
Otis Worldwide Corporation (NYSE: OTIS) submits proposed near-term science-based greenhouse gas (GHG) reduction targets to SBTi, aligning with the Paris Agreement and demonstrating commitment to combat climate change. The submission includes targets for Scopes 1, 2, and 3 against a 2021 baseline, reinforcing Otis' existing ESG objectives and dedication to sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
none
-
News
Tom Bartlett and Jill Brannon Appointed to Otis Worldwide Corporation Board of Directors
Rhea-AI Summary
Otis Worldwide Corporation announces the appointment of Tom Bartlett and Jill Brannon to its Board of Directors, effective October 27, 2023. Bartlett is the President and CEO of American Tower Corporation, while Brannon is the EVP and Chief Sales Officer at FedEx Corp. Their expertise in technology, global services, and leadership will support Otis' growth strategy. Harold McGraw III will retire from the Board on December 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
management
News
Otis Declares Quarterly Dividend of $0.34 per Share
Rhea-AI Summary
Otis Worldwide Corporation declares quarterly dividend of $0.34 per share of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
dividends
Stock OTIS logo
Otis Worldwide Corporation

NYSE:OTIS

OTIS Rankings

#333 Ranked by Market Cap
#1418 Ranked by Stock Gains
#1517 Ranked by Dividends

OTIS Stock Data

37.10B
404.56M
0.16%
90.97%
1.31%
Iron and Steel Forging
Manufacturing
Link
United States of America
FARMINGTON

About OTIS

at otis, we are dedicated to connecting you to the people and places that matter. for over 160 years, we’ve continually reinvented the way our passengers move through the urban world with industry-leading elevators, escalators and moving walkways.