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Otis Worldwide Corp

(NYSE:OTIS)
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

top performing OTIS trades

John James headshot
John James
House (R-MI)
-3.40%
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Recent Trades
View the most recent Otis Worldwide trades made by congress members.
John JamesHouse (R-MI)
$1K - $15KstockSaleSep 06, 2024Sep 04, 2024
House
Gary C. PetersSenate (D-MI)
$1K - $15KstockSaleAug 05, 2024Jul 17, 2024
Senate
John JamesHouse (R-MI)
$1K - $15KstockPurchaseSep 02, 2024Nov 10, 2023
House
Pete SessionsHouse (R-TX)
$1K - $15KstockSaleFeb 11, 2022Jan 18, 2022
House
Susan M. CollinsSenate (R-ME)
$1K - $15KstockSaleFeb 17, 2022Jan 06, 2022
Senate