Otis Authorizes $2 Billion for Share Repurchase [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
that its Board of Directors has authorized the repurchase of $2 Billion of Common Stock under a share repurchase program, effective January 16, 2025 . In conjunction with the new authorization, the Board of Directors cancelled the remaining approximately $100 million authorized under the prior program, approved December 1, 2022 . Share repurchases may take place from time to time, subject to market conditions and at the company's discretion, in the open market, through privately negotiated transactions or other means. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA , Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories
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OTIS
News
- Otis Elevates Passenger Experience at Malaysia's Armani Hallson KLCCPR Newswire
- Otis Worldwide (NYSE:OTIS) had its "positive" rating reaffirmed by analysts at Wells Fargo & Company.MarketBeat
- Otis Worldwide (NYSE:OTIS) was upgraded by analysts at BNP Paribas from a "hold" rating to a "strong-buy" rating.MarketBeat
- Otis Worldwide (NYSE:OTIS) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Otis Worldwide (NYSE:OTIS) was upgraded by analysts at BNP Paribas Exane from a "neutral" rating to an "outperform" rating. They now have a $105.00 price target on the stock.MarketBeat
OTIS
Earnings
- 10/29/25 - Beat
OTIS
Sec Filings
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- 11/7/25 - Form 4
- OTIS's page on the SEC website