• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G/A filed by Otis Worldwide Corporation (Amendment)

    2/12/24 1:59:55 PM ET
    $OTIS
    Consumer Electronics/Appliances
    Technology
    Get the next $OTIS alert in real time by email
    SC 13G/A 1 us68902v1070_021224.txt us68902v1070_021224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) Otis Worldwide Corp -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 68902V107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 68902V107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 31017490 (6) Shared voting power 0 (7) Sole dispositive power 34990980 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 34990980 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Otis Worldwide Corp Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- One Carrier Place FARMINGTON CT 06032 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRock, Inc. 50 Hudson Yards New York, NY 10001 2(c) Citizenship: -------------------------------------------------------------------- See Item 4 of Cover Page 2(d) Title of class of securities: ------------------------------------------------------------------- Common Stock 2(e) CUSIP No.: See Cover Page Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: [ ] Broker or dealer registered under Section 15 of the Act; [ ] Bank as defined in Section 3(a)(6) of the Act; [ ] Insurance company as defined in Section 3(a)(19) of the Act; [ ] Investment company registered under Section 8 of the Investment Company Act of 1940; [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); [X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; [ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Amount beneficially owned: 34990980 Percent of class 8.5% Number of shares as to which such person has: Sole power to vote or to direct the vote 31017490 Shared power to vote or to direct the vote 0 Sole power to dispose or to direct the disposition of 34990980 Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. Item 6. Ownership of More than 5 Percent on Behalf of Another Person If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Otis Worldwide Corp. No one person's interest in the common stock of Otis Worldwide Corp is more than five percent of the total outstanding common shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. See Exhibit A Item 8. Identification and Classification of Members of the Group If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group. Item 9. Notice of Dissolution of Group Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 12, 2024 BlackRock, Inc. Signature: Spencer Fleming ------------------------------------------- Name/Title Attorney-In-Fact The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). Exhibit A Subsidiary Aperio Group, LLC BlackRock (Luxembourg) S.A. BlackRock (Netherlands) B.V. BlackRock (Singapore) Limited BlackRock Advisors (UK) Limited BlackRock Advisors, LLC BlackRock Asset Management Canada Limited BlackRock Asset Management Ireland Limited BlackRock Asset Management North Asia Limited BlackRock Asset Management Schweiz AG BlackRock Financial Management, Inc. BlackRock Fund Advisors BlackRock Fund Management Company S.A. BlackRock Fund Managers Ltd BlackRock Institutional Trust Company, National Association BlackRock International Limited BlackRock Investment Management (Australia) Limited BlackRock Investment Management (UK) Limited BlackRock Investment Management, LLC BlackRock Japan Co., Ltd. BlackRock Life Limited *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Exhibit B POWER OF ATTORNEY The undersigned, BlackRock, Inc., a corporation duly organized under the laws of the State of Delaware, United States (the "Company"), does hereby make, constitute and appoint each of Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Daniel Goldmintz, Laura Hildner, Elizabeth Kogut, David Maryles, Christopher Meade, Una Neary, Charles Park, Daniel Riemer, David Rothenberg and Brenda Schulz, acting severally, as its true and lawful attorneys-in-fact, for the purpose of, from time to time, executing, in its name and on its behalf and on behalf of its direct and indirect subsidiaries, any and all documents, certificates, instruments, statements, filings, agreements and amendments (collectively, "documents") determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including, without limitation, Schedules 13D and 13G and Forms 3, 4, 5, 13F and 13H and any amendments to any of the foregoing as may be required to be filed with the Securities and Exchange Commission, and delivering, furnishing or filing any such documents with the appropriate governmental or regulatory authority or other person, and giving and granting to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully and to all intents and purposes as the Company and/or its direct and indirect subsidiaries, as applicable, might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Any such determination by an attorney-in-fact named herein shall be conclusively evidenced by such person's execution, delivery, furnishing or filing of the applicable document. This power of attorney shall expressly revoke the power of attorney dated 2nd day of January, 2019 in respect of the subject matter hereof, shall be valid from the date hereof and shall remain in full force and effect until either revoked in writing by the Company, or, in respect of any attorney-in-fact named herein, until such person ceases to be an employee of the Company or one of its affiliates. IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of this 30th day of April, 2023. BlackRock, Inc. By: /s/ R. Andrew Dickson, III Name: R. Andrew Dickson, III Title: Corporate Secretary
    Get the next $OTIS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $OTIS

    DatePrice TargetRatingAnalyst
    12/12/2024$104.00Peer Perform → Underperform
    Wolfe Research
    12/5/2024$94.00Equal Weight → Underweight
    Barclays
    11/13/2024$97.00 → $113.00Neutral
    UBS
    10/8/2024Outperform → Peer Perform
    Wolfe Research
    9/6/2024$97.00Equal-Weight
    Morgan Stanley
    4/2/2024Hold
    Melius
    2/22/2024$102.00Hold → Buy
    Argus
    1/2/2024Buy → Hold
    Vertical Research
    More analyst ratings

    $OTIS
    Leadership Updates

    Live Leadership Updates

    See more
    • Otis Appoints Cristina Méndez Executive Vice President & Chief Financial Officer

      She succeeds Anurag Maheshwari to lead financial activities at Otis FARMINGTON, Conn., July 19, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Cristina Méndez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO & President, Judy Marks. Effective August 23, Méndez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis.  "Cristina has deep expertise in financial management and extensive experience leading transformation within and outside Otis. She understands our long-term strategy and service-driven business model and how to drive growth and shareholder value," said Marks. "As a strategi

      7/19/24 8:29:00 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • Otis Publishes 2023 ESG Report

      Reinforces commitment to ESG in support of its business strategy FARMINGTON, Conn., June 12, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) published its 2023 ESG Report, describing its Environmental, Social and Governance (ESG) strategy and outlining progress on its 13 ESG goals. The Otis ESG strategy focuses on the key areas of Health & Safety, Environment & Impact, People & Communities, and Governance & Accountability. Progress made in each helps to drive value for stakeholders and to advance the company's business strategy across five strategic pillars: sustain New Equipment growth, accelerate Service portfolio growth, deliver modernization value, advance digitalization, an

      6/12/24 4:45:00 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • EXL Announces Appointment of Thomas Bartlett to Board of Directors and Retirement of Board Member Som Mittal

      NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- EXL (NASDAQ:EXLS), a leading data analytics and digital operations and solutions company, announced today that Thomas Bartlett has been appointed to EXL's board of directors as an independent director, effective March 6, 2024. Bartlett will serve on the board's audit committee and nominating and governance committee.   The company also announced that Som Mittal has notified the board that he will not stand for re-election at EXL's 2024 annual meeting of stockholders and therefore will be retiring from the board in June 2024. "We are excited to welcome Tom to the board," said Board Chair Vikram Pandit. "Tom brings a tremendous amount of experien

      3/7/24 4:01:00 PM ET
      $EXLS
      $OTIS
      Business Services
      Consumer Discretionary
      Consumer Electronics/Appliances
      Technology

    $OTIS
    SEC Filings

    See more
    • SEC Form 10-Q filed by Otis Worldwide Corporation

      10-Q - Otis Worldwide Corp (0001781335) (Filer)

      4/24/25 4:12:47 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • SEC Form DEFA14A filed by Otis Worldwide Corporation

      DEFA14A - Otis Worldwide Corp (0001781335) (Filer)

      4/24/25 4:08:12 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • Otis Worldwide Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Otis Worldwide Corp (0001781335) (Filer)

      4/23/25 6:06:30 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology

    $OTIS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Otis Worldwide downgraded by Wolfe Research with a new price target

      Wolfe Research downgraded Otis Worldwide from Peer Perform to Underperform and set a new price target of $104.00

      12/12/24 7:02:22 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • Otis Worldwide downgraded by Barclays with a new price target

      Barclays downgraded Otis Worldwide from Equal Weight to Underweight and set a new price target of $94.00

      12/5/24 8:15:08 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • UBS resumed coverage on Otis Worldwide with a new price target

      UBS resumed coverage of Otis Worldwide with a rating of Neutral and set a new price target of $113.00 from $97.00 previously

      11/13/24 8:50:24 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology

    $OTIS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President, Otis Asia Pacific De Montlivault Stephane exercised 16,250 shares at a strike of $81.85, returned $1,330,002 worth of shares to the company (12,627 units at $105.33) and sold $701,287 worth of shares (6,660 units at $105.30), decreasing direct ownership by 5% to 63,931 units (SEC Form 4)

      4 - Otis Worldwide Corp (0001781335) (Issuer)

      3/11/25 5:07:39 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • EVP & CFO Mendez Echevarria Maria Cristina covered exercise/tax liability with 328 shares and converted options into 838 shares, increasing direct ownership by 18% to 3,294 units (SEC Form 4)

      4 - Otis Worldwide Corp (0001781335) (Issuer)

      3/3/25 5:11:33 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • President, Otis China Loh Sally converted options into 1,228 shares, increasing direct ownership by 4% to 32,345 units (SEC Form 4)

      4 - Otis Worldwide Corp (0001781335) (Issuer)

      3/3/25 5:10:16 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology

    $OTIS
    Financials

    Live finance-specific insights

    See more
    • OTIS REPORTS FIRST QUARTER 2025 RESULTS

      Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4%GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bpsGAAP EPS down 29% and adjusted EPS up 5%Maintenance portfolio units up 4%Modernization orders up 12%, backlog up 13%, up 14% at constant currencyGAAP cash flow from operations of $190 million; adjusted free cash flow of $186 millionShare repurchases of approximately $250 millionFARMINGTON, Conn., April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus t

      4/23/25 6:28:00 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • Otis Announces 8 Percent Increase in Quarterly Dividend to $0.42 per Share

      FARMINGTON, Conn., April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, representing an 8% increase. The dividend will be payable on June 6, 2025, to shareholders of record at the close of business on May 16, 2025. "We are pleased to announce a dividend increase for the fifth consecutive year, which demonstrates our commitment to creating value for our shareholders through our disciplined capital allocation strategy," said Judy Marks, Otis Chair, CEO and President. "Our dividend has increased approximately 110% since our spin in 2020, supported by the strength of our Service

      4/22/25 4:15:00 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • Otis First Quarter 2025 Earnings Advisory

      FARMINGTON, Conn., April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's first quarter results and 2025 outlook. We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the website later in the day. If you are unable to join via the webcast, please contact Otis investor relations ([email protected]) for alternative dial-in information. Additional inve

      4/9/25 7:00:00 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology

    $OTIS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Otis Announces Global Winner in its Made to Move Communities™ Challenge

      Team from Pembroke Pines Charter High School in Florida proposes smartphone app that uses Artificial Intelligence to aid visually impaired people; wins grants to support STEM programming at school FARMINGTON, Conn., May 7, 2025 /PRNewswire/ -- Students from Pembroke Pines Charter High School in Pembroke Pines, Florida are the first-ever global winners of the Otis Made to Move Communities student challenge for their idea to develop a smartphone app that uses Artificial Intelligence to aid visually impaired people.  More than 250 students from 28 schools across 16 countries and

      5/7/25 9:01:00 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • OTIS REPORTS FIRST QUARTER 2025 RESULTS

      Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4%GAAP operating profit margin down 350 bps, adjusted operating profit margin up 40 bpsGAAP EPS down 29% and adjusted EPS up 5%Maintenance portfolio units up 4%Modernization orders up 12%, backlog up 13%, up 14% at constant currencyGAAP cash flow from operations of $190 million; adjusted free cash flow of $186 millionShare repurchases of approximately $250 millionFARMINGTON, Conn., April 23, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2025 net sales of $3.3 billion with organic sales flat versus t

      4/23/25 6:28:00 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • Otis Announces 8 Percent Increase in Quarterly Dividend to $0.42 per Share

      FARMINGTON, Conn., April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE:OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, representing an 8% increase. The dividend will be payable on June 6, 2025, to shareholders of record at the close of business on May 16, 2025. "We are pleased to announce a dividend increase for the fifth consecutive year, which demonstrates our commitment to creating value for our shareholders through our disciplined capital allocation strategy," said Judy Marks, Otis Chair, CEO and President. "Our dividend has increased approximately 110% since our spin in 2020, supported by the strength of our Service

      4/22/25 4:15:00 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology

    $OTIS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Otis Worldwide Corporation

      SC 13G - Otis Worldwide Corp (0001781335) (Subject)

      10/10/24 12:36:28 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • SEC Form SC 13G/A filed by Otis Worldwide Corporation (Amendment)

      SC 13G/A - Otis Worldwide Corp (0001781335) (Subject)

      2/12/24 1:59:55 PM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology
    • SEC Form SC 13G/A filed by Otis Worldwide Corporation (Amendment)

      SC 13G/A - Otis Worldwide Corp (0001781335) (Subject)

      1/10/24 10:16:55 AM ET
      $OTIS
      Consumer Electronics/Appliances
      Technology