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Barchart
Rashmi Kumari

Otis Worldwide Stock: Is OTIS Underperforming the Industrial Sector?

Otis Street

Based in Farmington, Connecticut, Otis Worldwide Corporation (OTIS) engages in manufacturing, installation, and servicing of elevators and escalators. Valued at a market cap of $37.3 billion, the company developed a range of elevator and escalator solutions, including Gen360 elevator & Gen2 systems, and has a maintenance portfolio of more than 2 million units throughout the globe.

Companies valued at $10 billion or more are generally labeled as “large-cap” stocks, and Otis fits this criterion perfectly. Otis has built a solid market presence, driven by its leadership in the elevator and escalator industry, providing essential services for the installation, maintenance, and modernization of vertical transportation systems. 

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