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Farmington, Connecticut-based Otis Worldwide Corporation (OTIS) manufactures, installs, and services building systems. Valued at $35 billion by market cap, the company offers elevators, escalators, and other moving products.
Shares of elevator giant have underperformed the broader market over the past year. OTIS has declined 6.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 14.4%. However, in 2026, OTIS stock is up 3.1%, surpassing the SPX’s 1.4% rise on a YTD basis.