Ticker | OTIS |
FIGI | BBG00RP60KV0 |
CUSIP | 68902V107 |
Sector | Industrials |
Equity Type | Common Stock |
No. Companies Holding this Equity | 1133 / 16.1% |
Percentage held by institutional investors | 85.8% |
About
Otis Worldwide Corporation (branded as the Otis Elevator Company, its former legal name) is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. Based in Farmington, Connecticut, U.S., Otis is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, moving walkways, and escalators. The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail. Wikipedia