On Sept. 20, 1853, Elisha Graves Otis sold his first “hoist machine,” or elevator, featuring an automatic safety brake he had patented. His seemingly simple invention was designed to stop a platform ...

There are more than 1 million elevators in use across the U.S. and Canada, including many that are at least 20 years old – posing a risk of operational challenges and frustration for building owners ...

We’ve lifted our fair value estimate for Otis Worldwide by 30% to $95 per share following a transfer of coverage and a fresh look at our long-term thesis. We are more positive on the secular growth ...