Ryan Michael Patrick, an insider at Otis Worldwide Corp (OTIS), acquired 2,671 shares of the company on December 2, 2025, at a price of $86.94 per share, bringing the total transaction value to approximately $232,000. Following this purchase, Patrick holds a total of 2,671 shares in the company.
Otis Worldwide Corp, a leading manufacturer and service provider of elevators and escalators, operates within the machinery industry. The company, headquartered in Farmington, Connecticut, employs around 72,000 full-time staff and serves customers in over 200 countries. Otis went public on March 18, 2020, and has segments focused on new equipment and service, including a range of advanced elevator solutions such as the SkyRise platform.
The company's recent financial snapshot shows a market capitalisation of $33.9 billion, a price-to-earnings ratio of 25.14, and earnings per share of 3.39. Otis also offers a notable dividend yield of 193.2%. Upcoming earnings reports are scheduled for April 21, 2026, with estimated earnings per share of $1.02 and revenue of $3.7 billion, followed by another report on July 21, 2026, with estimated earnings per share of $1.13 and revenue of $3.9 billion.
Insider transactions, such as this purchase, are reported to the SEC and provide transparency regarding executive sentiment towards their company’s stock. While insider buying can be interpreted as a positive signal, it is prudent for investors to consider a broader context, including patterns of activity across multiple insiders and over time, rather than relying solely on individual transactions.