Illinois Tool Works Inc. vs Otis Worldwide Corp — how do they compare? Illinois Tool Works Inc. trades at $293.7 (market cap $83.49B), while Otis Worldwide Corp trades at $73.25 (market cap $27.80B). The key difference: Illinois Tool Works Inc. is far larger — about 3× Otis Worldwide Corp's market cap, and Otis Worldwide Corp pays the higher dividend (2.41%). Which is the better fit depends on your goals.
| ITW | OTIS | |
|---|---|---|
Market Cap | $83.49B | $27.80B |
Sector | Industrials | Industrials |
52-Week High | $299.60 | $93.62 |
52-Week Low | $241.07 | $69.34 |
Enterprise Value | $92.34B | $35.84B |
Dividend Yield | 2.35% | 2.41% |
Trailing returns across standard periods
Latest headlines on both assets
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
Read more on ITW →Otis is the largest global elevator and escalator supplier by revenue with around one quarter of share excluding Japan. In 1854 Otis' founder and namesake, Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed.The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15-20 year useful life of an elevator. As the largest global OEM, over decades Otis has built a base of 2 million elevators under service. Its business model is much the same as that of its competitors Kone, Schindler, and Thyssenkrupp.
Read more on OTIS →