Is Otis Stock a Buy Now?

In the maelstrom of the COVID-19 pandemic, many investors would have missed the fact that three new industrial companies were created out of the former United Technologies business. Having already looked at Raytheon Technologies (a merger of UTC's aerospace businesses and Raytheon Company), and heating, ventilation, and air conditioning company Carrier (spun out of UTC), it's time to turn attention to another UTS spinout, Otis (NYSE: OTIS). To illustrate the first point, you only have to look at a chart of regional sales for Otis and its key rival, Finland's KONE (OTC: KNYJY).