EMCOR Group, Inc. $EME Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,456 shares of the construction company’s stock after selling 29 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in EMCOR Group were worth $2,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its stake in EMCOR Group by 28.6% during the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock valued at $103,000 after purchasing an additional 62 shares during the period. Janney Montgomery Scott LLC boosted its stake in EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock valued at $7,317,000 after purchasing an additional 3,407 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock valued at $3,955,000 after purchasing an additional 6,361 shares during the period. Fifth Third Bancorp boosted its stake in EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock valued at $312,000 after purchasing an additional 126 shares during the period. Finally, GAMMA Investing LLC boosted its stake in EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock valued at $374,000 after purchasing an additional 262 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EME has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. William Blair initiated coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Baird R W raised shares of EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. TD Securities initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating for the company. Finally, Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus price target of $594.50.

EMCOR Group Stock Up 0.8%

EME stock opened at $633.83 on Monday. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The firm has a market cap of $28.37 billion, a PE ratio of 26.30 and a beta of 1.28. The firm has a 50 day simple moving average of $612.05 and a 200 day simple moving average of $500.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the business earned $5.25 earnings per share. The business’s quarterly revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 4.15%.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.