Ballentine Partners LLC Acquires New Shares in EMCOR Group, Inc. $EME

Ballentine Partners LLC bought a new position in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 542 shares of the construction company’s stock, valued at approximately $290,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of EMCOR Group by 149.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,268 shares of the construction company’s stock worth $13,738,000 after acquiring an additional 18,119 shares during the period. GAMMA Investing LLC grew its position in EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company’s stock worth $138,266,000 after purchasing an additional 373,316 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of EMCOR Group by 1,568.8% in the first quarter. Rothschild Investment LLC now owns 267 shares of the construction company’s stock valued at $99,000 after purchasing an additional 251 shares during the period. BTC Capital Management Inc. raised its holdings in shares of EMCOR Group by 11.8% during the first quarter. BTC Capital Management Inc. now owns 1,772 shares of the construction company’s stock valued at $655,000 after buying an additional 187 shares during the last quarter. Finally, NBC Securities Inc. raised its holdings in shares of EMCOR Group by 104,800.0% during the first quarter. NBC Securities Inc. now owns 3,147 shares of the construction company’s stock valued at $1,163,000 after buying an additional 3,144 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME opened at $641.97 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The firm’s 50 day moving average is $620.23 and its 200-day moving average is $509.43. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The stock has a market capitalization of $28.73 billion, a P/E ratio of 26.64 and a beta of 1.28.

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

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EME. Jefferies Financial Group started coverage on EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. Robert W. Baird initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 price target for the company. Hovde Group raised EMCOR Group to a “hold” rating in a report on Friday, June 27th. Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective on the stock. in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $594.50.

EMCOR Group Company 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.