Florida Trust Wealth Management Co Buys Shares of 1,247 EMCOR Group, Inc. $EME

Florida Trust Wealth Management Co bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,247 shares of the construction company’s stock, valued at approximately $763,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Main Street Group LTD grew its position in shares of EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of EMCOR Group during the 4th quarter worth approximately $26,000. Quent Capital LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $29,000. Orion Capital Management LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $31,000. Finally, Eastern Bank acquired a new stake in shares of EMCOR Group during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.1%

NYSE EME opened at $757.22 on Tuesday. The company has a fifty day simple moving average of $749.56 and a 200 day simple moving average of $685.51. EMCOR Group, Inc. has a 12-month low of $324.80 and a 12-month high of $835.00. The company has a market cap of $33.72 billion, a P/E ratio of 26.82 and a beta of 1.11.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the firm posted $6.32 EPS. EMCOR Group’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its board has initiated a stock repurchase plan on Thursday, December 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.67%.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 36,000 shares of EMCOR Group stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the sale, the chief executive officer owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on EME shares. Cantor Fitzgerald started coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. UBS Group raised their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, DA Davidson raised their price objective on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $784.43.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.