Fort Washington Investment Advisors Inc. OH Reduces Stock Position in EMCOR Group, Inc. (NYSE:EME)

Fort Washington Investment Advisors Inc. OH decreased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 8.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 37,950 shares of the construction company’s stock after selling 3,410 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.08% of EMCOR Group worth $13,855,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EME. Matrix Trust Co bought a new position in shares of EMCOR Group in the second quarter valued at approximately $26,000. Proffitt & Goodson Inc. purchased a new position in shares of EMCOR Group during the 2nd quarter valued at $27,000. V Square Quantitative Management LLC bought a new position in shares of EMCOR Group in the first quarter worth $28,000. Innealta Capital LLC purchased a new stake in shares of EMCOR Group in the second quarter worth $29,000. Finally, ORG Partners LLC bought a new stake in EMCOR Group during the second quarter valued at $31,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $392.78 on Friday. The firm has a 50 day simple moving average of $367.71 and a two-hundred day simple moving average of $354.23. The stock has a market cap of $18.46 billion, a PE ratio of 25.91 and a beta of 1.06. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $401.98.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the firm earned $2.95 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. On average, research analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the transaction, the director now owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the sale, the director now owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the transaction, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.