Trust Point Inc. Has $1.04 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Trust Point Inc. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,288 shares of the construction company’s stock after acquiring an additional 452 shares during the period. Trust Point Inc.’s holdings in EMCOR Group were worth $1,039,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EME. World Investment Advisors LLC acquired a new stake in EMCOR Group during the third quarter worth approximately $100,282,000. Nordea Investment Management AB increased its holdings in shares of EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after purchasing an additional 136,501 shares during the period. Swedbank AB increased its holdings in shares of EMCOR Group by 399.4% during the fourth quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock worth $69,648,000 after purchasing an additional 122,716 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of EMCOR Group by 45.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after purchasing an additional 88,074 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of EMCOR Group during the third quarter worth approximately $31,140,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EME has been the topic of several recent research reports. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $448.80 on Tuesday. The company’s 50 day simple moving average is $483.05 and its 200 day simple moving average is $439.71. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 22.79 and a beta of 1.11. EMCOR Group, Inc. has a 1 year low of $229.75 and a 1 year high of $545.29.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s payout ratio is presently 5.08%.

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.