EMCOR Group, Inc. (NYSE:EME) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its position in EMCOR Group, Inc. (NYSE:EME) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,108 shares of the construction company’s stock after selling 1,504 shares during the quarter. EMCOR Group makes up approximately 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 18th biggest position. Marks Group Wealth Management Inc’s holdings in EMCOR Group were worth $10,035,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC boosted its stake in EMCOR Group by 87.9% during the 3rd quarter. CWM LLC now owns 4,243 shares of the construction company’s stock worth $1,827,000 after purchasing an additional 1,985 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of EMCOR Group by 104.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,127 shares of the construction company’s stock valued at $485,000 after buying an additional 577 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at about $33,000. Creative Planning boosted its stake in shares of EMCOR Group by 5.3% during the third quarter. Creative Planning now owns 9,939 shares of the construction company’s stock worth $4,279,000 after buying an additional 504 shares during the period. Finally, Swedbank AB grew its holdings in shares of EMCOR Group by 27.7% during the third quarter. Swedbank AB now owns 30,727 shares of the construction company’s stock worth $13,229,000 after buying an additional 6,664 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. Finally, Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Trading Down 4.3 %

NYSE EME opened at $446.25 on Wednesday. The business’s 50 day moving average is $476.79 and its two-hundred day moving average is $443.64. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 22.66 and a beta of 1.11. EMCOR Group, Inc. has a 12-month low of $238.94 and a 12-month high of $545.29.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s dividend 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.