Schroder Investment Management Group Decreases Stock Position in EMCOR Group, Inc. $EME

Schroder Investment Management Group cut its position in EMCOR Group, Inc. (NYSE:EME) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,977 shares of the construction company’s stock after selling 4,685 shares during the period. Schroder Investment Management Group owned 0.18% of EMCOR Group worth $43,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in EME. LPL Financial LLC boosted its stake in EMCOR Group by 33.0% during the 1st quarter. LPL Financial LLC now owns 60,154 shares of the construction company’s stock worth $22,235,000 after purchasing an additional 14,930 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of EMCOR Group by 11.0% in the first quarter. Mackenzie Financial Corp now owns 3,914 shares of the construction company’s stock worth $1,447,000 after buying an additional 389 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in EMCOR Group by 4.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,444 shares of the construction company’s stock worth $1,273,000 after acquiring an additional 159 shares during the last quarter. Manchester Capital Management LLC boosted its position in EMCOR Group by 10.0% during the first quarter. Manchester Capital Management LLC now owns 659 shares of the construction company’s stock worth $244,000 after acquiring an additional 60 shares during the last quarter. Finally, Raiffeisen Bank International AG grew its stake in EMCOR Group by 265.9% during the 1st quarter. Raiffeisen Bank International AG now owns 6,246 shares of the construction company’s stock valued at $2,316,000 after acquiring an additional 4,539 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

EMCOR Group stock opened at $614.74 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The company’s 50 day simple moving average is $657.91 and its 200-day simple moving average is $593.63. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 25.51 and a beta of 1.25.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.02%.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EME shares. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a research note on Friday, October 31st. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, UBS Group set a $750.00 price target on shares of EMCOR Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $692.83.

About EMCOR Group

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.