Wellington Management Group LLP Trims Stock Holdings in EMCOR Group, Inc. $EME

Wellington Management Group LLP decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 21.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,189 shares of the construction company’s stock after selling 29,352 shares during the quarter. Wellington Management Group LLP’s holdings in EMCOR Group were worth $88,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of EMCOR Group during the 2nd quarter valued at $3,416,412,000. State Street Corp boosted its stake in EMCOR Group by 2.2% in the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock worth $1,158,603,000 after purchasing an additional 40,801 shares during the period. Geode Capital Management LLC grew its holdings in EMCOR Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock valued at $869,343,000 after buying an additional 7,790 shares in the last quarter. Victory Capital Management Inc. grew its holdings in EMCOR Group by 34.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after buying an additional 327,606 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of EMCOR Group by 10.5% during the fourth quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock valued at $488,986,000 after buying an additional 75,692 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EME. Oppenheimer raised their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Cantor Fitzgerald decreased their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. UBS Group boosted their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings cut shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Finally, Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $965.86.

EMCOR Group Price Performance

Shares of EME opened at $735.31 on Wednesday. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The company has a market capitalization of $32.43 billion, a P/E ratio of 22.87 and a beta of 1.13. The firm’s 50 day simple moving average is $784.79 and its 200 day simple moving average is $800.67.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.98%.

Insider Transactions at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by company insiders.

EMCOR Group Profile

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.