Sumitomo Mitsui Trust Group Inc. Grows Stake in EMCOR Group, Inc. $EME

Sumitomo Mitsui Trust Group Inc. grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 7.4% during the third quarter, HoldingsChannel reports. The firm owned 101,960 shares of the construction company’s stock after buying an additional 7,021 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in EMCOR Group were worth $66,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EME. Great Lakes Advisors LLC lifted its holdings in EMCOR Group by 32.3% in the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after buying an additional 144 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after acquiring an additional 106 shares in the last quarter. Voya Investment Management LLC boosted its holdings in EMCOR Group by 23.5% in the first quarter. Voya Investment Management LLC now owns 32,864 shares of the construction company’s stock valued at $12,148,000 after purchasing an additional 6,244 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new position in EMCOR Group in the second quarter valued at about $1,002,000. Finally, Pallas Capital Advisors LLC increased its holdings in EMCOR Group by 71.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 4,512 shares of the construction company’s stock worth $2,413,000 after purchasing an additional 1,886 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the sale, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $660.20 on Thursday. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The company has a fifty day moving average price of $625.52 and a two-hundred day moving average price of $627.23. The company has a market cap of $29.56 billion, a PE ratio of 26.55 and a beta of 1.17.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the business posted $5.80 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has authorized a stock buyback program on Thursday, December 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 14th. EMCOR Group’s dividend payout ratio is currently 4.02%.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of recent analyst reports. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and upped their price target for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. DA Davidson raised their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $692.83.

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.