Nordea Investment Management AB Sells 16,048 Shares of EMCOR Group, Inc. $EME

Nordea Investment Management AB trimmed its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 391,244 shares of the construction company’s stock after selling 16,048 shares during the period. Nordea Investment Management AB’s holdings in EMCOR Group were worth $241,624,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Great Lakes Advisors LLC raised its stake in EMCOR Group by 32.3% during the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares during the period. Geneos Wealth Management Inc. boosted its stake in EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the period. Sivia Capital Partners LLC bought a new position in EMCOR Group in the 2nd quarter worth approximately $459,000. Wealthspire Advisors LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at approximately $229,000. Finally, Swiss National Bank raised its position in shares of EMCOR Group by 6.2% during the second quarter. Swiss National Bank now owns 137,700 shares of the construction company’s stock valued at $73,654,000 after buying an additional 8,000 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EME. DA Davidson boosted their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus raised their target price on shares of EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Robert W. Baird lifted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Cantor Fitzgerald began coverage on shares of EMCOR Group in a research note on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price target on the stock. Finally, UBS Group increased their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday, March 6th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $784.43.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of EMCOR Group stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the transaction, the chief executive officer directly owned 170,299 shares of the company’s stock, valued at $124,229,714.52. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group Trading Down 3.3%

Shares of NYSE EME opened at $726.57 on Monday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $835.00. The firm’s 50-day moving average price is $737.03 and its 200-day moving average price is $676.41. The stock has a market capitalization of $32.36 billion, a price-to-earnings ratio of 25.74 and a beta of 1.16.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $7.19 earnings per share for the quarter, topping the consensus estimate of $6.68 by $0.51. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the firm posted $6.32 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is currently 5.67%.

EMCOR Group declared that its board has approved a share repurchase program on Thursday, December 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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.