Bank of New York Mellon Corp Lowers Holdings in EMCOR Group, Inc. $EME

Bank of New York Mellon Corp trimmed its position in EMCOR Group, Inc. (NYSE:EME) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,977 shares of the construction company’s stock after selling 12,752 shares during the period. Bank of New York Mellon Corp’s holdings in EMCOR Group were worth $203,018,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in EMCOR Group by 132,234.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after buying an additional 669,105 shares in the last quarter. Norges Bank purchased a new stake in shares of EMCOR Group in the 4th quarter valued at about $389,702,000. Bank of Montreal Can boosted its position in shares of EMCOR Group by 425.8% during the 4th quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock valued at $342,894,000 after acquiring an additional 453,876 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of 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 acquiring an additional 327,606 shares during the last quarter. Finally, Earnest Partners LLC purchased a new position in shares of EMCOR Group during the fourth quarter worth about $156,714,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EMCOR Group

In other news, CFO Jason R. Nalbandian sold 800 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the sale, the chief financial officer owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Reid sold 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares in the company, valued at approximately $9,395,741.22. This represents a 16.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,027 shares of company stock worth $8,957,466. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a research note on Tuesday, June 16th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Finally, Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $871.25.

EMCOR Group Trading Down 1.2%

Shares of EMCOR Group stock opened at $741.30 on Friday. The firm has a market capitalization of $32.94 billion, a PE ratio of 24.87 and a beta of 1.13. The business’s 50-day moving average price is $829.21 and its 200-day moving average price is $779.67. EMCOR Group, Inc. has a 12 month low of $540.00 and a 12 month high of $951.96.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. EMCOR Group’s payout ratio is presently 5.37%.

About EMCOR Group

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.