Sumitomo Mitsui DS Asset Management Company Ltd Purchases 75 Shares of EMCOR Group, Inc. (NYSE:EME)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,491 shares of the construction company’s stock after buying an additional 75 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in EMCOR Group were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its holdings in shares of EMCOR Group by 8.1% during the first quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock worth $160,000 after purchasing an additional 34 shares during the last quarter. GAMMA Investing LLC grew its holdings in EMCOR Group by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after acquiring an additional 35 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in EMCOR Group by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after acquiring an additional 46 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of EMCOR Group by 30.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock worth $73,000 after acquiring an additional 47 shares during the last quarter. Finally, Cooper Financial Group lifted its holdings in EMCOR Group by 3.7% during the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock worth $485,000 after buying an additional 47 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the transaction, the director now directly owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

EME has been the topic of a number of research reports. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson boosted their target price on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Stock Performance

NYSE:EME opened at $455.10 on Tuesday. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $456.16. The stock has a 50-day simple moving average of $405.91 and a 200 day simple moving average of $381.45. The company has a market cap of $21.39 billion, a PE ratio of 30.02 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the firm posted $2.95 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s payout ratio is 6.60%.

EMCOR Group Profile

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.