Barlow Wealth Partners Inc. Takes Position in EMCOR Group, Inc. (NYSE:EME)

Barlow Wealth Partners Inc. acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,608 shares of the construction company’s stock, valued at approximately $12,598,000. Barlow Wealth Partners Inc. owned about 0.06% of EMCOR Group at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EME. Matrix Trust Co acquired a new stake in shares of EMCOR Group in the second quarter worth about $26,000. Proffitt & Goodson Inc. bought a new position in EMCOR Group during the second quarter valued at about $27,000. Innealta Capital LLC bought a new position in EMCOR Group during the second quarter valued at about $29,000. ORG Partners LLC acquired a new position in shares of EMCOR Group in the 2nd quarter worth approximately $31,000. Finally, Independence Bank of Kentucky acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

EMCOR Group Trading Up 0.1 %

Shares of NYSE:EME traded up $0.62 during mid-day trading on Wednesday, reaching $440.36. The stock had a trading volume of 10,441 shares, compared to its average volume of 440,905. The firm has a market cap of $20.70 billion, a PE ratio of 29.01 and a beta of 1.07. The firm has a 50 day simple moving average of $388.92 and a two-hundred day simple moving average of $375.36. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $445.65.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, beating 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 the consensus estimate of $3.52 billion. During the same period last year, the company posted $2.95 EPS. EMCOR Group’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts anticipate that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s payout ratio is 6.60%.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 $3,202,513.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.26% of the company’s stock.

EMCOR Group Company 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.