Aberdeen Group plc Raises Stock Holdings in EMCOR Group, Inc. $EME

Aberdeen Group plc boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 139.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,742 shares of the construction company’s stock after purchasing an additional 1,599 shares during the quarter. Aberdeen Group plc’s holdings in EMCOR Group were worth $1,473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its position in shares of EMCOR Group by 28.6% in the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock worth $103,000 after purchasing an additional 62 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in EMCOR Group by 20.8% in the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock worth $7,317,000 after purchasing an additional 3,407 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in EMCOR Group by 146.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock valued at $3,955,000 after buying an additional 6,361 shares during the last quarter. GAMMA Investing LLC raised its stake in EMCOR Group by 34.9% during the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock valued at $374,000 after buying an additional 262 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in EMCOR Group by 8.7% during the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock worth $37,531,000 after buying an additional 8,166 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EME shares. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research report on Thursday, August 7th. DA Davidson increased their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an “outperform” rating and a $560.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Stock Up 0.4%

Shares of EMCOR Group stock opened at $689.81 on Friday. The business’s fifty day moving average price is $638.04 and its two-hundred day moving average price is $536.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market capitalization of $30.88 billion, a P/E ratio of 28.62 and a beta of 1.24. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $697.91.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

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.