Savant Capital LLC Reduces Holdings in EMCOR Group, Inc. $EME

Savant Capital LLC trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 41.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,733 shares of the construction company’s stock after selling 5,402 shares during the quarter. Savant Capital LLC’s holdings in EMCOR Group were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nordea Investment Management AB lifted its position in EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of EMCOR Group in the 2nd quarter worth about $1,606,000. Raymond James Financial Inc. increased its stake in shares of EMCOR Group by 8.7% in the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock worth $37,531,000 after acquiring an additional 8,166 shares in the last quarter. Earned Wealth Advisors LLC bought a new position in shares of EMCOR Group in the 2nd quarter worth about $204,000. Finally, Belpointe Asset Management LLC purchased a new position in EMCOR Group during the 1st quarter valued at about $277,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE EME opened at $649.15 on Monday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The firm has a market cap of $29.06 billion, a P/E ratio of 26.94 and a beta of 1.25. The company has a 50 day moving average of $661.69 and a 200 day moving average of $574.18. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.02%.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a report on Friday, October 31st. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.83% 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.