Principal Securities Inc. Acquires 220 Shares of EMCOR Group, Inc. (NYSE:EME)

Principal Securities Inc. increased its stake in EMCOR Group, Inc. (NYSE:EME) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,087 shares of the construction company’s stock after acquiring an additional 220 shares during the quarter. Principal Securities Inc.’s holdings in EMCOR Group were worth $1,401,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EME. True Wealth Design LLC raised its holdings in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC bought a new position in EMCOR Group in the third quarter worth approximately $49,000. SJS Investment Consulting Inc. grew its stake in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after acquiring an additional 94 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group during the third quarter valued at approximately $55,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of EMCOR Group during the third quarter worth approximately $62,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Up 1.7 %

EMCOR Group stock opened at $433.64 on Wednesday. EMCOR Group, Inc. has a 52 week low of $248.31 and a 52 week high of $545.29. The company’s 50 day moving average price is $469.45 and its two-hundred day moving average price is $445.97. The stock has a market cap of $19.95 billion, a P/E ratio of 22.02 and a beta of 1.11.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.23%. EMCOR Group’s dividend payout ratio is currently 5.08%.

About EMCOR Group

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.