Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in EMCOR Group, Inc. $EME

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 6.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 94,939 shares of the construction company’s stock after selling 6,980 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in EMCOR Group were worth $50,782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EME. Pacer Advisors Inc. raised its holdings in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after purchasing an additional 521,147 shares in the last quarter. New Vernon Capital Holdings II LLC purchased a new position in EMCOR Group during the first quarter worth about $114,220,000. Jones Financial Companies Lllp raised its holdings in EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after purchasing an additional 285,942 shares in the last quarter. AQR Capital Management LLC raised its holdings in EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Finally, Nuveen LLC purchased a new position in EMCOR Group in the first quarter valued at about $71,821,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of research analyst reports. DA Davidson increased their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Finally, Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Stock Up 0.8%

EME stock opened at $754.12 on Tuesday. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $755.57. The company’s 50 day simple moving average is $649.26 and its 200-day simple moving average is $553.65. The firm has a market capitalization of $33.75 billion, a PE ratio of 31.29 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

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, topping analysts’ consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business earned $5.25 earnings per share. EMCOR Group’s revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors 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 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

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.