Patton Fund Management Inc. Cuts Holdings in EMCOR Group, Inc. $EME

Patton Fund Management Inc. decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 29.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 6,592 shares of the construction company’s stock after selling 2,760 shares during the quarter. EMCOR Group accounts for about 0.8% of Patton Fund Management Inc.’s portfolio, making the stock its 18th largest position. Patton Fund Management Inc.’s holdings in EMCOR Group were worth $4,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EME. Swiss RE Ltd. purchased a new stake in EMCOR Group during the fourth quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in EMCOR Group during the fourth quarter worth about $26,000. Zions Bancorporation National Association UT purchased a new position in shares of EMCOR Group in the 4th quarter worth about $28,000. Activest Wealth Management boosted its holdings in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its position in shares of EMCOR Group by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EME shares. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Oppenheimer started coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a report on Tuesday, June 16th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

EMCOR Group Trading Up 0.3%

Shares of NYSE:EME opened at $800.67 on Monday. The stock’s 50-day moving average price is $856.74 and its 200-day moving average price is $764.13. EMCOR Group, Inc. has a 12-month low of $516.91 and a 12-month high of $951.96. The stock has a market capitalization of $35.58 billion, a P/E ratio of 26.86 and a beta of 1.12.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s payout ratio is 5.37%.

Insiders Place Their Bets

In other EMCOR Group news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, the director owned 10,149 shares in the company, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert Peter Lind sold 675 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total value of $603,632.25. Following the sale, the vice president directly owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. This trade represents a 13.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 10,027 shares of company stock worth $8,957,466. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.