Entropy Technologies LP Has $2.77 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Entropy Technologies LP increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 386.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,091 shares of the construction company’s stock after purchasing an additional 4,839 shares during the quarter. Entropy Technologies LP’s holdings in EMCOR Group were worth $2,765,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Perigon Wealth Management LLC lifted its stake in EMCOR Group by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after acquiring an additional 19 shares during the last quarter. Adirondack Trust Co. lifted its stake in EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after acquiring an additional 20 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after acquiring an additional 21 shares during the last quarter. Caprock Group LLC lifted its stake in EMCOR Group by 0.4% in the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after acquiring an additional 22 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 1.3 %

EME stock opened at $461.07 on Friday. EMCOR Group, Inc. has a 12 month low of $238.94 and a 12 month high of $545.29. The firm has a market cap of $21.21 billion, a P/E ratio of 23.42 and a beta of 1.11. The company’s 50-day moving average price is $477.56 and its two-hundred day moving average price is $441.75.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EME shares. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group 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.