Sumitomo Mitsui Trust Group Inc. Raises Holdings in EMCOR Group, Inc. (NYSE:EME)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,201 shares of the construction company’s stock after purchasing an additional 1,447 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of EMCOR Group worth $47,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EME. CWM LLC grew its position in shares of EMCOR Group by 87.9% in the 3rd quarter. CWM LLC now owns 4,243 shares of the construction company’s stock worth $1,827,000 after buying an additional 1,985 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of EMCOR Group by 104.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,127 shares of the construction company’s stock worth $485,000 after purchasing an additional 577 shares during the last quarter. Oliver Luxxe Assets LLC lifted its stake in EMCOR Group by 256.5% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,742 shares of the construction company’s stock valued at $2,042,000 after acquiring an additional 3,412 shares during the period. ORG Wealth Partners LLC acquired a new position in EMCOR Group during the third quarter valued at $33,000. Finally, Creative Planning boosted its stake in shares of EMCOR Group by 5.3% in the third quarter. Creative Planning now owns 9,939 shares of the construction company’s stock worth $4,279,000 after buying an additional 504 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 1.2 %

Shares of NYSE EME opened at $467.06 on Tuesday. The stock has a fifty day simple moving average of $477.56 and a 200-day simple moving average of $442.79. EMCOR Group, Inc. has a twelve month low of $238.94 and a twelve month high of $545.29. The stock has a market capitalization of $21.48 billion, a PE ratio of 23.72 and a beta of 1.11.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

Analyst Ratings Changes

EME has been the subject of several analyst reports. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. 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 stock. According to MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

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.