Geode Capital Management LLC Sells 40,642 Shares of EMCOR Group, Inc. $EME

Geode Capital Management LLC cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,040,559 shares of the construction company’s stock after selling 40,642 shares during the quarter. Geode Capital Management LLC owned approximately 2.32% of EMCOR Group worth $555,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in EMCOR Group in the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new position in EMCOR Group in the 1st quarter worth approximately $30,000. Groupe la Francaise increased its stake in EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after acquiring an additional 38 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the 1st quarter valued at about $37,000. Finally, Tobam raised its stake in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the transaction, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EME shares. Robert W. Baird set a $713.00 price objective on EMCOR Group in a report on Friday, October 31st. Stifel Nicolaus lifted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. DA Davidson upped their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Finally, Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Price Performance

NYSE EME opened at $619.91 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64. The firm has a market capitalization of $27.75 billion, a P/E ratio of 25.72 and a beta of 1.25. The company has a 50-day moving average price of $662.62 and a 200-day moving average price of $579.79.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $6.57. 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 during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the firm posted $5.80 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 4.02%.

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.