Robeco Schweiz AG Sells 10,297 Shares of EMCOR Group, Inc. $EME

Robeco Schweiz AG trimmed its position in EMCOR Group, Inc. (NYSE:EME) by 19.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,600 shares of the construction company’s stock after selling 10,297 shares during the quarter. Robeco Schweiz AG owned approximately 0.10% of EMCOR Group worth $27,670,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of EMCOR Group during the 2nd quarter worth about $344,548,000. Nordea Investment Management AB raised its position in EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after purchasing an additional 153,948 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of EMCOR Group by 56.4% during the 2nd quarter. Federated Hermes Inc. now owns 322,437 shares of the construction company’s stock worth $172,468,000 after buying an additional 116,289 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of EMCOR Group by 40.2% in the second quarter. American Century Companies Inc. now owns 349,517 shares of the construction company’s stock worth $186,953,000 after acquiring an additional 100,144 shares during the last quarter. Finally, Symphony Financial Ltd. Co. acquired a new stake in EMCOR Group in the second quarter valued at approximately $47,504,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Up 1.5%

Shares of NYSE EME opened at $670.33 on Wednesday. The company’s fifty day simple moving average is $625.82 and its 200 day simple moving average is $627.00. The firm has a market cap of $30.01 billion, a PE ratio of 26.95 and a beta of 1.17. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $778.64.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is currently 6.43%.

EMCOR Group announced that its board has initiated a stock repurchase program on Thursday, December 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $713.00 price objective on EMCOR Group in a report on Friday, October 31st. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. DA Davidson lifted their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $692.83.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by 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.