Corient Private Wealth LP Takes $13.04 Million Position in EMCOR Group, Inc. $EME

Corient Private Wealth LP bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,719 shares of the construction company’s stock, valued at approximately $13,044,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. acquired a new stake in EMCOR Group during the 2nd quarter worth about $876,000. Bank of America Corp DE purchased a new stake in EMCOR Group during the 2nd quarter valued at about $282,509,000. Caisse de depot et placement du Quebec acquired a new position in shares of EMCOR Group in the second quarter valued at about $136,529,000. Man Group plc acquired a new position in shares of EMCOR Group in the second quarter valued at about $119,192,000. Finally, Western Wealth Management LLC purchased a new position in shares of EMCOR Group in the second quarter worth about $215,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE EME opened at $740.85 on Friday. The stock has a 50-day simple moving average of $789.57 and a two-hundred day simple moving average of $801.29. The firm has a market capitalization of $32.68 billion, a P/E ratio of 23.04 and a beta of 1.14. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the firm posted $6.72 EPS. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is presently 4.98%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the sale, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of research reports. UBS Group lifted their target price on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Cantor Fitzgerald cut their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. Finally, Oppenheimer upped their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $965.86.

EMCOR Group Company 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.