Caisse de depot et placement du Quebec Purchases New Stake in EMCOR Group, Inc. $EME

Caisse de depot et placement du Quebec acquired a new position in EMCOR Group, Inc. (NYSE:EME) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 164,516 shares of the construction company’s stock, valued at approximately $136,529,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of EMCOR Group in the second quarter worth about $3,416,412,000. Northwestern Mutual Wealth Management Co. grew its position in shares of EMCOR Group by 132,234.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock valued at $409,661,000 after purchasing an additional 669,105 shares during the period. Norges Bank bought a new stake in EMCOR Group during the 4th quarter worth approximately $389,702,000. Bank of Montreal Can increased its stake in EMCOR Group by 425.8% during the 4th quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock worth $342,894,000 after purchasing an additional 453,876 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in EMCOR Group during the 2nd quarter worth approximately $342,273,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Price Performance

Shares of NYSE EME opened at $765.27 on Thursday. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 23.80 and a beta of 1.14. The business has a 50-day moving average of $792.75 and a 200-day moving average of $801.64. 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 released its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the company posted $6.72 earnings per share. EMCOR Group’s revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EME shares. 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 research note on Monday, August 10th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Finally, Oppenheimer increased their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $965.86.

Insider Buying and Selling at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

About EMCOR Group

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.