Wellington Management Group LLP Has $88.12 Million Stake in EMCOR Group, Inc. $EME

Wellington Management Group LLP reduced its position in EMCOR Group, Inc. (NYSE:EME) by 21.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,189 shares of the construction company’s stock after selling 29,352 shares during the quarter. Wellington Management Group LLP owned approximately 0.24% of EMCOR Group worth $88,124,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in EMCOR Group during the 2nd quarter worth about $3,416,412,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 shares of EMCOR Group during the 4th quarter valued at about $389,702,000. Bank of Montreal Can grew its stake in EMCOR Group by 425.8% during the fourth 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 during the period. Finally, Deutsche Bank AG acquired a new stake in EMCOR Group during the second quarter worth approximately $342,273,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EME. Cantor Fitzgerald dropped their price target on 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. Weiss Ratings downgraded shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Oppenheimer boosted their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group raised their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $965.86.

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

EMCOR Group Price Performance

EME opened at $735.31 on Wednesday. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The company has a market capitalization of $32.43 billion, a price-to-earnings ratio of 22.87 and a beta of 1.13. The firm’s fifty day moving average price is $784.79 and its two-hundred day moving average price is $800.67.

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

EMCOR Group Dividend Announcement

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

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.