EMCOR Group, Inc. (NYSE:EME) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 12.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,631 shares of the construction company’s stock after selling 505 shares during the quarter. Pitcairn Co.’s holdings in EMCOR Group were worth $1,563,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in EMCOR Group in the 2nd quarter worth about $26,000. Proffitt & Goodson Inc. acquired a new position in EMCOR Group in the 2nd quarter worth about $27,000. Innealta Capital LLC acquired a new position in EMCOR Group in the 2nd quarter worth about $29,000. ORG Partners LLC acquired a new position in EMCOR Group in the 2nd quarter worth about $31,000. Finally, ORG Wealth Partners LLC acquired a new position in EMCOR Group in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

EME has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. Northcoast Research assumed coverage on EMCOR Group in a research note on Friday. They set a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday. They set a “sell” rating and a $445.00 price objective for the company. Finally, StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Trading Down 4.2 %

NYSE:EME opened at $504.92 on Friday. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $532.38. The stock has a 50 day moving average of $457.00 and a two-hundred day moving average of $402.62. The firm has a market cap of $23.23 billion, a P/E ratio of 25.64 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.61 earnings per share. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s payout ratio is 5.08%.

EMCOR Group Company 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.