EMCOR Group, Inc. $EME Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 4.5% in the 1st quarter, Holdings Channel reports. The fund owned 57,802 shares of the construction company’s stock after buying an additional 2,471 shares during the period. Principal Financial Group Inc.’s holdings in EMCOR Group were worth $42,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of EME. State Street Corp grew its stake in shares of EMCOR Group by 2.2% during the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock worth $1,158,603,000 after purchasing an additional 40,801 shares during the period. Geode Capital Management LLC boosted its holdings in EMCOR Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock worth $869,343,000 after buying an additional 7,790 shares in the last quarter. Victory Capital Management Inc. grew its position in EMCOR Group by 34.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after buying an additional 327,606 shares during the period. Invesco Ltd. increased its holdings in EMCOR Group by 10.5% in the fourth quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock valued at $488,986,000 after buying an additional 75,692 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of EMCOR Group by 132,234.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after acquiring an additional 669,105 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EME shares. Oppenheimer initiated coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price on the stock. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $871.25.

Insider Transactions at EMCOR Group

In related news, VP Robert Peter Lind sold 675 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the completion of the transaction, the vice president directly owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at $14,591,271. The trade was a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,027 shares of company stock worth $8,957,466 in the last quarter. 0.83% of the stock is owned by insiders.

EMCOR Group Stock Down 1.2%

EME opened at $741.30 on Friday. EMCOR Group, Inc. has a twelve month low of $540.00 and a twelve month high of $951.96. The company has a 50-day moving average price of $829.21 and a 200 day moving average price of $779.67. The company has a market cap of $32.94 billion, a PE ratio of 24.87 and a beta of 1.13.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping the consensus estimate of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business earned $5.41 EPS. EMCOR Group’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. EMCOR Group’s payout ratio is presently 5.37%.

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.