Greenleaf Trust Has $443,000 Position in EMCOR Group, Inc. (NYSE:EME)

Greenleaf Trust increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 975 shares of the construction company’s stock after purchasing an additional 37 shares during the period. Greenleaf Trust’s holdings in EMCOR Group were worth $443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its stake in shares of EMCOR Group by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after purchasing an additional 19 shares during the last quarter. Adirondack Trust Co. boosted its stake in EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after acquiring an additional 20 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after acquiring an additional 21 shares during the last quarter. Caprock Group LLC grew its holdings in EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 22 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after purchasing an additional 25 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $445.21 on Wednesday. EMCOR Group, Inc. has a 52-week low of $229.75 and a 52-week high of $545.29. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 22.61 and a beta of 1.11. The firm’s 50-day moving average is $480.41 and its 200-day moving average is $440.87.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.22%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EME shares. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. Finally, Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group 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.