Sumitomo Mitsui Trust Group Inc. Grows Holdings in EMCOR Group, Inc. $EME

Sumitomo Mitsui Trust Group Inc. raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,764 shares of the construction company’s stock after purchasing an additional 9,754 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in EMCOR Group were worth $78,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. raised its position in shares of EMCOR Group by 1.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 14,179 shares of the construction company’s stock valued at $10,367,000 after purchasing an additional 196 shares during the period. Personal CFO Solutions LLC raised its holdings in EMCOR Group by 24.1% during the first quarter. Personal CFO Solutions LLC now owns 870 shares of the construction company’s stock valued at $643,000 after acquiring an additional 169 shares during the period. Axxcess Wealth Management LLC raised its holdings in EMCOR Group by 7.7% during the first quarter. Axxcess Wealth Management LLC now owns 1,916 shares of the construction company’s stock valued at $1,415,000 after acquiring an additional 137 shares during the period. Cvfg LLC purchased a new position in shares of EMCOR Group in the first quarter valued at about $2,800,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of EMCOR Group in the first quarter valued at about $1,530,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the sale, the director directly owned 10,149 shares of the company’s stock, valued at $9,395,741.22. This represents a 16.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol P. Lowe sold 950 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,027 shares of company stock worth $8,957,466. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EME. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a research note on Tuesday, June 16th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Oppenheimer began coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $871.25.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded down $1.93 during trading on Friday, reaching $781.48. 293,684 shares of the stock traded hands, compared to its average volume of 440,758. The company has a market capitalization of $34.73 billion, a price-to-earnings ratio of 26.22 and a beta of 1.13. The business has a fifty day simple moving average of $845.56 and a two-hundred day simple moving average of $774.95. EMCOR Group, Inc. has a 52-week low of $540.00 and a 52-week high of $951.96.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.90 by $0.94. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. 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.