4,046 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,046 shares of the construction company's stock, valued at approximately $1,495,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Stratos Wealth Partners LTD. acquired a new stake in EMCOR Group during the 4th quarter worth $211,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in EMCOR Group by 1.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 104,201 shares of the construction company's stock valued at $47,297,000 after buying an additional 1,447 shares during the period. Vest Financial LLC raised its holdings in EMCOR Group by 52.6% in the 4th quarter. Vest Financial LLC now owns 5,264 shares of the construction company's stock valued at $2,389,000 after buying an additional 1,815 shares during the period. Mezzasalma Advisors LLC increased its stake in EMCOR Group by 3.3% during the fourth quarter. Mezzasalma Advisors LLC now owns 11,458 shares of the construction company's stock worth $5,201,000 after purchasing an additional 361 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in EMCOR Group by 119.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,090 shares of the construction company's stock worth $949,000 after purchasing an additional 1,139 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Activity

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director now directly owns 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. This represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,197 shares of company stock valued at $3,905,748 in the last three months. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Stock Up 1.2%

Shares of EME stock opened at $490.11 on Friday. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The stock has a market cap of $21.94 billion, a P/E ratio of 24.89 and a beta of 1.23. The business has a fifty day simple moving average of $424.01 and a 200-day simple moving average of $441.49.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the business posted $4.17 EPS. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group's dividend payout ratio is currently 4.42%.

Analysts Set New Price Targets

A number of research firms recently weighed in on EME. Stifel Nicolaus cut their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $494.50.

About EMCOR Group

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.

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