Bank of New York Mellon Corp Buys Shares of 250,153 EMCOR Group, Inc. $EME

Key Points

• Bank of New York Mellon purchased 250,153 EMCOR Group shares worth approximately $207.6 million, giving it a 0.57% stake. Institutional investors collectively own 92.59% of the company.
• Analysts remain broadly positive, with an average “Buy” rating and a $965.86 price target. Recent ratings included UBS raising its target to $1,065 and Zacks upgrading the stock to “Strong Buy.”
• EMCOR reported strong quarterly results, with earnings of $9.06 per share versus the $7.23 consensus and revenue of $5.15 billion, up 19.7% year over year. The company also pays a $0.40 quarterly dividend, equivalent to a 0.2% yield.

Bank of New York Mellon Corp purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 250,153 shares of the construction company's stock, valued at approximately $207,597,000. Bank of New York Mellon Corp owned 0.57% of EMCOR Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EME. Whittier Trust Co. of Nevada Inc. increased its stake in shares of EMCOR Group by 3.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company's stock worth $270,000 after purchasing an additional 13 shares in the last quarter. PAX Financial Group LLC increased its position in EMCOR Group by 3.6% in the fourth quarter. PAX Financial Group LLC now owns 404 shares of the construction company's stock worth $247,000 after buying an additional 14 shares in the last quarter. First National Bank of Hutchinson raised its stake in shares of EMCOR Group by 0.9% in the fourth quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company's stock worth $987,000 after buying an additional 15 shares during the period. Advisors Capital Management LLC raised its stake in shares of EMCOR Group by 3.4% in the fourth quarter. Advisors Capital Management LLC now owns 450 shares of the construction company's stock worth $275,000 after buying an additional 15 shares during the period. Finally, KPP Advisory Services LLC lifted its position in shares of EMCOR Group by 3.9% during the 4th quarter. KPP Advisory Services LLC now owns 399 shares of the construction company's stock valued at $244,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the sale, the director owned 17,278 shares of the company's stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on EME. UBS Group raised their target price on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Cantor Fitzgerald dropped their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research note on Thursday, April 30th. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of EMCOR Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $965.86.

EMCOR Group Price Performance

EMCOR Group stock opened at $777.68 on Friday. The stock has a market cap of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The firm's 50 day moving average price is $797.37 and its 200-day moving average price is $800.45.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping analysts' consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. EMCOR Group's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group's dividend payout ratio is presently 4.98%.

EMCOR Group Profile

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.

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