Bank of Nova Scotia Makes New $43.78 Million Investment in EMCOR Group, Inc. $EME

Key Points

• Bank of Nova Scotia acquired 52,754 shares of EMCOR Group during the second quarter, worth approximately $43.78 million and representing 0.12% of the company. Institutional investors collectively own 92.59% of EMCOR’s stock.
• EMCOR reported strong quarterly results, with EPS of $9.06 beating estimates of $7.23 and revenue of $5.15 billion exceeding expectations. Revenue rose 19.7% year over year, and the company issued fiscal 2026 EPS guidance of $32.00–$33.25.
• Analyst sentiment remains positive, with an average rating of “Buy” and an average price target of $965.86. The stock opened at $777.68, while UBS raised its target to $1,065.

Bank of Nova Scotia acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 52,754 shares of the construction company's stock, valued at approximately $43,779,000. Bank of Nova Scotia owned 0.12% of EMCOR Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EME. Great Lakes Advisors LLC increased its stake in EMCOR Group by 32.3% in the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock worth $218,000 after buying an additional 144 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock valued at $81,000 after acquiring an additional 106 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of EMCOR Group during the second quarter worth about $459,000. Baird Financial Group Inc. grew its position in shares of EMCOR Group by 5.0% during the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company's stock worth $3,113,000 after purchasing an additional 275 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in EMCOR Group by 4.7% during the 2nd quarter. NewEdge Advisors LLC now owns 15,017 shares of the construction company's stock valued at $8,033,000 after purchasing an additional 677 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Carol P. Lowe sold 950 shares of the firm's stock in a transaction 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 completion of the sale, the director owned 17,278 shares of the company's stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EME shares. UBS Group increased their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a "buy" rating in a report on Friday, July 31st. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research note on Monday, August 10th. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a 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 issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, EMCOR Group has an average rating of "Buy" and an average target price of $965.86.

EMCOR Group Stock Up 0.1%

EME stock opened at $777.68 on Monday. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The firm has a market capitalization of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14. The company has a fifty day simple moving average of $797.37 and a two-hundred day simple moving average of $800.94.

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

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a dividend of $0.40 per share. The ex-dividend date 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 (DPR) 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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