Epoch Investment Partners Inc. Raises Stock Position in EMCOR Group, Inc. $EME

Key Points

• Epoch Investment Partners Inc. increased its holdings in EMCOR Group by 3.3%, now owning 235,716 shares valued at approximately $87.1 million.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding expectations by $1.04, with revenue of $4.30 billion, up 17.4% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, leading to an annualized payout of $1.00 and a dividend yield of 0.2%.

Epoch Investment Partners Inc. increased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,716 shares of the construction company's stock after buying an additional 7,543 shares during the period. Epoch Investment Partners Inc. owned 0.53% of EMCOR Group worth $87,128,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its holdings in EMCOR Group by 21.7% during the 4th quarter. Voya Investment Management LLC now owns 26,620 shares of the construction company's stock worth $12,083,000 after acquiring an additional 4,749 shares in the last quarter. Nebula Research & Development LLC bought a new position in EMCOR Group during the 4th quarter worth about $615,000. Aquatic Capital Management LLC grew its holdings in EMCOR Group by 93.0% during the 4th quarter. Aquatic Capital Management LLC now owns 3,320 shares of the construction company's stock worth $1,507,000 after acquiring an additional 1,600 shares in the last quarter. Decade Renewable Partners LP grew its holdings in EMCOR Group by 89.5% during the 4th quarter. Decade Renewable Partners LP now owns 26,844 shares of the construction company's stock worth $12,184,000 after acquiring an additional 12,682 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in EMCOR Group by 22.9% during the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after acquiring an additional 102,738 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

EME has been the topic of a number of recent analyst reports. DA Davidson raised their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Finally, The Goldman Sachs Group lifted their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

EME traded down $13.36 during trading on Friday, reaching $619.89. 353,374 shares of the company's stock were exchanged, compared to its average volume of 310,887. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market capitalization of $27.75 billion, a P/E ratio of 25.72 and a beta of 1.27. The company's fifty day simple moving average is $583.56 and its 200-day simple moving average is $476.78.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is 4.15%.

EMCOR Group Company 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.