Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Fort Washington Investment Advisors Inc. OH raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 29.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,630 shares of the construction company's stock after buying an additional 8,800 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.08% of EMCOR Group worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares during the period. Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group during the fourth quarter valued at approximately $40,000. Summit Securities Group LLC bought a new position in shares of EMCOR Group during the fourth quarter valued at approximately $45,000. Park Square Financial Group LLC bought a new position in shares of EMCOR Group during the fourth quarter valued at approximately $48,000. Finally, True Wealth Design LLC boosted its stake in shares of EMCOR Group by 24.3% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EME shares. Wall Street Zen downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. UBS Group started coverage on EMCOR Group in a report on Friday. They issued a "buy" rating and a $570.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $509.60.

EMCOR Group Stock Up 1.7%

Shares of NYSE EME traded up $7.96 during trading hours on Monday, hitting $485.88. 376,180 shares of the stock were exchanged, compared to its average volume of 450,498. The company has a market cap of $21.75 billion, a PE ratio of 24.68 and a beta of 1.23. The firm has a fifty day moving average price of $438.25 and a 200-day moving average price of $438.92. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30.

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 the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.17 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

EMCOR Group announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now owns 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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.