Northern Trust Corp Has $211.24 Million Stake in EMCOR Group, Inc. $EME

Key Points

• Northern Trust Corp increased its stake in EMCOR Group, Inc. by 3.7% during the first quarter, now owning approximately 1.28% of the company valued at $211.2 million.
• EMCOR Group reported earnings of $6.72 per share for the last quarter, surpassing analysts' expectations of $5.68 and showing a 17.4% revenue increase compared to last year.
• The company recently declared a quarterly dividend of $0.25 per share, reflecting an annualized yield of 0.2% and a modest dividend payout ratio of 4.15%.

Northern Trust Corp grew its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 571,487 shares of the construction company's stock after acquiring an additional 20,604 shares during the quarter. Northern Trust Corp owned 1.28% of EMCOR Group worth $211,239,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BankPlus Trust Department raised its holdings in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $30,000. Pandora Wealth Inc. acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $37,000. Finally, Continuum Advisory LLC raised its holdings in shares of EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Up 1.4%

Shares of EMCOR Group stock traded up $8.77 during trading on Tuesday, reaching $617.93. 136,083 shares of the company were exchanged, compared to its average volume of 475,779. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64. The business has a 50-day moving average price of $572.39 and a 200-day moving average price of $472.08. The firm has a market capitalization of $27.66 billion, a price-to-earnings ratio of 25.62 and a beta of 1.27.

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

EMCOR Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

EME has been the subject of a number of recent analyst reports. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Jefferies Financial Group initiated coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. Robert W. Baird initiated coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. Finally, Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, EMCOR Group has an average rating of "Moderate Buy" and a consensus target price of $594.50.

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.