Raymond James Financial Inc. Raises Stake in EMCOR Group, Inc. $EME

Key Points

• Raymond James Financial Inc. increased its stake in EMCOR Group, obtaining an additional 8,166 shares, which brings their total holdings to 101,536 shares worth approximately $37.5 million.
• EMCOR Group reported a strong quarterly earnings performance, with earnings per share of $6.72, outperforming analysts' expectations, and a revenue of $4.30 billion, a 17.4% year-over-year increase.
• The company's dividend payout ratio is 4.15%, with a quarterly dividend of $0.25 per share recently distributed to shareholders.

Raymond James Financial Inc. grew its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,536 shares of the construction company's stock after purchasing an additional 8,166 shares during the quarter. Raymond James Financial Inc. owned approximately 0.23% of EMCOR Group worth $37,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. True Wealth Design LLC raised its position in 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 during the period. GeoWealth Management LLC boosted its holdings in shares of EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after purchasing an additional 28 shares during the period. Continuum Advisory LLC increased its position in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares during the last quarter. Alps Advisors Inc. raised its holdings in EMCOR Group by 3.4% during the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after buying an additional 30 shares during the period. Finally, Allworth Financial LP raised its holdings in EMCOR Group by 17.9% during the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after buying an additional 33 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 1.5%

EMCOR Group stock traded up $9.24 during trading on Tuesday, reaching $618.40. 422,903 shares of the company were exchanged, compared to its average volume of 477,610. The stock's 50 day simple moving average is $572.39 and its two-hundred day simple moving average is $472.08. 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 company has a market capitalization of $27.68 billion, a P/E ratio of 25.66 and a beta of 1.27. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64.

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

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on EME shares. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Robert W. Baird started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Finally, TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group 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.