Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,919 shares of the construction company's stock after selling 2,282 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of EMCOR Group worth $37,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in EME. Smartleaf Asset Management LLC increased its holdings in EMCOR Group by 56.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 321 shares of the construction company's stock valued at $147,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in EMCOR Group by 408.0% in the 4th quarter. Jones Financial Companies Lllp now owns 508 shares of the construction company's stock valued at $231,000 after purchasing an additional 408 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in EMCOR Group in the 4th quarter valued at approximately $152,000. Plato Investment Management Ltd increased its holdings in EMCOR Group by 31.6% in the 4th quarter. Plato Investment Management Ltd now owns 3,739 shares of the construction company's stock valued at $1,703,000 after purchasing an additional 898 shares during the last quarter. Finally, Westover Capital Advisors LLC increased its holdings in EMCOR Group by 3.7% in the 4th quarter. Westover Capital Advisors LLC now owns 11,457 shares of the construction company's stock valued at $5,200,000 after purchasing an additional 407 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of EME traded up $4.84 during midday trading on Friday, reaching $546.64. 302,472 shares of the stock were exchanged, compared to its average volume of 450,502. The business's 50-day moving average price is $474.05 and its 200 day moving average price is $441.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $550.18. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 24.16 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the previous year, the firm earned $4.17 earnings per share. The business's revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. EMCOR Group's dividend payout ratio (DPR) is currently 4.42%.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. This represents 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 insiders.

Analysts Set New Price Targets

EME has been the subject of a number of research analyst reports. William Blair initiated coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating for the company. UBS Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 13th. They issued a "buy" rating and a $570.00 price target for the company. Stifel Nicolaus decreased their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $518.00.

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.