EMCOR Group, Inc. (NYSE:EME) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 2.2% during the first quarter, according to its most recent Form 13F filing with the 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 0.22% of EMCOR Group worth $37,672,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after acquiring an additional 3,407 shares during the last quarter. Redwood Investment Management LLC purchased a new position in EMCOR Group during the fourth quarter worth about $1,417,000. Cambridge Investment Research Advisors Inc. boosted its holdings in EMCOR Group by 146.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after purchasing an additional 6,361 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock worth $374,000 after buying an additional 262 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EMCOR Group

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EME shares. Jefferies Financial Group initiated coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Stifel Nicolaus cut their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Finally, Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $518.00.

EMCOR Group Trading Up 0.9%

EME traded up $4.84 during mid-day trading on Friday, hitting $546.64. 302,472 shares of the stock were exchanged, compared to its average volume of 449,861. The firm's fifty day moving average is $471.34 and its two-hundred day moving average is $441.16. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $550.18. The company has a market cap of $24.47 billion, a PE ratio of 24.16 and a beta of 1.24. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. 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 prior year, the company earned $4.17 earnings per share. The business's quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

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.