Northern Trust Corp Has $250.05 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Northern Trust Corp raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 550,883 shares of the construction company's stock after acquiring an additional 102,738 shares during the period. Northern Trust Corp owned approximately 1.20% of EMCOR Group worth $250,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. grew its holdings in shares of EMCOR Group by 4.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC grew its stake in EMCOR Group by 3,510.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock worth $311,000 after buying an additional 667 shares during the period. PFW Advisors LLC acquired a new stake in shares of EMCOR Group in the fourth quarter worth $689,000. Central Pacific Bank Trust Division raised its stake in shares of EMCOR Group by 382.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,833 shares of the construction company's stock valued at $832,000 after acquiring an additional 1,453 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of EMCOR Group by 108.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock valued at $7,439,000 after acquiring an additional 8,545 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EME shares. Stifel Nicolaus lowered their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and an average target price of $494.50.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 947 shares of the firm's 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 completion of the transaction, the director now owns 7,094 shares of the company's stock, valued at $2,928,616.02. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

EMCOR Group Stock Down 0.1 %

NYSE EME traded down $0.53 during trading hours on Tuesday, hitting $435.46. The company had a trading volume of 74,671 shares, compared to its average volume of 465,743. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The firm has a market cap of $19.49 billion, a P/E ratio of 22.13 and a beta of 1.18. The business has a fifty day simple moving average of $386.73 and a 200-day simple moving average of $442.48.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm posted $4.17 EPS. EMCOR Group's quarterly revenue was up 12.7% compared to the same quarter last year. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

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

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.