Public Employees Retirement System of Ohio Invests $20.04 Million in EMCOR Group, Inc. $EME

Public Employees Retirement System of Ohio purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, Holdings Channel reports. The firm purchased 24,146 shares of the construction company’s stock, valued at approximately $20,038,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EME. BlackRock Inc. bought a new stake in EMCOR Group during the second quarter worth about $3,416,412,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of EMCOR Group by 132,234.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after purchasing an additional 669,105 shares in the last quarter. Norges Bank acquired a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $389,702,000. Bank of Montreal Can grew its stake in shares of EMCOR Group by 425.8% in the fourth quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock valued at $342,894,000 after buying an additional 453,876 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in EMCOR Group during the second quarter worth $342,273,000. 92.59% of the stock is owned by institutional investors.

Insider Activity at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Cantor Fitzgerald cut their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. DA Davidson set a $1,047.00 price objective on EMCOR Group in a research report on Monday, August 10th. Finally, Weiss Ratings lowered EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $965.86.

EMCOR Group Trading Down 4.4%

EMCOR Group stock opened at $740.85 on Friday. The company has a market capitalization of $32.68 billion, a price-to-earnings ratio of 23.04 and a beta of 1.14. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The stock’s 50 day moving average is $789.57 and its 200-day moving average is $801.29.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the firm posted $6.72 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities research analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $0.40 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.98%.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.