Bank of New York Mellon Corp Cuts Position in EMCOR Group, Inc. $EME

Bank of New York Mellon Corp trimmed its holdings in EMCOR Group, Inc. (NYSE:EME) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 287,729 shares of the construction company’s stock after selling 7,189 shares during the quarter. Bank of New York Mellon Corp’s holdings in EMCOR Group were worth $176,030,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EME. Barnes Dennig Private Wealth Management LLC purchased a new position in EMCOR Group in the fourth quarter valued at approximately $26,000. Main Street Group LTD boosted its holdings in shares of EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares during the period. Activest Wealth Management boosted its holdings in shares of EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after acquiring an additional 48 shares during the period. Richardson Financial Services Inc. boosted its holdings in shares of EMCOR Group by 71.9% in the fourth quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after acquiring an additional 23 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in shares of EMCOR Group during the fourth quarter worth $37,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 3.4%

NYSE EME opened at $817.00 on Friday. The stock has a market cap of $36.31 billion, a PE ratio of 27.41 and a beta of 1.12. EMCOR Group, Inc. has a fifty-two week low of $455.14 and a fifty-two week high of $951.96. The business has a 50 day moving average price of $837.60 and a two-hundred day moving average price of $739.90.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 29.22 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s dividend payout ratio is 5.37%.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. DA Davidson increased their price target on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a report on Thursday, April 30th. Robert W. Baird raised their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Cantor Fitzgerald started coverage on shares of EMCOR Group in a report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 target price for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $836.88.

Insiders Place Their Bets

In other news, Director William P. Reid sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the transaction, the vice president directly owned 4,216 shares in the company, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,077 shares of company stock valued at $8,155,191. Corporate insiders own 0.83% of the company’s stock.

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.