Franklin Resources Inc. Purchases 5,007 Shares of EMCOR Group, Inc. (NYSE:EME)

Franklin Resources Inc. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,808 shares of the construction company's stock after buying an additional 5,007 shares during the quarter. Franklin Resources Inc. owned 0.15% of EMCOR Group worth $31,143,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Cumberland Partners Ltd increased its position in shares of EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock valued at $1,722,000 after acquiring an additional 1,500 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock worth $23,473,000 after purchasing an additional 34,553 shares during the last quarter. Independent Advisor Alliance increased its holdings in EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock valued at $2,261,000 after purchasing an additional 1,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in EMCOR Group by 46.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company's stock valued at $28,874,000 after purchasing an additional 21,385 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in EMCOR Group in the 3rd quarter worth approximately $8,352,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EME shares. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price objective for the company. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They set a "buy" rating and a $600.00 target price on the stock. Finally, Northcoast Research assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Price Performance

NYSE EME traded down $0.12 during trading hours on Thursday, reaching $464.30. 308,183 shares of the company's stock traded hands, compared to its average volume of 431,098. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $532.38. The firm has a 50-day simple moving average of $480.89 and a 200 day simple moving average of $416.61. The firm has a market cap of $21.36 billion, a PE ratio of 23.58 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business's revenue was up 15.3% on a year-over-year basis. During the same period last year, the business earned $3.61 earnings per share. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date was Tuesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is 5.08%.

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.