Fort Washington Investment Advisors Inc. OH Sells 13,070 Shares of EMCOR Group, Inc. (NYSE:EME)

Fort Washington Investment Advisors Inc. OH reduced its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 30.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,830 shares of the construction company's stock after selling 13,070 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.06% of EMCOR Group worth $13,540,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of EME. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at about $33,000. Anchor Investment Management LLC lifted its position in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after purchasing an additional 50 shares during the period. True Wealth Design LLC boosted its holdings in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after purchasing an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of EMCOR Group during the 3rd quarter worth approximately $55,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

EMCOR Group Stock Performance

Shares of NYSE:EME traded down $4.42 during trading on Thursday, reaching $531.57. 216,969 shares of the stock were exchanged, compared to its average volume of 369,453. The firm's 50-day moving average price is $488.87 and its 200 day moving average price is $434.64. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12. EMCOR Group, Inc. has a 12-month low of $219.07 and a 12-month high of $545.29.

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

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group's dividend payout ratio is presently 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.