Sumitomo Mitsui Trust Group Inc. Increases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,754 shares of the construction company's stock after acquiring an additional 1,467 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of EMCOR Group worth $44,239,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its stake in shares of EMCOR Group by 7.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,097 shares of the construction company's stock worth $384,000 after buying an additional 79 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in EMCOR Group in the first quarter worth $209,000. Blair William & Co. IL lifted its holdings in EMCOR Group by 30.8% in the first quarter. Blair William & Co. IL now owns 1,541 shares of the construction company's stock valued at $540,000 after acquiring an additional 363 shares during the period. Acadian Asset Management LLC grew its stake in shares of EMCOR Group by 55.6% during the 1st quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company's stock worth $137,074,000 after purchasing an additional 139,919 shares during the period. Finally, Covestor Ltd increased its holdings in shares of EMCOR Group by 501.5% in the 1st quarter. Covestor Ltd now owns 409 shares of the construction company's stock valued at $143,000 after purchasing an additional 341 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of several recent analyst reports. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. DA Davidson raised their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday. They issued a "buy" rating and a $600.00 price objective for the company.

EMCOR Group Price Performance

Shares of NYSE EME traded up $0.75 on Friday, hitting $498.86. The company's stock had a trading volume of 436,785 shares, compared to its average volume of 435,031. The stock has a 50 day moving average of $443.84 and a 200-day moving average of $397.35. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 25.34 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. The firm 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%. EMCOR Group's revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's payout ratio 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.