ORG Wealth Partners LLC Invests $33,000 in EMCOR Group, Inc. (NYSE:EME)

ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 76 shares of the construction company’s stock, valued at approximately $33,000.

Several other large investors also recently bought and sold shares of the business. Matrix Trust Co purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at about $26,000. Proffitt & Goodson Inc. purchased a new stake in EMCOR Group in the second quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in EMCOR Group in the 2nd quarter worth approximately $29,000. ORG Partners LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at $31,000. Finally, Independence Bank of Kentucky bought a new position in shares of EMCOR Group during the 1st quarter valued at $33,000. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. DA Davidson lifted their price objective on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

Shares of EME stock opened at $444.99 on Wednesday. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 29.35 and a beta of 1.07. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $454.84. The firm has a fifty day moving average price of $398.04 and a 200-day moving average price of $378.79.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $1.49. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. EMCOR Group’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 6.60%.

EMCOR Group 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.