Savant Capital LLC Has $1.88 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Savant Capital LLC increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 10.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,145 shares of the construction company’s stock after acquiring an additional 467 shares during the period. Savant Capital LLC’s holdings in EMCOR Group were worth $1,878,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EME. Matrix Trust Co bought a new stake in EMCOR Group during the second quarter worth approximately $26,000. Proffitt & Goodson Inc. bought a new stake in shares of EMCOR Group during the 2nd quarter worth $27,000. V Square Quantitative Management LLC acquired a new position in EMCOR Group in the 1st quarter valued at $28,000. Innealta Capital LLC bought a new position in EMCOR Group in the 2nd quarter worth $29,000. Finally, ORG Partners LLC acquired a new position in EMCOR Group during the 2nd quarter worth $31,000. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Trading Up 3.1 %

Shares of EMCOR Group stock opened at $363.88 on Tuesday. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $401.98. The company’s fifty day simple moving average is $366.75 and its 200-day simple moving average is $359.66. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 23.70 and a beta of 1.07.

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

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Monday, July 15th. EMCOR Group’s dividend payout ratio is presently 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.