EMCOR Group, Inc. (NYSE:EME) Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,354 shares of the construction company’s stock after buying an additional 187 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in EMCOR Group were worth $615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC boosted its stake in EMCOR Group by 2.5% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 19,893 shares of the construction company’s stock valued at $9,029,000 after acquiring an additional 494 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in EMCOR Group by 12.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 456 shares of the construction company’s stock valued at $207,000 after buying an additional 52 shares during the last quarter. Adirondack Trust Co. boosted its holdings in shares of EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after acquiring an additional 20 shares during the period. Mutual Advisors LLC grew its position in shares of EMCOR Group by 14.1% during the fourth quarter. Mutual Advisors LLC now owns 909 shares of the construction company’s stock worth $413,000 after acquiring an additional 112 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of EMCOR Group by 108.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company’s stock worth $7,439,000 after acquiring an additional 8,545 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

EME stock opened at $531.57 on Friday. The stock has a market capitalization of $24.45 billion, a PE ratio of 27.00 and a beta of 1.12. The company has a fifty day moving average of $488.87 and a 200-day moving average of $434.64. EMCOR Group, Inc. has a one year low of $219.07 and a one year high of $545.29.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm earned $3.61 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Analyst Ratings Changes

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

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.