Apollon Wealth Management LLC Sells 2,096 Shares of EMCOR Group, Inc. (NYSE:EME)

Apollon Wealth Management LLC lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 43.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,674 shares of the construction company’s stock after selling 2,096 shares during the period. Apollon Wealth Management LLC’s holdings in EMCOR Group were worth $1,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC increased its position in shares of EMCOR Group by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after purchasing an additional 19 shares during the period. Adirondack Trust Co. increased its holdings in EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares during the period. Exchange Traded Concepts LLC raised its position in shares of EMCOR Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after buying an additional 21 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 22 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after acquiring an additional 25 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of EME opened at $467.06 on Tuesday. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 23.72 and a beta of 1.11. EMCOR Group, Inc. has a 52 week low of $238.94 and a 52 week high of $545.29. The stock has a fifty day moving average of $477.56 and a 200-day moving average of $442.79.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

Analysts Set New Price Targets

Several brokerages have commented on EME. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.