Lindenwold Advisors INC Invests $457,000 in EMCOR Group, Inc. (NYSE:EME)

Lindenwold Advisors INC acquired a new stake in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,061 shares of the construction company’s stock, valued at approximately $457,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cumberland Partners Ltd lifted its holdings in shares of EMCOR Group by 60.0% in the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after buying an additional 1,500 shares during the period. Cetera Advisors LLC lifted its holdings in EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after acquiring an additional 3,869 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after purchasing an additional 34,553 shares in the last quarter. Gulf International Bank UK Ltd acquired a new position in shares of EMCOR Group during the 2nd quarter worth $1,405,000. Finally, Executive Wealth Management LLC purchased a new position in shares of EMCOR Group in the 3rd quarter valued at about $3,148,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EME shares. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson upped their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday. They set a “buy” rating and a $600.00 price objective for the company.

EMCOR Group Trading Up 0.4 %

Shares of EME opened at $500.91 on Tuesday. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $525.31. The stock has a market cap of $23.04 billion, a P/E ratio of 25.44 and a beta of 1.07. The company has a 50-day moving average of $443.84 and a two-hundred day moving average of $397.93.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $3.61 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts forecast that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 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.