Diversified Trust Co Has $2.20 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Diversified Trust Co boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 27.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,283 shares of the construction company’s stock after purchasing an additional 1,343 shares during the quarter. Diversified Trust Co’s holdings in EMCOR Group were worth $2,200,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of EMCOR Group by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after purchasing an additional 35 shares during the period. Modus Advisors LLC raised its stake in EMCOR Group by 2.0% in the 4th quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock valued at $539,000 after acquiring an additional 49 shares during the period. Daiwa Securities Group Inc. lifted its holdings in EMCOR Group by 0.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock valued at $3,049,000 after purchasing an additional 50 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in EMCOR Group by 32.5% during the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock valued at $45,000 after purchasing an additional 51 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 1.5 %

Shares of NYSE EME opened at $359.66 on Tuesday. The business has a 50-day simple moving average of $375.84 and a two-hundred day simple moving average of $311.10. EMCOR Group, Inc. has a 52 week low of $180.63 and a 52 week high of $401.98. The company has a market cap of $16.90 billion, a P/E ratio of 23.72 and a beta of 1.06.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. The company had revenue of $3.43 billion during the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. Equities research analysts anticipate that EMCOR Group, Inc. will post 16.1 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.28%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Analyst Ratings Changes

Separately, DA Davidson reaffirmed a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the completion of the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

About EMCOR Group

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.