1,167 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,167 shares of the construction company’s stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Eagle Bay Advisors LLC raised its position in EMCOR Group by 8.1% in the first quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after purchasing an additional 34 shares during the period. GAMMA Investing LLC increased its position in shares of EMCOR Group by 17.2% during the first quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after acquiring an additional 35 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in shares of EMCOR Group by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock worth $787,000 after acquiring an additional 46 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of EMCOR Group by 30.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock worth $73,000 after acquiring an additional 47 shares during the last quarter. Finally, Cooper Financial Group increased its position in shares of EMCOR Group by 3.7% during the second quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock worth $485,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE EME traded up $8.36 during midday trading on Friday, hitting $450.45. 151,161 shares of the company’s stock were exchanged, compared to its average volume of 439,419. The stock’s 50 day moving average price is $393.89 and its 200-day moving average price is $377.04. The firm has a market cap of $21.17 billion, a P/E ratio of 29.71 and a beta of 1.07. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $450.55.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping the consensus estimate of $3.76 by $1.49. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.95 earnings per share. On average, analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio is currently 6.60%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. DA Davidson boosted their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

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.